Research On The Application Of Internal Control System In China 'S Enterprise M&A Process

Internal control is an important means to improve the management of enterprises,but also an important way for enterprises to prevent and control the risk of operation and management.It plays an important role in the sustainable development of enterprises is irreplaceable.M&A is an important way for enterprises to become bigger and stronger,and they play an increasingly important role in the development of enterprises in China.However,this article aims to analyze the risk points in the M&A process and apply the methods and ideas of the internal control to the risk control of the M&A process to help the enterprises achieve the M&A target.I use case analysis mainly in this article.First of all,I summarize the theory of internal control and mergers and acquisitions;Secondly,I divided the enterprise's acquisition process into the preparation stage,the implementation stage and the integration stage,and analyzed the risk points of each stage,and then set up internal control measures for each risk point to control the process risk effectively,and form the internal control system of M&A framework design ideas;Then,I analyzed three sets of cases,each case has a major case reflects the risk of each stage,and a comparative case to provide reference experience.There are many risk points in the entire acquisition process of enterprises,these risks are closely related to internal control of the enterprise,and often directly affect the success or failure of corporate mergers and acquisitions.The generation and development of China's mergers and acquisitions behavior are later than Europe and the United States The research on M&A of our country is still in the initial stage.Most scholars' research on mergers and acquisitions focuses on the research on M&A risk control and M&A performance.And few studies have used the methods,systems and ideas of internal control in the process of M&A to control the risk of M&A process.Therefore,this paper intends to analyze the risks existing in the M&A process and introduce it into the internal control system.Enterprises can control the process risk effectively to achieve both the internal control objectives and M&A objectives through using internal control system.