Internal Control Issues And Strategies Of Sinovel

Internal control is after the end of the 18 th century industrial revolution,Large-scale enterprises and social capital products.By the early 20 th century,with the rapid development of productive forces and the capitalist economy,expanding the scale of business.In particular,shares of this company in the form of business organization appear.Leading to the separation of ownership and management rights.It produced a situation of asymmetric information.In order to prevent fraud in the management,achieve pre-established business objectives,protect the interests of investors,Internal control system on the breeding and birth.In China,internal management as an system has been explicitly written into the relevant laws and regulations,or nearly 10 years of business.Rapid economic growth,most of the internal control unit is relatively weak,management is lax,and even appeared in a number of new criminal cases.To cut this situation,government departments started research and development of internal control regulations and guidelines,followed by the Ministry of Finance,Securities Regulatory Commission and other departments jointly issued the “Basic norms of internal control” and supporting “Application Guidelines for Enterprise Internal Control”,“Listed internal control guidelines”.Today,internal control has become the core of modern enterprise management,internal control is a control mechanism when the modern enterprise management of economic activity widely adopted,sound and effective internal control is seen as a modern economic enterprises to strengthen management,improve economic benefits,security of financial information is true and reliable,to protect the safety and integrity of assets,as well as effective means to achieve corporate strategic objectives.However,our enterprise internal control construction is still in the exploration phase of the test,whether internal control standards or the development of internal control practice level,there is a certain gap with the United States and other developed countries,has become the bottleneck of healthy development of enterprises.Therefore,the strengthening of internal control is necessary.In view of this,this article from domestic and foreign scholars on the study of internal control and internal control relevant theory to Sinovel company,for example,a study on Enterprise Internal Control.In this paper,theoretical research and case study method of combining,first introduced the theory of internal control from the definition of internal control,the nature,content,principles and action in five areas,then Sinovel company,for example case studies.Research process,starting with Sinovel internal control deficiencies talk,introduced the basic situation and development process Sinovel,and then according to the internal control theory,combined with their own particularity,respectively,from risk management control measures,information communication and monitoring five aspects pointed out specific problems Sinovel on internal control;then reason China Sinovel deficiencies in internal control analysis,according to the internal control theory,respectively,from risk management control measures,information and communication monitoring reveals five reasons Sinovel problems in internal control;Next is Goldwind on internal control lessons learned,the basic situation of Goldwind,but also from the internal control environment,risk management,control measures,information communication and monitoring five aspects analyzed Goldwind successful experience.Finally,China Sinovel internal control recommendations for improvement,discusses Sinovel on internal control recommendations for improvement as a whole to explain problems through the first few chapters in China Sinovel internal controls,as well as the existence of cause of the problem analysis,We discussed measures to improve internal control issues.Internal control as a value control and integrated control,has become an important part of modern business management,it is the central part of modern business management.Improve the system of internal control,for the management of Chinese enterprises has far-reaching theoretical significance.