Internal Control System Design In A Joint Venture

As the separation of ownership and operation management being normal in today's corporation, internal control becomes the heart of corporation governance and has been wide concerned in recent years. To establish perfect internal control system, the corporation can improve its management level and capability on risk prevention, reasonably ensure the compliance of rules and regulations, safety of assets, and the reliability of the financial statements, improve the effectiveness and efficiency of operations, and achieve the development strategies.As an important way to attract foreign investment since the China reform and opening, Sino-foreign joint venture made an indelible contribution to Chinese economy. As it is common that culture differences exists in such organization and the organization structure is relatively complicated, to strengthen the establishment of internal control system to avoid the operation and communication efficiency in such "foreign marriage" joint venture to achieve the long-term development strategy is the mutual benefit of the shareholders. The article summarizes the internal control framework and concludes the guidance for internal control system construction in joint venture. After analyzing the internal control status in A joint venture, the article brings up the suggestions for the establishment of internal control system in A joint venture. The five-chapter dissertation will focus on the internal control research.Chapter 1 is the introduction, which is the start of the dissertation, which is a summary of the researching background, meanings, methods used, logics and innovations.Chapter 2 brings up with the points for the establishment of internal control system in joint venture.Chapter 3 is the statement of A joint venture. Including the current situation of each internal control elements, and analyzing the internal control in joint venture A.Chapter 4 is the solution to complement the missing parts regarding with the analysis in the above chapter. By means of financial analysis to get the key control points and design the appropriate control process and policies.Chapter 5 is the conclusion of the dissertation, to sum up result of the research and the defect of the research.