A Study For The Improvement Of The Current Internal Control System For ZC Company

With the development of the theory and practice of internal control, the internal control gets more and more concern and attention. American COSO Committee issued the “Internal Control Integrated Framework” and “Enterprise Risk Management-Integrated Framework", which is the most authoritative framework for the modern theory of internal control.In recent years, five ministries and commissions like the ministry of finance released successively the enterprise internal control basic standard,application standard,evaluation guidance, audit guidelines to direct internal control of enterprises,by using the COSO internal control framework for reference. Especially the release of "Basic Standards for Enterprise Internal Control" in 2008,and "Enterprise Internal Control guidelines" in 2010 for Chinese enterprises with international standards marks the establishment of the internal control system in China, laid the foundation for Chinese enterprises to adapt to the development of the world economy, improve risk response capacity, and to achieve the long-term development. However, the implementation of internal control still need to investigated. For the listed companies, which the regulations require the implementation of internal control, the implementation of Enterprise Internal Control mere formality, not service enterprises development really; While for the non-listed companies, the regulations do not require the construction of the internal control system. The construction of the internal control system first need to pay attention to it, strengthen risk awareness, in order to ensure that the construction and implementation of internal control. Due to the internal control of companies still in the initial stages of construction, how to build a consistent with regulatory standards and effective internal control system has become a serious problem in many companies.This article divides into 5 chapters’ as follows:The first part is the introduction, which introduces the research background, research significance and the literature review. The second part is the theory part, for the back to the internal control evaluation and analysis provides the theoretical basis’ separately from the internal control definition, theoretical basis and framework. The third part introduces ZC company’s basic business and the internal contro information The fourth part is the analysis for the development of internal control in ZC company at present, which perform a deeper analysis for the widespread problems of internal control at present in our country and the reasons for problems existence. The fifth part is the countermeasures and proposal to enhance the enterprise internal control. Suggesting my thinking for development of internal control in our control presently from two parts: enterprise system construction and the five elements of internal control.