Internal Control Improvement Research On Turnout Subsidiary Of China Railway Construction Industry Co.,ltd

In the last century,various countries in the West began to conduct a detailed study on the internal control system of the modern enterprise.Since its accession to the World Trade Organization in 2003,China has gradually increased its level of integration with the international economy.This also brings opportunities and challenges to CRCI(China Railway Construction Industry)'s turnout subsidiary,how to adapt to the development of market economy,put forward higher requirements for its internal management.In this case,the company's internal control is particularly important.This article elaborates on how to study and improve the internal control of the turnout subsidiary of CRCI from four aspects.First of all,this article introduces the background of the selected topics and the significance of the selected topics.By analyzing and summarizing the relevant documents promulgated by domestic and foreign government departments and relevant non-governmental organizations and the research results of theorists,the author introduces the concept,evolution history and elements of internal control in detail.The status quo of theoretical research has been put forward,and the research contents and research methods of this article have been put forward.Secondly,it introduces the general situation of the turnout company,summarizes the development history of the company internal control and the actual internal control operation of the relevant important departments at present,analyzes the existing problems and puts forward three points to analyze the reasons of the internal control problems.Thirdly,clear five principles of internal control.On this basis,the three aspects of optimizing the company's internal control environment,establishing and improving the risk prevention system,and strengthening the information communication system are optimized.The specific methods include: continuously strengthening and improving the corporate governa nce structure,improving the company's organizational structure,strengthening corporate culture construction,shifting from compliance auditing to risk-oriented auditing,gradually establishing a sound performance appraisal system,and establishing an ear ly warning system for overdue receivables,Establish a production quality risk control system and establish a financial risk control system.At the same time,it provides a guarantee mechanism for the implementation of internal control from the aspects of sound human resources policies,optimization of corporate development strategies,enhancement of employees' and management's awareness of internal controls,internal supervision of speeches,and improvement of internal risk supervision systems.At present,the internal control system has been implemented for a period of time by the turnout subsidiary of CRCI.From the aspect of information construction,it still has certain effects.In the long run,it can improve the efficiency of the company's work and further protect the company's compliance.The implementation of the system of internal control systems ensures the continuity between the parent company and the subsidiary company,and also provides a reference for the parent company to further improve the internal control system of the entire group company,which has a strong reference value.