A Study On Internal Control Of Joypay Company

As the last line of defense risk,internal controls are important parts of enterprise management and the position is extremely significant.Not only the enterprise itself,but also investors,suppliers,the administrative authorities and the public rise higher stricter demands to internal control.So the study of internal control,to augment the business risk defense,has very important significance.In this paper,the case study method was used to make Joypay Company as the research object.Firstly,after scholars theoretical research results were presented and reviewed the internal control theory are outlined.Secondly,from the perspective of the five elements of the current status of Joypay Company internal control management conducted a detailed analysis,we found a series of problems such as Single organizational structure,there were no posts descriptions and performance appraisal standards,employee motivation over,low efficiency of the business section of the junction,and poor contract management.Thirdly,analyzed the reasons for its poor internal controls,mainly in three aspects: centralized ownership structure,lack of knowledge of internal control and enterprise resource constraints.At last,contacting the Joypay Company's actual situation,proposed five improvements including enhancing the internal control environment,heightening risk assessment,improving the internal control activities,redoubling information flows,facilitating the supervision and management mechanism.For hoping that these measures could contribute to the Joypay's internal control system to be adjusted,leading to the overall operation efficiency,enhancing core competitiveness.