Research On Internal Control Of KS Supermarket

Accompanying with the economic and social development,the scope and size of the business entity has become so complex and widespread that management must rely on numerous reports and analyses.The internal control is given much more importance.US Congress published SarbanesOxley Act in 2002.From 2008 on,the Ministry of Finance and other five ministries in our country have jointly issued the Basic Standards of Internal Control and the Internal Control Guidelines,which represents that the internal control system for Chinese enterprises have been set up.For Chinese large and medium-sized enterprises how to set up internal control of their own in accordance with the Standards and the Guidelines and how to enforce their own internal control to safeguard the assets to ensure reliable financial reporting to ensure that the enterprise complies with laws and regulations significance a lot.Around with this theme the author provides study of planning of the internal control of a private enterprise named KS Supermarket.KS Supermarket is a subsidiary company of KS Group,it lies a leading position in retail business in HY Province.There are loopholes and weaknesses in its daily business,which can be seen as a lot of problems.Referring to the current problems,combined together with its regulations,getting information of the current situation of the internal control,giving analysis to internal control components,to plan the new internal control system is the general thinking of the study.The author classified accounting works into business language and a kind of art,and according to this classification,defined the scopes to be regulated by the group or by the supermarket.By the analysis of the control environment,risk evaluation,controlling activities,information and communications and supervising,they improved KS Co's internal control and offered a lot of proposals beneficial.The study on the internal control of KS Co.helps to prevent loss of resources.It can help ensure reliable financial reporting.And it can help ensure that the enterprise complies with laws and regulations,avoiding damage to its reputation and other consequences.In sum,it can help an entity get to where it wants to go,and avoid pitfalls and surprises along the way.