Study On The Internal Control In Equipment Manufacturing Listed Company

In recent years,China's socio-economic development has become faster and faster,and the social and economic environment for the company's survival and development has become more and more complex.Many scholars have conducted in-depth research on various aspects of internal control of the company.At the present stage,China's manufacturing industry has played a pivotal role in the country's economic development,providing continuous impetus for social and economic development,and the manufacturing industry is represented by the equipment manufacturing industry,which has unique industrial characteristics.For example: The early equipment investment is large,the process is complex,and it is a capital-intensive company.In this industry,the effective implementation of the perfect internal control system can achieve the goal of reducing the company's business risk and realizing the long-term development of the basic industry.First of all,by combing the relevant literature of many scholars at home and abroad,this paper finds that scholars at home and abroad have made great achievements in many aspects of internal control in recent years.However,each industry has its own particularity and can not generalize.At this stage,internal control research is less involved in the subdivision industry,especially the representative equipment manufacturing industry.Secondly,from the two aspects of the internal control status and characteristics of the company in the industry,the paper summarizes the characteristics of the industry such as the large scale of production and operation,complex process,dense technology and labor force,and fierce market competition in the face of the industry,and is accompanied by greater risks.At the same time,the internal control of the company in the industry has a high degree of complexity,more attention to process control and personnel control,control methods such as diversity.Collecting data on the internal control of listed companies in the industry,and conducting descriptive statistics,it was found that the overall level of internal control of companies in the industry was not high,and there were generally problems such as weak control environment,imperfect system construction,poor information channels,and insufficient actual implementation.The reason is that the company's high-level internal control awareness is weak,the degree of attention to the construction of internal control is not enough,the company has not yet formed a complete risk control system,and there is no assessment mechanism and evaluation system.Thirdly,based on the theory of internal control,the author analyzes the current situation of internal control of the case company K from two aspects: internal control at the general level and internal control at the business level.It is believed that the internal control of the company has problems such as the lack of independence of the audit department,the lack of a permanent risk control department,the lack of a risk management culture,the inadequacy of business processes and systems,the implementation of control measures,and the failure to establish a compensation assessment mechanism linked to risk.Finally,according to the problems in the internal control of the company,reference is made to the domestic and foreign advanced internal control theory,how to effectively improve the company's internal control related conclusions,so as to provide a reference for the establishment of a complete internal control system for the industry companies in China.Through this study,the author believes that the implementation of scientific and effective internal control can promote the healthy and sustainable development of China's equipment manufacturing companies and achieve the goal of permanent development of the basic industry.In order to strengthen the internal control of equipment manufacturing companies,company managers should start from the following two aspects: the general level and the operational level,and should focus on organizational structure governance,supervision and management,information systems,business process control and risk prevention.Perfect the company's internal control system.Only if the company's system can be truly implemented can it provide positive impetus for the development of the company.The characteristics of the equipment manufacturing industry determine that the risks faced by companies are more complex than those of other industries.Therefore,sound and effective internal controls are particularly important for companies in the industry.Through the research and exploration of selected typical case companies,combining the National legal requirements and the existing advanced research results,this paper draws the research conclusions for reference for companies in the equipment manufacturing industry in China.