A Case Study On Double-effect Supervision Integration Of The Highway Electromechanical Project In NY Company

The double-effect supervision integration is an important issue in the process of thestate-owned enterprise reform and development. The double-effect supervision integration isdesigned to solve the problem of duplicate checks and bulls supervision of state-ownedenterprises. In this paper, using the example of the NY highway electromechanical projects,we study the implementation of the integration process and results of the double-effectsupervision integration, in order to have a certain referential significance for the state-ownedenterprises to carry out the practices of the double-effect supervision integration.Based on the theory of corporate control over and internal control theory, using theresearch methods of case analysis and normative analysis, we study how NY companyimplements the double-effect supervision integration to its highway electromechanicalprocess project. In this paper, on the basis of a complete description of the process of thedouble-effective supervision integration project, the study gives a concrete analysis of theregulations and the practical effect of the double-effective supervision integration project, andthen summarizes practice experience of NY company implementing the double-effectivesupervision integration from the aspects of general idea of integration, implementationguidelines, operation mechanism and effect evaluation. At last, the paper lists some specificmeasures to further improve the double-effect supervision integration.From the case study of NY highway electromechanical projects, the main conclusions wedraw are as follows:(1) double-effect supervision integration is an inherent requirement of thetheory of corporate control over and the internal control theory;(2) double-effect supervisionintegration is the external requirements of the anti-fraud supervision audit policy;(3) thegeneral idea of the double-effect supervision integration is audit and monitor plan their duties,meanwhile they should coordination to form an effectiveness supervision system andoperation mechanism.(4) the implementation points of double-effect supervision integrationinclude:1) the supervision department is mainly responsible for checking whether businessactivities are legal, reasonable and timely, they are responsible for evaluating theresponsibility of the relevant operators and managers in business activities;2) auditdepartment is primarily responsible for the review of whether the financial activities are real,legitimate, they are responsible for evaluating the relevant persons responsibility in thefinancial activities;3) auditing and supervision departments are jointly responsible for theevaluation of economy, efficiency, effectiveness, supervision work can be appropriate extendto the financial activities and the audit may be appropriate extend to business activities.(5) running mechanism of the double-effect supervision integration is a closed-loop process fromplan toimplement, improved and check.The case study of NY project illustrates the performance monitor and efficiency audit isconducive to fully mobilize the internal resources to achieve the optimization of internaloversight.