Discussion On The Problem Of Internal Control Of State-owned Capital Investment Company

Since 2012,the State Council has issued a number of policies and programs related to the reform of the authorized operation system of state-owned capital,the promotion of pilot expansion of state-owned capital investment companies,and the internal control of state-owned capital investment companies is bound to help state-owned enterprises play an important role in the reform of the market economy system.In the context of deepening the reform of state-owned enterprises,state-owned enterprises are seeking new ways.State-owned capital investment companies try to promote the development of state-owned economy by joining the market economy and reforming the allocation of state-owned capital resources.Therefore,the establishment of perfect internal control of state-owned capital investment companies will become an important basis for them to be invincible in the market-oriented and international new economic situation,and also a powerful guarantee to promote state-owned capital investment companies to achieve economic innovation.Therefore,in the era of the separation of government and enterprise,the reform of public institutions and the reform of state-owned enterprises,the transformation of local government’s state-owned capital investment companies is imminent.Facing the market-oriented competition,it is imperative to enhance the management ability and improve its internal control system.In the early stage of development,state-owned capital investment companies have been faced with certain hidden dangers of internal control.In the absence of perfect and reasonable internal control system,the potential risks and internal contradictions of state-owned capital investment companies have become more and more prominent with the continuous development of the company’s business.On the one hand,the traditional concept of state-owned assets supervision institutions and the management concept of market-oriented enterprises collide in many angles.The government institutions need to quickly realize the purpose of separating government from enterprises,and improve the chaotic situation of state-owned capital management.On the other hand,the internal system and external regulatory agencies of the state-owned capital investment company have not made sufficient preparations for the enterprise restructuring,and the company is difficult to adapt quickly and steadily to the gradual changes without the establishment of a reasonable and sufficient control environment in advance.In terms of these two aspects,the state-owned capital investment company and the state-owned assets supervision institution have the relationship of complementing,promoting and achieving each other.The internal control risk management of the state-owned capital investment company is also closely related to the state-owned assets supervision institution.Therefore,the internal control of the state-owned capital investment company should not only be adjusted and controlled within the company,but also the supervision department of state-owned assets should put forward some suggestions.As a state-owned capital investment company supervised by the local SASAC,s investment group company is typical in all aspects.The research on s investment group company can bring some thoughts to the general local state-owned capital investment company.This paper adopts the problem-oriented research ideas of putting forward,analyzing and solving problems,and combines the theoretical knowledge of internal control with the actual operation of s investment group company.Starting from the internal control of enterprises,this paper begins with a brief introduction of the purpose,significance,content and methods of the research,then a brief introduction of the theoretical basis required by this paper,and a case study of this paper based on the internal control theory and enterprise management theory.Secondly,this paper expounds the related concepts,characteristics and principles of the state-owned capital investment company and its internal control one by one,and explains in detail the objectives that the internal control of the state-owned capital investment company can achieve.Then this paper takes s investment group company as the research object,describes the current situation of internal control of s investment group company,and focuses on the internal control of s investment group company at group level and business level.Then,the main problems of internal control in the implementation process of the existing internal control system of s investment group company are put forward,including imperfect control environment,lack of risk assessment,poor implementation of control activities,poor information communication and poor supervision and management ability.Therefore,from the perspective of control environment,risk assessment,control activities,information communication and internal supervision,this paper analyzes the causes of the internal control problems of s investment group company,and also puts forward a proposal on the institutional setting,risk management,comprehensive budget,performance evaluation,information promotion and supervision ability improvement of the internal control system of s investment group company We hope that through improving the internal control system,we can comprehensively improve the internal control management level of s investment group company,enhance the market competitiveness of s investment group company,and provide the state-owned capital investment efficiency of s investment group company,so that s investment group company can better adapt to the new environment of market competition and achieve the company’s strategic development goals.This paper studies the internal control problems of state-owned capital investment companies,enumerates detailed and specific improvement suggestions,and proposes that the optimization direction of internal control system should focus on the analysis of the company’s internal control defects,sort out the company’s chaotic nodes pertinently,and focus on strengthening the implementation of the company’s internal control system and improving the company’s internal control implementation evaluation body after improving the internal control degree Department.As a state-owned capital investment company supervised by the local SASAC,the research object of this paper,s investment group company,is typical in all aspects.The research on s investment group company can bring some thinking to the general local state-owned capital investment companies,and provide reference for the transformation and improvement of the internal control system of local state-owned capital investment companies in China.