Study On The Evaluation Of Internal Control For Company YD

July 30, 2002 issued by U.S. President George W. Bush signed the "Sarbanes-Oxley Act", requires the commitment of companies listed in the U.S. disclosed its financial report for the authenticity of, and to ask non-US listed companies in the financial report should be effectiveness of internal control to make a written statement. YD as listed in the U.S. company must meet the "Sarbanes-Oxley Act" requirements, the company's internal control system effectiveness evaluation.In this paper, the effectiveness of internal control evaluation research activities, aimed at discovering the internal control process YD problems in the management of the company concerned YD easily covered up and ignored the existence of the problem, keep the company in the rapidly developing to achieve effective control . In this paper, capital expenditure process, for example, the level of executive control YD-depth study, reveal that there are risks in internal control, internal control weaknesses found, to improve internal control and risk management recommendations to maintain the competitiveness of enterprises and sustainable development.In this paper, the empirical case study approach to YD's internal control system is effective for the study, the basic concepts of internal control and internal control evaluation on the basis of the theoretical sort, from the corporate level and business process level, both within the company for YD control system for the evaluation and analysis. First, the organizational structure of YD's brief, and responsibilities of various departments conducted a detailed description, thus confirming the YD in the corporate level has improved and a clear division of labor. Company YD through the use of the relevant review articles of association, documents and other methods, a careful reading of Company YD rules and regulations, the executive level of control elements for analysis, evaluation of YD in the management of the company's internal control based on the basic conditions to confirm the company level effectiveness of internal controls. Secondly, this company's business processes in the YD control the overall level of in-depth study, and with reference to "COSO internal control framework", "Internal Control Standards", "internal control guidelines for supporting" the development of internal control evaluation methods YD's internal control system analysis and evaluation. Way through the field tests for control flow analysis to determine the effectiveness of the implementation. I work with the actual situation, the specific internal control selected YD manual processes for capital expenditure projects to analyze, mainly from the control environment, risk assessment, control activities, information and communication, monitoring five aspects, involving a total of 50 process control points, covering the authorization and approval, verification, management review, the division of responsibilities four control types, including construction projects in the financial statements, capital commitments, accounts payable and other accounts. By analyzing the effectiveness of the test to confirm YD implement effective internal control processes, and its corresponding update with improved control measures, timely repair the existence of the business risks and internal control weak points. Based on the corporate level and business process level control two aspects of analysis, the YD to make an effective internal control evaluations and judgments.Control at the corporate level, YD COSO framework based company established and implemented a comprehensive internal control management, through the development of appropriate supporting systems, Company YD's internal control environment with the control board, carry out and implement the values of integrity, Thu Duc, staff a clear competence and the ability level of concrete into the necessary skills and knowledge. Enterprise level goals and effectively communicated to the staff and board of directors, the company has a risk assessment process, and focus on all aspects of existence and possible risks. Each activity has an associated process control system, with full information gathering and feedback, effective communication with all aspects and activities were carried out under effective control.Capital expenditure in order to represent the business process level, process control, Company YD has established a complete process control system and the system under the control of the business processes according to the system implementation, the project in seven business processes are well established flow system, from the five aspects of internal control constraints, the test and found that according to its business processes, but also has a complete repair process improvements.