Study On The Integration Of Internal Control Evaluation

Internal control evaluation is an important part of the internal control process, a correctunderstanding and effective implementation of internal control evaluation has an importantsignificance. This article considers that, depending on the purpose of the evaluation of internalcontrol, it should be divided into perfect-purpose and disclosure-purpose. Perfect-purpose internalcontrol evaluation tests and evaluates the integrity, economy and effectiveness of the internalcontrol system. The disclosure-purpose of internal control evaluation could protect the authenticityof accounting information. It could also protect the shareholders' and creditors' interests,maintaining the effective operation of the capital markets. These two kinds of internal controlevaluation shares dissimilarities as well as commonalities. They have great significance ondevelopment of enterprises and stakeholders, so they have the same significance of the existence.Try to reduce implementation costs and improve efficiency on the basis of ensuring the quality ofinternal control evaluation and giving full play to the internal control evaluation, there is a need tocoordinate both the purpose of internal control evaluation, and they shall be integrated.This article compares the two kinds of internal control evaluation, and analyzes the feasibilityof integration. This article argues that: the entity of internal control evaluation should made up ofthe management and governance layer; content should rely mainly on internal control evaluationwhich related to the financial statements while the overall internal control evaluation subsidiary;themethod of internal control evaluation could rely mainly on the Control Self-Assessment whileIndependent evaluation method subsidiary; the contents of external report should according to thenational relevant regulations, while the contents of internal report should be as detailed andconstructive as possible.