A Study On The Implementation Effect Of Internal Control In Listed Companies

Internal control is a crucial part of corporate governance,and is also the foundation and guarantee for the long-term stable operation of the company.Although our country has already implemented the internal control system in the company,due to the comprehensive effect of various factors,the internal control still has drawbacks and loopholes in the company practice.Among many companies in our country,listed companies are generally pillar enterprises in various industries in our country,and their internal control often affects the development of other related industrial chains.However,through the investigation of aerospace communication Group Company,it is found that the internal control effect of listed companies is not satisfactory,or there are relatively large defects or deficiencies,which need to be improved according to the internal control.In view of this,this paper takes the listed company Aerospace Communications Group as an example to study the effect of internal control.Based on the theories of internal control,fiduciary responsibility and information asymmetry,and taking the failure of internal control of aerospace communication group as the intervention point,this paper finds that the internal control audit report of aerospace communication group has repeated phenomena,the audit subject is constantly changing,and the internal control problems are not changed.Then,it analyzes the reasons for the internal control failure of aerospace communication group,namely,that the audit Committee of the company is not perfect,the supervision of subsidiaries and holding companies is insufficient,the risk control of the company is ineffective,the appointment of the same firm for audit is too long,and the punishment of the CSRC is too light.Finally,combining with the internal control failure cases of aerospace communications group,some revelations of this paper are obtained,i.e.advocating a sound corporate governance structure,i.e.perfecting the independent director system,perfecting the professional Committee of the board of directors and perfecting the secretary of the board of directors;To establish and implement an effective risk control system,i.e.to establish a sound financial internal control system,to strengthen financial risk assessment and to build an early warning system for financial risk management,to establish a comprehensive budget management system,to improve a sound fund management mechanism,and to improve a sound financial personnel management mechanism;Strict supervision and control of subsidiaries,i.e.strengthening the supervision of personnel arrangements of subsidiaries,strengthening the control of subsidiaries through the formulation of norms and assessment control,and strengthening the control of subsidiaries through corporate culture and contractual agreements;Strengthen national supervision,that is,strictly supervise the audited units and strictly supervise accounting firms.