Study On The Enterprise Evaluation Risk

Since China joined the WTO, the development of China’s market economy becomes more and moremature. While the enterprises as the basic unit of China’s market economy，They have to face the marketvary from minute to minute.The risks and management of uncertainty the enterprise faced is become moreand more big. At present, risk management has become the focus of enterprise management, an importantway to reduce and avoid the risk that is implementation of internal control. Enterprises to carry outeffective internal control, first to identify and measure the risk they face, therefore, risk assessment is theenterprise internal control basic and key.In recent years, Henan Province as the production of aluminum province of our country facing theincreasing challenges. The first is the state canceled electricity preferential policies industry; China’selectrolytic aluminum industry overcapacity; some enterprises have been transferred to the west our country,reduces the production cost of the enterprises. All of our province of electrolytic aluminum industry have atremendous threat, the enterprise wants to obtain the competitive advantage in this environment, access tolong-term development of enterprises, it is necessary to strengthen the internal control of enterprise, andstrengthen the premise of enterprise internal control is to carry on the comprehensive risk assessment ofenterprise. The establishment of a comprehensive risk assessment system to enterprise managementpersonnel to keep pace with the times, to master a set of risk evaluation system suitable for practicalproduction of the enterprise management condition, the comprehensive risk assessment of the risks of theenterprise, and take control of activity corresponding to the results of risk assessment, risk assessment intofull play basic role in internal control.At present, the scholars in our country have made many achievements of control theory and practice inthe interior, this is mainly because with the development of economy in China, the scholars and themanagers of the enterprise are increasingly aware of the necessity of internal control of enterprises. In2008,China has formulated the "basic norms of internal control", the specification to make full use of the fiveelements of COSO framework, the risk assessment is an important link of enterprise internal control. Butour country at present in the risk assessment of some problems still exist: the current research on risk assessment of literature have certain limitations, most studies are focused on commercial banks, the ITindustry, the information system risk; China’s control. Specification in the interior, no specific methods andevaluation clearly put forward the risk assessment standards, enterprise risk assessment are based on theirown experience in enterprise management, lack of objectivity.Through the study of domestic and foreign internal control theory, this paper takes a--riskassessment elements of internal control to carry out research. This paper uses analytic hierarchy process,Delphi method to construct a set of risk evaluation system. The system tried to use quantitative indicatorsspecific to the overall risk of enterprise design reflected, to lay a good foundation for enterprise internalcontrol. Taking M aluminum company as an example of risk evaluation, the risk assessment system isapplied to actual production and operation of enterprises. First of all, through the analysis of the internaland external risk, constructed the level model of the enterprise, the use of AHP level analysis method tocalculate the weight of each risk factor with respect to a level; then, by using expert scoring method andwall method respectively on the qualitative and quantitative index score; finally, on the basis of various riskfactors of enterprises the weight and score, calculate the value evaluation of venture, found that the overallrisk of enterprise at the middle level. Through further analysis on the risk assessment system, the enterpriseinternal control risk points are found mainly in the following aspects: production costs are too high, leadingto the main business profit is lower than the industry average, affect the net profit of the enterprises, reducethe competitiveness of enterprises; overcapacity situation of China’s aluminum industry, the price ofproducts in the business by the impact of implementing internal control; enterprise is not comprehensive,but the enterprise internal control on financial risk; enterprise risk assessment are generally carried outfinancial statement at the end of the year, not for enterprise risk monitor. According to the internal controlof enterprise risk, this paper gives the suggestions mainly include the following: the establishment of powerplant, control the production cost of the enterprise; to broaden the financing channels, reduce the financialcost of enterprise internal control; the implementation of full participation; establish the internal auditsystem; establish the evaluation mechanism of dynamic risk...