A Study On Internal Control Failure Of An Agricultural Company

In recent years,domestic and foreign companies exposed frequently financial fraud cases are shocking at the same time,but also exposed the failure of the internal control system and not sound.This makes the world more clearly aware of the importance of internal control.In this context,the United States in 2002 through the implementation of the Sarbanes-Oxley Act;in 2004,the United States COSO released the "enterprise risk management-integration framework." Countries around the world began to pay attention to internal control and risk supervision issues,and began a series of internal control of corporate restructuring.At the same time,in order to improve China’s internal control construction,our government is also committed to the construction of internal control and improve the work.In 2012,China began to require listed companies to fully implement the internal control system,the actual objective of the disclosure of internal control self-evaluation report and internal control audit report.Among them,a total of 2244 listed companies disclosed internal control evaluation report,eight listed companies within the control of major deficiencies,three internal control is invalid,four internal control audit conclusions for the negative opinion,A agricultural companies are listed on the list.As the first share of China’s agriculture,China’s agricultural first brand of state-controlled listed companies,A agricultural companies since listing in 2002,as of the end of 2016,successive receipt of the Commission rectification notice,warning,public condemnation and criticism,etc.Year,2013 is two consecutive years was identified internal control is invalid,so dazzling data behind the reflection of the A agricultural company’s internal control of a serious failure.A agricultural company as a negative textbook,with a typical and representative.First of all,this paper introduces the research background and significance of the paper,the literature review at home and abroad,the research ideas and research methods;Secondly,from the internal control of the connotation and characteristics of the introduction of the five elements of internal control and domestic and international control theory This paper introduces the characteristics of agricultural listed companies and the main problems of the internal control of agricultural listed companies.Then,the internal control failures of A agricultural companies are reviewed and analyzed.The impact of internal control failure and the response measures taken by A agricultural company and the results achieved.Fourthly,it analyzes the specific problems of the internal control of A agricultural company from the angle of internal control control factor.Finally,Control failure after the improvement of the existing problems,put forward their further suggestions for improvement.It is hoped that through the analysis of this paper,it can provide valuable reference for the internal control construction of listed companies,especially agricultural listed companies.