A Case Study On Internal Control Of M Construction Corporation In China

The establishment of perfect internal control system is a key way for the enterprise to promote efficiency,enhance strength and reduce risk,and is one of the important measures to ensure enterprise strategic target implementation,and is of great significance to the survival and development of the company.The internal control management is becoming more and more significant as the development and globalization of China's economy.Since our China's Chairman Xi proposed 'One belt,one road' in 2013,construction enterprises have played an important role in business increase in overseas contracted projects.Promoting the construction of internal control system of construction enterprises is not only to ensure the safety and value-added of assets,but also to ensure better implement the strategy of going global and continue to push forward the implementation of the policy of "one belt and one road".Based on the study of internal control theory,this paper mainly focuses on five factors of the internal control theory.By interviewing and investigating those who have profound understanding of overall operation and production process of the company,combining with the practical experience of participating in the external audit of internal control of M Construction Corporation for many years,this paper makes a comprehensive investigation of the actual status of internal control of M Construction Corporation.The paper considered and analyzed the designation of the internal control of M Construction Corporation to find out the problem and analyze the causes,to strive for the company to formulate a set of targeted and practical internal control system.The conclusion of the paper is that internal control is a powerful guarantee to enhance the management level of enterprises.The establishment of a complete,reasonable and efficient internal control system can effectively help enterprises to realize comprehensive risk management,improve the accuracy of business management decisions,and promote the early realization of the strategic objectives of the enterprise.Of course,the establishment of the internal control system of the enterprise cannot be once and for all.It can be seen that the construction of the system is the foundation and execution is the key.The enterprise should strengthen the importance of internal control,increase the support of manpower,material and financial resources,and improve the incentive mechanism of rewards and punishments,constantly adjust and improve with the changes of complicated internal and external environment,to ensure internal control system to keep pace with the times.At present internal control research mostly concentrates in the industries of finance,commerce and manufacture and so on,the internal control research on the construction industry is very limited,and the related research on the combination of theory and practice is even more insufficient.As the internal control loopholes of M construction enterprise are widespread in most construction enterprises,these suggestions are also universal.Therefore,hope that it can bring new inspiration to improve the internal control of the construction industry enterprises.