Research On Internal Control System Of Hunan Zhongwang Engineering Machinery Co.Ltd.

Many problems appeared in the operation and management of some famous companies at home and abroad in recent years so as to bring enormous loss carry high costs to them. One of the primary reason of these problems lies in the invalidation of internal control. To study corporate internal control and set up their internal control system is the requirement of improvement of enterprise management level under the increasingly fierce market competition. It is of value and guiding significance in internal control system and its implementation of the enterprise all levels of personnel.This article firstly introduces the background and significance of the research on corporate internal control, analyses status both at home and abroad, determines the content, framework and theoretical basis (COSO Framework,SOX404Act, Corporate Integrated Framework of Risk Magement, Internal control system and related laws in China),and therefore integrated internal control system. Secondly, it studies the internal control in Hunan Zhongwang Engineering Machinery&Equipment Co., Ltd.(hereinafter referred to as "hunan zhongwang").We make empirical analysis of hunan zhongwang’s present situation in internal control, and therefore look into its problems combining with our investigation. Based on these, the optimization measures are designed, which include objectives and principles, factors considered, hierarchical structure and operation mechanism. Finally, it puts forward the implementation guarantees from the aspect of organization, personnel and regimen.