Author(s)

Luo Le, Wang Qiwen

Corresponding Author

Luo Le

Abstract

With the development of economic globalization, enterprises will face various risks in the market competition. As an important part of risk management, internal audit plays an increasingly prominent role in internal control, corporate governance and organizational operation. Internal auditors are closely related to the work of enterprise risk management functional departments when carrying out risk-oriented audit business. How to coordinate and cooperate with them is related to the efficiency and effectiveness of the whole audit business. The risks faced by enterprises are increasing, the reorganization of organizations is becoming more frequent, and the demand for internal audit to participate in risk management, improve governance structure and strengthen internal control is also increasing. Based on international economic cooperation, this paper analyzes the role of risk-oriented internal audit in enterprise risk management, and discusses how the internal audit department coordinates and contacts with the risk management functional departments when carrying out enterprise risk management.

Keywords

Internal audit; Economy; Risks; Market competition