Research On Internal Control Management Of DY Company Based On COSO Framework

With the process of economic globalization and the increasing degree of openness,Many domestic companies are stepping onto the international stage,ringing the nyse and Nasdaq bells.However,at the same time,these enterprises are required by various domestic and foreign regulatory agencies to establish a set of perfect internal control system and process,and regularly organize professional personnel to identify and evaluate Enterprise Internal Control Risk.so as to improve the overall management level and economic benefits of the whole enterprise.Thus it can be seen that internal control management is an important symbol to measure the current level of enterprise management.Thus,enterprise internal control management for the management and development of enterprises has an important significance,it is an important means to improve their competitiveness and occupy the market,market development of the beneficial weapon.Enterprise internal control management level is an important indicator of current enterprise management level.Any enterprise in the process of its operation,will encounter problems hindering the development of the company or risk,in order to avoid the development of enterprise,must will solve these problems and risks,and to solve these problems and risks,need a complete set of internal control system,internal control system and related system and process can be effective implementation.Only in this way can enterprises avoid or reduce various risks in the process of operation,constantly adjust the direction of enterprise management and development,effectively reduce the loss of enterprises,and escort the sustainable development of enterprises.Internal control management is the key link of enterprise management,it should run through the enterprise management from beginning to end.Enterprises must attach importance to the management of internal control in the process of operation.At present,most internal control management is based on risk-oriented management,which is to manage the risks that may be generated by the business process of each business module of the enterprise.DY company,as the first domestic home decoration company listed on the stock market in 2014,is undoubtedly the leader of domestic home decoration industry.Since its listing,DY company has established internal control department and relevant internal control system out of regulatory requirements and development needs,and regularly arranged professional departments and personnel to evaluate and audit the enterprise’s internal control,and issued an internal control evaluation report.However,the first two years of listing were basically limited to self-evaluation,and no third party was hired to issue an audit report on internal control.In the later stage,DY company hired a professional intermediary agency to audit the company’s internal control and issue an internal control evaluation report.However,based on its management attributes and industry attributes,DY company’s internal control still has some problems,and the level of internal control management needs to be further improved.This article embarks from the follow the principle of paying equal attention to theory and practice,this paper discusses the COSO model of enterprise internal control,and to the Beijing DY company as an example,combining with COSO model theory,using fault tree analysis(FAT),risk coordinate graph and other methods to identify and analyze the risks of the core A6 business of DY.At the same time,the Delphi method is used to determine the internal control evaluation index weight,build the evaluation index system of internal control,and combined with fuzzy comprehensive evaluation of ideas,to the DY whole internal control system effectiveness evaluation,According to the evaluation results,it points out the existing problems in the internal control management of DY company,and puts forward corresponding improvement strategies to strengthen the internal control management of the enterprise and improve the level of enterprise management,so as to comply with the market competition mechanism and industry development needs.It has certain reference and reference significance to the internal control management of DY company and other domestic home decoration enterprises.