Study On The Design Of Internal Control Framework Based On Value Creation

With the continuous development of the economy and the advancement of technology, global competition is more intense, enterprises are facing more turbulent and changeable environment. Under such circumstances, how to maximize enterprise value as a business first and foremost question of the survival and development. In view of this, the management activities of enterprises must be maximize the value oriented, and internal control as an important aspect of management activities, also should subject to the requirements of enterprise value. However, the current domestic and international research on the internal control is mainly based on the perspective of audit, which is concerned about the internal controls to ensure the reliability of financial reporting functions, to some extent, ignored the essence of its value creation.Therefore,to further explore the internal control based on value creation has great theoretical and realistic significance in the promotion of the enterprise competitiveness.This paper is based on the value management theory and internal control theory, carry out analysis of the internal control mechanism from the perspective of value creation, demonstrates the rationality, feasibility and necessity of the internal control framework based on value creation. On this basis, according to the design principles and design ideas of internal control, design the internal control framework based on value creation which has greater innovation, and also introduce the specific elements of the framework. Finally, put forward some proposals about the implementation of the internal control framework designed based on value creation, combine the techniques of value management and elements of the internal control framework at the enterprise level, with a view from internal control of the theoretical level and operational level to achieve the goal of maximizing corporate value.