Research On The Assessment And Optimization Of The Internal Control Of Y Group Capital

Besides the quality of products and services, enterprises put their focus on the internal management of enterprises in order to strive for survival and development in the severe market competition in modern society. The core of internal management is internal control. Rational and effective internal control helps prevent frauds and improve the working efficiency, enabling the smooth operation of operating management in enterprises and helping achieve the strategic goals of enterprises. Monetary capital is the operating blood of enterprises, which is characterized by high uncertainty, strong liquidity and low security. It is also the capital with the highest control risk. Therefore, the internal control of monetary capital is the core of internal control activities.Therefore, referring to the overall COSO risk management framework, the author of this thesis sorted out and assessed the internal control design of the capital of Group Y from8aspects according to her practical work experience in the Group. The aspects include internal environment, goal setting, risk identification, risk assessment, risk handling, control activity, information and communication and internal supervision. The loopholes and defects of internal control design with respect to the capital were found out and the weaknesses were remedied and revised. The main content of this thesis contains the following three points. First, the design concept and specific operations were introduced with respect to the internal control of the capital of Group Y. The design philosophy of the all-in-one internal control system in the Group was expounded. The current situation of the internal control of the capital in the enterprise was presented in line with the design concept of organizational governance, management institutionalization, system procedure and procedural informationization. Second, an analysis was made with respect to the defects and weaknesses in the establishment of the capital internal control system in the Group. In combination of the8factors concerning the overall COSO risk management framework, the defects in the design of the internal control system of enterprise capital were found out. Third, the relevant suggestions and measures were put forward to improve the internal control system of the capital in Group Y. They mainly involve the matching of rights and obligations, optimization of the Group strategies and internal control goals, identification of risks, perfection of risk handling measures, supplementation of information communication channels, and so on.On the basis of the case study, namely the research on Group Y, the thesis achieved two goals. First the design concept were introduced with respect to the internal control of the capital of Group Y for reference for other similar enterprises; Second, the thesis focused on helping enterprises find the problems with the system of capital internal control and offers the solutions to them.