Research On Internal Control Problem Of A Electric Power Company

In April 2002,the State Council promulgated the "power system reform program",which opened the prelude to the reform of the power system.Today,with the continuous progress of the power system reform,the market participants will gradually increase in the power industry.So,electric power enterprises need to improve their management level to cope with the increasingly fierce competition environment.Internal control is very important to modern company management,which plays an important role in the accounting norms of power enterprises,maintaining the safety of electric power enterprise assets,prevent power business risk,improve the management level of electric power enterprises.Under the background of the power system reform and the rapid development of market economy,in order to promote the development of electric power enterprises and maintain the safety of state-owned assets,it is necessary for electric power enterprises to establish a perfect and strict internal control system.Based on the above contents,this paper introduces internal control from the aspects of COSO internal control framework,basic standards of enterprise internal control and COSO risk management framework.After understanding and mastering the relevant theories of internal control,this paper takes A electric power company as the main research target,and finds out the problems in its internal control after understanding the current situation of internal control of the company.After classifying these problems according to the five elements of internal control,it is found that these three elements are mainly controlled environment,control activities and supervision.Specifically,in terms of control environment there is a lack of awareness of risk management and risk management,full coverage of existing internal control cannot adapt to the needs of human resource management,in financial reform reduced loopholes and other issues;in the control activities of the project cost and poor financial management and control,electricity management deficiencies,production safety management deficiencies employee attendance management loopholes,the power control service is defective;and the problems of supervision is lack of effective internal supervision.According to these specific problems,the paper put forward to enhance the awareness of risk management and strengthen comprehensive risk management,promoting financial intensive mode of the construction of internal control,improve human resources management,strengthen the construction cost and capital management and control efforts,make up the electricity management defects,improve the production safety management,strict management of employee attendance,to compensate for the defects of power in the service management and improve service level,establish and improve the internal audit mechanism and improvement suggestions.It is hoped that this case can help the construction and implementation of the internal control system of electric power enterprises in China.