Research On Internal Control Of Small And Medium Sized Private Enterprises

In 2008,China issued the basic regulations on internal control of enterprises and relevant supporting guidelines.However,this document is mainly aimed at large and medium-sized enterprises.It is not widely applicable and ignores the large number of small and medium-sized private enterprises.In order to carry out the relevant requirements of the Party Central Committee and the State Council on "stabilizing growth,promoting reform,adjusting structure,benefiting people's livelihood and preventing risk",the Ministry of finance has promulgated the internal control of small enterprises in June 2017 by guiding and promoting private enterprises to strengthen internal control construction and enhance the management level and risk prevention ability of small and medium-sized enterprises.Specification(Trial Implementation)will be formally implemented in January 1,2018.It can be seen that the state pays more and more attention to the internal control of small and medium-sized private enterprises.The private economy has always been an important part of the market economy.In the tide of China's economic development,its status and contribution is indispensable,whether it is in the past,now or in the future.Under the continuous policy and support of the state,private enterprises have made rapid development.However,the small and medium sized enterprises in our country still have the problems of weak risk resistance and lack of standardized financial management.The more serious is that the average life span of small and medium-sized private enterprises is only 3 and a half years,and its life is so short that it is so short.One of the reasons is the lack of its internal control system.In order to promote the healthy and sustainable development of small and medium-sized private enterprises,it is imperative to establish and perfect an adaptive internal control system.First of all,this paper introduces the characteristics of private SMEs,the requirements of internal control norms,development characteristics and related theories of small and medium-sized enterprises,which lays a theoretical foundation for the study of internal control of private SMEs and provides an analytical framework.Secondly,through the questionnaire survey of a number of private SMEs in Jiang du District of Yangzhou,the analysis of the results and the reading of a large number of relevant literature summarized the status of internal control of private SMEs,and from the internal environment,risk assessment,internal control activity,information and communication,and internal supervision It also expounds the comparison between the internal control of large enterprises.Finally,on this basis,we select one of the small and medium enterprises(Z company)to conduct in-depth interviews and detailed studies,and then combine the contents of the internal control standards of small enterprises(trial run)issued by the Ministry of Finance in June 2017,and provide appropriate countermeasures for the establishment of reasonable internal control for private SMEs.