Research On Problems And Improvement Of Related Party Transactions In A Company

Related party transaction is a kind of complex economic phenomenon,which is caused by the development of the relationship between the corporation and the related parties.Related party transfer market transactions into internal transactions,which can not only reduce the transaction cost,but also obtain the cooperative effect so as to enhance the enterprise value.However,Unfair related transactions will not only affect their operating capacity and solvency,but also hinder the company's external financing channels because of the difficulty of providing security to creditors and minority shareholders and other stakeholders interests.Therefore,the standardization of related party transactions,is an important guarantee for rapid development of the company.A company's main business section is producing and saling salt products.In the initial public offering and listing of its audit(IPO audit)we found that its related party transactions have some irregularity.In the short term,it will affect the process of listing,and in the long run,it will erode the value of the enterprise.Through researcheing A company,in reference to the domestic and foreign scholars's research,the corporate governance structure of the history and the frontier and the system is not perfect internal control,information disclosure system is not perfect,lack of control and management,occupation managers lack the related marketing than the major,the transaction price is not fair,accounting is not clear,without consideration of related guarantees and capital consumption seriously analyze the problems such as caused by the presence of A company's related party transactions,combined with the company's actual situation and the salt market.Specification for the construction of the internal control system of enterprise reference requirements,from strengthening the independence of the company and improve the corporate governance mechanism,construction Establish and improve the internal control system of related party transactions,pay attention to the accuracy of accounting treatment and the introduction of professional managers from five aspects,and put forward practical and effective measures.This article stand on the actual situation of A company,set the special background of state-owned enterprises as the premise,combining the related party transactions theory with specific circumstances of the company,will be standardized into the whole process of related party transactions,to find out the analysis of the causes of Trade Association of A company in question,and proposed the the standardization program,to standardize the related party transactions of A company.The content of the study has reference significance to other large state-owned enterprise groups with the same problem.