Research On Risk Control Of P Group's Internal Control Under The Five-factor Model Of COSO

Under the background that the existing internal control problems of the automobile dealership group need to be solved urgently and the internal control system needs to be improved,P Group is in the stage of compliance development.In the continuing process of excellence,and in view of the fraud incidents that occurred in the group's dealerships,the study of its internal control system is relatively representative.The research object of this paper is P group,an automobile sales service enterprise.The main content of this paper is to use the COSO internal control framework to analyze the problems and causes of P group's internal control.At the same time,from the perspective of the five elements of COSO internal control,the paper puts forward countermeasures for the problems of P group.According to the idea of "current situation-problem-cause-countermeasure",the paper designs the structure of the text.This article introduced the main thread of the article when introducing the concepts of internal control in the introduction.It is a combination of internal control and internal audit.In view of the fact that the main means of internal control of the Group's distribution stores is the risk audit internal audit,the article The three are closely linked,so the current status of P Group's internal control is discussed from the perspectives of internal control,internal audit and risk inspection.The theoretical basis of the article is used in the proposal and solution part of the P Group problem—the principal-agent theory,the financial control of the investor,the new institutional economics,and the execution theory.The existing internal control theory is used to guide the problem discovery and improvement measures.Inspired by the fact that P Group is currently in the construction phase of its internal control system but internal fraud incidents still occur in the Group's dealership store,this article has fully understood the operating characteristics,current status of internal control,and basic form and process of internal audit of P Group as an automobile sales service group.Then,by introducing the basic situation of P Group's internal audit in 2018,theP Group's internal audit results were analyzed from the perspective of multi-dimensional analysis of risk items and major risk points,looking for problems in the meantime,tracing the causes of the problems,and then returning to COSO.The control framework proposes practical countermeasures and suggestions for corresponding problems.For the large P group,this article hopes to analyze the internal control system of the P group through case studies,and put forward effective suggestions for improvement in order to improve its management level and standardize its internal Compliance,enhancing its market competitiveness.