Research On The Optimization Of The W Company's Financial Internal Control

At present,in the fierce market competition environment,the risks faced by enterprises show the characteristics of diversity and complexity.As a management tool to effectively implement organizational strategies and achieve organizational goals,internal control has become the only way to strengthen management,and it has attracted more and more attention from enterprises,government agencies and social organizations.The development of enterprises has put forward higher requirements for the financial management of W company.From the past simple accounting,accounting role,financial work gradually toward accounting,financial management,participation in decision-making,at the same time,the connotation and extension of financial work will be greatly expanded.It can be seen that financial control plays an important supporting role in the transformation of financial work.This paper firstly studies the internal control theory and financial internal control theory at home and abroad and combines the characteristics of trade enterprises with the specific situation of W company's financial internal control,so as to study and explore how to improve W company's financial internal control.Through the use of COSO framework theory,this paper studies the internal financial control of W company.The author believes that the main problems existing in the internal financial control of W company are as follows:The control environment does not meet the requirements;Weak risk management ability;Incomplete financial control activities;Financial internal control information and communication level still need to be improved;Lack of financial internal control supervision.The reasons for these problems are as follows: W company does not pay enough attention to financial internal control;Risk management professionals are in great demand;Lack of financial workflow;Information and communication modernization information construction is insufficient;The supervision consciousness of relevant personnel is not strong.Then,based on the analysis of the above problems and causes,this paper analyzes the improvement plan from the aspects of control environment,risk assessment,control activities,information and communication and internal supervision,and puts forward measures to ensure the implementation.