英文目录

Highlights in This Issue

Reflections on risk-oriented internal audit mechanism
With the continuous expansion of scales, enterprises face an ever increasing level of risks. Internal audit, as an independent and objective assurance and consultation activity, is a kind of corporate arrangement of internal control and risk management, as well as a governance mechanism guaranteeing the corporate accountability, which plays an important role in the practice of corporate governance. At present, many scholars have conducted in-depth researches on risk-orientated internal audit from different perspectives and in different fields, but the application of risk-oriented audit techniques and methods in internal audit is mostly confined to the macro-level. In order to provide a better understanding of the mode of risk-oriented internal audit, this article presents an primary discussion on the development of internal audit, covering areas like corporate governance related theories, evolvement of auditing direction, construction of risk-oriented internal audit mechanism, etc..

The application of brainstorming in fraud audit
Brainstorming gained attention and importance by the audit profession. It has been implemented and promoted as an important part of fraud risk response. In 2002, the Auditing Standards Board (ASB) in the United States revised the Statement of Auditing Standards (SAS No. 99, 109) to request every audit team to hold a brainstorming discussion in which auditors exchange views on possible fraud in the client’s financial statement. The standards makers regard brainstorming as a tool in improving the judgment quality of auditors in identifying fraud. Extensive overseas audit practices and research suggest that group brainstorming produce more desirable results in identifying, evaluating and responding to fraud risks than the auditors’ individual judgment and decision-making.
A Review of CPA system during China’s Republic Period of 1912－1949
This article reviews and remarks on the CPA system during the China’s Republic Period 1912-1949. In addition, it summarizes the drawbacks of such research domestically and abroad, of fragmented methods that produce superficial findings. The article proposes the solution to the problem would be to uncover more historical data and properly utilize them. Two other shortcomings of such research are, obsolete research methods and applying foreign theoretical framework to analyze Chinese cases. This article holds that the breakthrough of the research in this field lies in uncovering more data; applying multi-dimensional perspectives and applying new research methods.