Research On Control Self-assessment In China Telecom Co., Ltd. Xiang Fan Branch

In May 2008, the Ministry of Finance, jointly with CSRC (China Securities Regulatory Commission), Audit Administration, CBRC (China Banking Regulatory Commission) and China Insurance Regulatory Commission, constituted the Fundamental Norms for Internal Control of Enterprises, which is the first government regulation for standardizing enterprise internal control and is also the symbol reflecting that the internal control of China's enterprise has developed into a standardization stage. The self-assessment of internal control can reflect the effectiveness of internal control, which may help investors make precise judgments upon the internal control of the management level and investment risks.Through thorough analysis on the problems in the internal control self-assessment system of the Xiang fan Branch of China Telecom, this article constitutes the self-assessment indicator system and brings out specific plan for standardizing its internal control self-assessment system. Upon the study on the internal control appraisal, it draws out the conclusion that the CSA is a dynamic appraisal which not only can predict and analyze risks in time, but also can monitor the risk prevention measures and the results. Besides, during the whole process, the internal audition the major force for constantly optimizing and promoting, and it plays an irreplaceable role for improving internal control management.