Multiple Case Studies On Internal Control Of Capital Activities Of Listed Companies

In recent years,the downward pressure on the economy has increased,the pressure on corporate performance has increased,and driven by interests,the fraud motivation has also increased.As the source of various economic activities,capital is also the most commonly used in the process of enterprise circulation.Because of its strong liquidity,in the process of capital income and expenditure of enterprises,it is more likely to be accompanied by malpractice,which hinders the normal production,operation and development of enterprises.In April 2010,the Ministry of Finance and other five ministries and commissions jointly issued the guidelines for the application of internal control of enterprises,and separately formulated No.6 Fund activities,in order to standardize the work flow of each link of internal control of fund activities.It can be seen that the internal control of capital activities has played an important role in the internal control system.It can effectively manage capital problems and prevent capital risks in the process of enterprise development.Therefore,by improving the internal control system of listed companies' fund activities,it is conducive to the standardized management of listed companies' funds,and it can also prevent the occurrence of manufacturing fraud from the source of fund activities,so as to purify the market environment.Based on the principal-agent theory,cybernetics and fraud triangle theory,this paper studies the internal control of capital activities of listed companies.First of all,the relevant research results of internal control and fund activities internal control are sorted out;then the fund activities of three listed companies,Kangmei Pharmaceutical Co.,Ltd.(hereinafter referred to as "St Kangmei"),Kangde New Composite Materials Group Co.,Ltd.(hereinafter referred to as "* ST Kangde")and Furen Pharmaceutical Group Co.,Ltd.(hereinafter referred to as "St Furen")are sorted out This paper analyzes the existing problems and sums them up as follows: the non operational occupation of funds by related parties,the virtual increase of funds through fictitious business,and the deposit and loan of funds.Through in-depth analysis of the causes of the problems in fund activities,it is found that the fund management of the three listed companies is not standardized,and the control of fund-raising investment and fund operation is urgently needed;secondly,the company's senior professional integrity is missing,and there is a single dominant,decision-making is arbitrary;at the same time,the internal control and supervision of fund activities are weak,and the company's illegal fund activities are not It is restricted and lacks independent supervision mechanism.Finally,in view of the above reasons,this paper puts forward suggestions to improve the internal control of capital activities of listed companies: first,standardize capital management,through strengthening the control of each link of capital activities and focusing on controlling the scale of liabilities;second,strengthen the supervision and accountability system for the management to prevent the company's assets from being misappropriated;third,improve the internal control audit system of capital,through strengthening the independence of internal audit department and ensuring the implementation of reward and punishment system.At the same time,I hope that through the research on the internal control of capital activities of listed companies,we can provide some referential suggestions for the construction of internal control of capital activities of other listed companies.