Research On Internal Control System Optimization Of Tianjin Tangg Sino-french Water Supply Company

Internal control is the inevitable outcome of the modern enterprise management, it runsthrough the whole process of company management, it now has becoming the main managementmethods and means of modern companies, which being widely used by more and morecompanies to cope with the increasingly fierce market competition, to guard against the marketrisks, etc. At the same time, the internal control is also the implementation of realizing the goalof corporate strategy management and controlling the corporate strategy risk.Facing theincreasingly fierce market competition, if Tianjin Tangu Sino-French Water Supply Companywants to enhance its competitiveness, it must strengthen the internal control system. Althoughthe company has gradually built the company’s internal control system, but there were manyproblems of the internal control work still to be deal with yet.The paper starts from the Research status of internal control. Then it expounds developmenthistory of internal control theory, and the research actuality in our country. Based on all above,the paper analyses the current situation of internal control of Tianjin Tangu Sino-French WaterSupply Company from five aspects which are control environment, risk assessment, controlactivity, information communication and monitoring and recognize the problems which thecompany has. And then it builds evaluation system of internal control of Tianjin TanguSino-French Water Supply Company based on COSO. At last, it points out a series of steps toconstruct and perfect the system basing on the five constituent elements of the internal controlsystem which aims at the emerged problems. As an exploration of the construction of internalcontrol system inTianjin Tangu Sino-French Water Supply Company. It not only can guide theactual implementation ofTianjin Tangu Sino-French Water Supply Company, but also is a directreference for other Tianjin Tangu Sino-French Water Supply Company to build internal controlssystem. This article suggests that, Tianjin Tangu Sino-French Water Supply Company should payattention to the following aspects which including target orientation, organizational guarantee,internal control system, internal control process, internal control evaluation process, tostrengthen the control environment, risk management mechanism, information communicationmechanism, internal supervision, corporate culture and business operation process construction.