The Petro China Huabei Oilfield Company Comprehensive Budget Internal Control Case Study

In2004, USA promulgated "Sarbanes Oxley" bill, the research system of internal controltheory in the world have become mature. Our country in2008by the Ministry of Finance andother five ministries promulgated the "basic norms of internal control",2010issuedsupporting guidelines, together constitute the internal control system of our country. Becauseof our country’s internal control research started relatively late, at present our country’sinternal control research also exist some problems, especially in the integration of theory andpractice of enterprise internal control, there is great improvement space. As an internal controlmeans guidance, comprehensive budget and internal control is consistent throughout thewhole goal, through the distribution of the right to establish a set of complete andcomprehensive budget management system, can ensure the effective implementation ofinternal control. Scientific budget management system, can make the method and strategy ofinternal control is more perfect, in order to improve the application level of internal control.Based on this perspective, this paper analyzes the implementation of internal control in PetroChina Huabei Oilfield Company comprehensive budget, in order to in the case of internalcontrol for reference to provide internal control construction in china.This paper uses the method of case analysis firstly introduces the background andsignificance of this topic, and then summarizes the internal control and budget documents athome and abroad, points out the research contents and methods of the article, and possibleinnovation. Then the paper layers of in-depth analysis of the Petro China Huabei Oilfieldcomprehensive budget internal control. First introduces the basic theory of internal control isthe asymmetric information theory, control theory, the principal-agent theory, and then thecomprehensive budget control background of Petro China Huabei Oilfield Company areintroduced, the overall framework of big budget management context. Then by the analysis ofthe control of each link, the main organization, the enterprise strategic target, index system,budgeting, budget process control, budget evaluation, information platform, the budgetguarantee of eight parts. At the end of the Petro China Huabei Oilfield Company comprehensive budget problems in the implementation and improvement of internal controlmeasures are.