Research On Internal Control Problems And Countermeasures Of X Corporation

With China’s rapid integration into the global economy, the rapid establishment andimprovement of the context for a modern enterprise system, the changes in the businessenvironment, the development of management theory, and the financial fraud occurred inrecent years due to failure of internal control, the development of the internal control andimprove the more urgent demands. Many financial fraud cases reveal the significanthazards and defects in company’s governance structure and internal control, giving rise tothe interest and attention of academics and practitioners on the theory and practice ofcorporate governance and internal control.In this paper, X Co., Ltd. in Chongqing City as a case study of its internal controlsexisting problems and seek countermeasures. X Co., Ltd. as one of the several majorautomobile manufacturers in Chongqing in recent years, rapid development, the growingsize become bigger and stronger own brand in the highly competitive domestic andinternational market environment, strengthen the construction of internal controlrequirements become more urgent. Company’s internal control construction is still in itsinfancy, there are still many shortcomings and deficiencies. Based on this, the internalcontrol theory and literature review on the basis of the analysis of X Internal Controlproblems and defects, and these defects constructive comments and suggestions to improvethe X Corporation Internal control system and implementation.The main characteristics and contribution of this paper is:use the latest research resultsfor internal control " A comprehensive risk management framework" and use case studies,field survey, literature collection methods to study the X Internal Control to discuss riskmanagement perspective, the internal control system construction.