The Role of Internal Audit in Enterprise Risk Management and its Empirical Analysis
Abstract
This paper discusses the function mechanism and influencing factors of internal audit in enterprise risk management from both
theoretical and empirical dimensions. At the theoretical level, this paper systematically combs the conceptual connotation and internal relations between internal audit and enterprise risk management, and builds an analytical framework for the involvement of internal audit in risk
management. At the empirical level, this paper takes Chinese A-share listed companies as research samples, empirically tests the impact of
internal audit on the effectiveness of enterprise risk management, and further analyzes the key factors affecting the function of internal audit
risk management. Research shows that high-quality internal audit can significantly improve the level of enterprise risk management, and internal audit independence, professional competence and communication and coordination with relevant parties are important factors affecting the
performance of its risk management function.
theoretical and empirical dimensions. At the theoretical level, this paper systematically combs the conceptual connotation and internal relations between internal audit and enterprise risk management, and builds an analytical framework for the involvement of internal audit in risk
management. At the empirical level, this paper takes Chinese A-share listed companies as research samples, empirically tests the impact of
internal audit on the effectiveness of enterprise risk management, and further analyzes the key factors affecting the function of internal audit
risk management. Research shows that high-quality internal audit can significantly improve the level of enterprise risk management, and internal audit independence, professional competence and communication and coordination with relevant parties are important factors affecting the
performance of its risk management function.
Keywords
Internal audit; Enterprise risk management; Mechanism of action; Empirical analysis; Influencing factor
Full Text:
PDFReferences
[1] Deng Yinghong. On the role and countermeasures of internal audit in the risk management of tobacco enterprises [J]. Chinese Science
and Technology Journal Database (full-text edition) Economic Management, 2023 (5): 4.
[2] Song Xueliang. Internal audit participates in the strategy exploration of enterprise comprehensive risk management [J]. Caixun, 2023 (19).
[3] Chen Jing. Analysis of the role of internal audit in the accounting risk management of construction enterprises [J]. Contemporary Accounting, 2023 (6): 67-69.
DOI: http://dx.doi.org/10.70711/frim.v2i7.5024
Refbacks
- There are currently no refbacks.
