What is the idea of risk-oriented internal audit? What is the urgent need?

Risk-oriented audit is a modern audit mode, which takes the evaluation and control of risk factors as the starting point of audit work, introduces risk analysis methods, makes overall use of various testing methods and synthesizes various audit evidences, so as to form reasonable audit opinions and realize audit objectives.

the process of audit method: risk assessment (internal and external environment of the audited entity)-compliance test-substantive test

audit method: inquiry and investigation: inquiry of relevant personnel, questionnaire survey, interview, etc.

analytical review: analysis of the difference between actual data and expectation or the relationship between actual data and measured data, direct management of information, understanding of changes and anomalies, and determination of audit focus.

inspection and observation: inspection data and field observation.