Research On Enterprise Value-create Oriented Internal Control System

The late start of the internal control, the development is far behind the western countries,from the beginning of the internal accounting control of the initial, to the Basic Standard forEnterprise Internal Control and its supporting guidelines issued, and gradually formed internalcontrol systems corresponds to the China’s enterprise management.The primary goal of theenterprise survival and development is to create value and maximize enterprise value,internal control is one of the important means to strengthen enterprise management, should beconsistent with the enterprise’s development goal.And the existing financial reporting oriented,risk management oriented internal control there are big defects:too much emphasis on thefinancial statements of security, overly conservative attitude towards risk, which greatlyhampered the healthy development of enterprises. Therefore, the choice of internal control inline with the goal-oriented modern enterprise development to guide the management of ourenterprises, constraint management behavior,has become a practical issues that we urgentlyneed to solve.In this paper, the creation of enterprise value-create oriented internal controlresearch in this important subject, further study of construct to create enterprise value-createoriented internal control system, better play to the internal control system has the function ofvalue creation, insure the enterprise to achieve the ultimate goal of value maximization.Chapter one first introduces the research background, significance of thisarticle,literature review at home and abroad, this paper research methods and innovationpoints,and lists the structure of the article.The second chapter discusses the concept of internalcontrol theory and its origin and the function, relevant theory of enterprise value and thetheoretical basis of value-create oriented internal control.The third chapter from a differentperspective demonstrates in detail the close ties between internal control and enterprisevalue,and laid a solid foundation for the following research.At the same time,clarifies thenecessity of constructing the value-create oriented internal control, firstly analyzes the defects of financial reporting oriented and risk management oriented internal control; On thebasis of the analysis of the limitations of the two, illustrates the potential of value-createoriented internal control,to build internal control system provides a space fordevelopment.The fourth chapter according to the design principle of internal control,designthe value-create oriented internal control system, and the elements of the framework for newdefinition and elaboration.Finally,combined with the actual situation of our enterprise internalcontrol, puts forward some suggestions and measures for the internal control system, in orderto achieve the goal of enterprise value maximization.