Research On The Internal Control Problems And Countermeasures Of HC Company Fixed Assets

In recent years, major economic loss in developed economies or even bankruptcycases of enterprises due to internal control defects meet the eye everywhere, and thedevelopment of enterprise internal control theories has significantly lagged behind thesocial and economic, so the internal control gradually attracts the attention of all parties.With the deepening of China’s reform and development of market economy, theinternationalization pace of enterprises has been accelerated, and the theory of internalcontrol in our country has also been developed. In2008, the "basic norms of internalcontrol" was promulgated, and in2010the "enterprise internal control guidelines" waspromulgated and enforced in China. The United States launched the "COSO internalcontrol framework" and "Sarbanes-Oxley act". Chinese enterprises urgently need using theframework of internal control guidelines and requirements to regulate the management ofthe enterprise.This paper is based on the "basic norms of internal control" and "internal controlguidelines" issued by national five ministries, refers to foreign COSO theory, balance andtakes into account four attributes of fixed assets, namely physical attribute, attribute ofvalue, benefit attribute, cost attribute. It evaluates the internal control of case company’sfixed assets according to the whole life cycle of fixed assets, namely, the acquisition offixed assets, use, upgrading, inventory and disposal as the evaluation context. It also findsout the insufficiency and flaw of the internal control of case company’s fixed assets andprovides the improvement measures and suggestions, to promote preservation, valueincrease and effective usage of case company’s fixed assets and also to reduce the risk ofenterprises’ operation, and thus improve efficiency.This thesis consists of six parts. The first part is the introduction, which introduced the research background, purposeand significance of thesis, reviewed research at home and abroad, and summarized themain content and innovative points of the dissertation;The second part introduces the basic situation of the case company;The third part investigates the basic situation of internal control of fixed assets of thecase company;The fourth part addressed problems in internal control of the case company’s fixedassets and analyzed its causes;The fifth part proposed solutions to specific problems in internal control of thecompany’s fixed assets;The sixth part is the conclusion, which summarizes the research results of the paperand points out disadvantages and future of the current research.