Risk-oriented Internal Audit Research Of Commercial Banks In The Post-financial Crisis Era

With the further globalization of the financial industry,the deepening of cross-border operation and mixed operation leads to faster transmission speed and wider spread of bank risks.The outbreak of the Global Economic Crisis in 2008 has exposed all kinds of potential risks.At present,the world economy has been restored to a certain extent,this special time called the post-financial crisis era.In this time,international financial markets are experiencing greater volatility and greater turbulence.Developed economies are slowly recovering,and domestic economic development has entered a New Normal.Many internal and external challenges hinder the development of Chinese banking industry.In this context,the internal audit department of commercial banks has focused on “how to make the 'third line of defense for risk prevention play the role of escort better” in its practice,and continuously explored on the internal audit.This paper compares and evaluates the risk-oriented internal audit system of Nanjing Bank by summarizing the advanced experience of foreign commercial banks',and finds out the gap between them,so as to carry out beneficial exploration for the reform and development of Chinese risk-oriented internal audit.Based on the literature review,this paper briefly discusses the relevant theories of commercial Banks' risk-oriented internal audit.It is believed that although the system has made some breakthroughs in theory and practise in China,it still lags behind developed countries.Then,the development process of internal audit system of commercial banks has been discussed.Due to the characteristics of banks' risks in the post-financial crisis era,new type of risk-oriented internal audit is required.Due to the large number of commercial banks in China and different risk emphases,it is difficult to conduct a unified analysis on them.Therefore,this article takes Nanjing Bank as an example,using foreign commercial Banks' risk-oriented internal audit to compare and evaluate their current internal audit practices,find out the typical problems,and provide suggestions for improvement.At the end of this paper,the research conclusions and the shortcomings of this paper have been summarized,as well as the research prospect of risk-oriented internal audit of commercial Banks in the future is prospected...