Research On Internal Control Of Material Procurement Of X Electric Power Company

Internal Control plays an important role in the management of the modern enterprise.In recent years,it attracting more and more attentions of modern enterprise,but Internal Control in Chinnese enterprises is still in the primary stage,regardless of the formulation and implementation of Internal Control,there is a big gap between Developed country,in some degree it restricts the healthy development of domestic enterprises.At first,this paper briefly describes the purpose and significance of the study of Internal Control and research on domestic and foreign scholars.Second,summarized Internal Control theory,and the theory of COSO Five Elements is emphatically elaborated.Third,according to the collected data,bried us on the status of materials purchasing for the X Electric Power Company,the existing problems were analyzed from five perspectives: Control Environment,Risk Assessment,Control Activities,Information and Communication,Monitoring Activities.At last,using the theory of Internal Control,aiming at the problems of the company material purchase,new solution has been proposed.The paper is based on the theory of COSO Five Elements,put forward to control environment of corporate governance structure,the overall quality of staff and human resources policy as the core;the importance of risk assessment and gives a feasible risk assessment of construction project;settlement funds to purchase plan approval,supplier relationship management,procurement contract,the delivery of goods acceptance and procurement of the five major risk points to focus on improving control activities;make use of the material information system to promote the information communication of procurement internal control scheme;pointed out that improving the supervision system and supervision and inspection needs to establish a clear way.This paper tries to build an effective internal control system of materials procurement,and hopes to improve the internal control of the X power companies to promote the internal control,and can provide reference for other enterprises in the same industry.