Optimization Research Of Internal Control System For HYST

The theory and practice of internal control now has great developmentwith the promotion of business, management, auditors, governmentregulators and even international regulatory organizations. However wehave encountered many problems in understanding and application ofinternal control after the framework about Eight Elements was proposed byCOSO in2004(Internal Environment, Objective Setting, IssuesIdentification, Risk Assessment, Risk Response, Control Activities,Information and Communication, Monitoring).Therefore China’senterprises in the initial situation must make great efforts to catch up pacewith the development, and so strengthen the construction of internalcontrol has become an urgent practical task of enterprises in our country.Firstly, this paper systematically describes the management theory ofcomprehensive risks and enterprise internal control theory, then based onthe investigation and analysis concerning the present status of HYSTinternal control as well as combined with the actual situation of theenterprise internal control, and optimizing internal control system for acertain degree from the strategic management, operation management,financial management, legal affairs and other aspects, which providetheoretical exploration and practical guidance for internal control and riskmanagement.