Internal Accounting Control System Based On Corporate Governance

Internal accounting control system is the core part of internal control system, which comes into being and grows from the developmental course of internal control system. During the last few decades, the theory of internal accounting control has been deepened and innovated continually, as well as applied and developed in practice.With the development of global economy incorporation and the change of world economy environment, the theory of corporate governance has been got more and more attentions. Some experts have even been beginning to search the relationship between corporate governance and internal accounting control. It can say that the study of internal accounting control and corporate governance has been the hotspot and emphasis in the work of theory and practice. Now, people have recognized, scientific and reasonable corporate governance is a basis and condition which can guarantee modern corporations'running validly. And at the same time, corporate governance can't be better without perfect internal accounting control. As an crucial internal control system, internal accounting control system is not only good for keeping away from working hazard, making corporate goal come true reasonably and following relative rule and law, but also for consummating corporate governance. So, it is an essential task to research the system made up of by corporate governance and internal accounting control.This article analyzes the relationship between corporate governance and internal accounting control through game model. Based on raveling the relationship of corporate governance and internal accounting control system and the fact they affecting each other, this article tries to put the internal accounting control system research under the microcosm corporate governance, combining corporate governance with internal accounting control system, to form the internal accounting control system of corporate governance. When analyzing the element, running system, content, target and measure, this article points out the limitation existed, the direction and consummation countermeasure of internal accounting control system pertinently.The innovation point is analyzing the relationships between shareholder and operating manager and between internal accounting control's framework and operating manager separately, through two game models, to make a conclusion that internal accounting control is propitious to consummating corporate governance andtrying to found an internal accounting control system under corporate governance.