Research On Internal Control Of State-owned Enterprise

Establish and improve the internal control system is an important way for enterprises to withstand external risks, improve management, prevent financial fraud and enhance corporate performance.Famous state-owned enterprise fraud case occurred frequently in our country, the enterprise internal control was be concerned, the accounting information distortion, illegal,asset loss often stems from the lack of the state-owned enterprise internal control or does not reach the designated position.Overall,although competitiveness is growing through years of reform and development in state-owned enterprises, but the internal control work is still in its infancy. SASAC puts forward commissions such as state-owned enterprise internal control framework, the ministry of finance issued the"enterprise internal control basic norms" and form a complete set of guidelines, providing a clear and specific operational guidance for state-owned enterprises to establish the internal control system. Internal control in some central and local state-owned enterprises has been carried out in accordance with the regulatory requirements for internal control construction, but most of the state-owned enterprises neglect the importance, causing the internal control mechanism is hard to play.At the same time,less research on the theory of the internal control according to the characteristics of the state-owned enterprises.Based on the basic theory of internal control and the characteristics of state-controlled port enterprise management, We investigate D company through interview and questionnaire, focus on the corporate level related control, fixed assets, projects under construction, the financial reporting process and capital business.Through describing company internal control,existing problems and analyze the causes,the proposal for D company was provided,such as improving the internal environment, standardizing the procedures of risk identification and assessment. The main processes involved in the operation and management activities was designed on the theory of process reengineering.At the same time,the paper focus on information systems and the role of internal supervision of internal control.Finally, put forward suggestions for construction of internal control system of our country state-owned enterprise, expect to promote the efficiency of management and improve the value of state-owned assets.