Internal Control System Design For Purchasing & Selling Cycle In ChangChun Delphi Packard Electrics Systems Co.,Ltd

Modern enterprise internal control is the product of certain stage with the development of economy. It is enriched and developed with business enterprise's requirement of internal management. Being restricted by the Planning Economy, enterprises in China don not pay much attention or research on internal control system. But with a series events like Enron, WorldCom, etc,,now it is very understandable that the failure or succeed on a business, the distortion of accounting information, illegally operation is due to the absence or invalidation of internal control system. With the developing of economy, the escalating competition, how to keep away risks, is the most important issue to enterprises even to all the country. In order to control risks effectively, the author design the purchasing & selling cycle internal control system in Delphi Packard Electric System Co., Ltd.This Article was written in four major portions:Section one is Exordium, briefly introduce the background of research, methodology of research, content of research.Section two is the basic of internal control system design, briefly introduce internal control theory.Practice must instructed by theory. Firstly, the article analysis the engender and development of internal control, summarize the development of internal control theory worldwide, especially the influence by COSO report; secondly, provide the concept and goal for internal control; Finally, Analysis the request of internal control and the scope of design, provide theoretical & directional instruction for system design. The article rise that internal control is policies and procedures to ensure effective operation in business activities, ensure the safety of company assets, avoid and aware fraud and mistakes, ensure the...