Some Theoretical Issues of Risk-Based Internal Audit

Based on the definition of internal audit defined by IIA,this paper first defines the risk-based internal audit and puts forward the realistic background of the risk-based internal audit.Then analyzes the basic characteristics and contents of risk-based internal audit compared with the traditional control-based internal audit,explains its mutual relationship and enterprise risk management framework(ERM) and differentiates from risk-based external audit.Finally,makes some relevant conclusion and points out the realistic significance of the concept of risk-based internal audit effects on the practice of internal audit.