A Study On The Improvement Of Internal Audit Quality Of Company A Based On ERM

Nowadays,there are more than 90 thousand real estate enterprises in China,providing nearly 3 million jobs directly.Coupled with the upstream and downstream industries such as the construction,sales agent services and property management,the large-scale real estate industrial chain has a significant impact on Chinese national economy.Therefore,whether real estate companies can maintain stable development will not only affect their future,but also influence the stability of national economy as well as people's livelihood.The internal audit department can identify significant risks and take measures to prevent them,so as to ensure the overall management of risks and stable development of the company.This thesis with the research object of Company A and under the guidance of Enterprise Risk Management(ERM)framework,studies how to use Risk Oriented Audit model in audit practice for the sake of the improvement of internal audit quality of real estate companies.It draws on the relevant theories of risk management and internal audit,and applies the methods of case analysis.The research results demonstrate that the following problems are found in the audit department of Company A to cause the low audit quality of the project: no risk assessment conducted to fully measure the status of risk management in the company,failure to match the professional structure of auditors with the needs of rapid business development,lack of comprehensive audit quality control mechanism,no advanced information auditing methods resulting in low audit efficiency,lack of communication by auditors which results in the inefficient cooperation between entities who are audited and auditors.On the basis of the above research results,this thesis proposes an audit quality improvement model under the guidance of ERM released by COSO in 2017,and puts forward related policy recommendations: carrying out a comprehensive risk assessment campaign and formulating the audit objectives,diversifying the knowledge structure of audit teams,improving employees' professionalism and conducting full-coverage audit,improving the quality evaluation and performance evaluation mechanism to review the work of audit team and ensure audit quality,adopting digital automatic audit technology to improve audit efficiency,strengthening two-way communication with entities being audited.