Study On Evaluation Of Enterprise Internal Control

Responding to a series of corporate scandals, people pay more and more attention to the internal control. People not only care whether the enterprise has designed and executed the internal control, but also hope independent auditor to express an opinion on the director' s representation of the internal control. At the present time, many countries have established some rules and principles about the internal control evaluation.CPAs in the United States can provide there internal control evaluation according to some rules and principles, such as the Sarbanes-Oxley Act of 2002, which was enacted by the United States federal government, and PCAOB NO. 2, PCAOB NO. 5, which was based on the COSO(IF-IC) and issued by the Public Company Accounting Oversight Board . Hong Kong has also produced PCF 46 about the frame of internal control and risk management, in order to provide advice and guides to the director, but hasn' t issued the principles about internal control evaluation. Our country has enacted the guide of internal control evaluation by the CPA Association, which provides the rules to CPAs' internal control evaluation.This paper the will discuss internal control evaluation from the CPA' s point of view. First, we will analyze some theories about internal control evaluation, mainly introduce the development of internal control, and compare China' s internal control rules with the United States, then we will introduce a case of internal control evaluation, through deeply study, to research the difficulties in CPA' s providing internal control evaluation, and give some advises to develop the internal control evaluation in future.This paper has five parts: the first part includes the study objective, the summary of reference books, the study method and innovation, and the frame of this paper. The second part introduces the development of internal control, compares China' s internal control rules with the United States PCAOB NO. 2. The third part makes a study of the internal control evaluation procedure, mainly discuss some important and difficult points. The forth part is the case-study. Base on the above analyze, the fifth part draw some conclusions about improving the internal control evaluation in our country.