Research On The Internal Control Of Construction Enterprises Under The Integration Of Industry And Finance

Internal control is of paramount importance in enterprise management.Faced with a complex and ever-changing external environment,internal control helps to fortify risk defense barriers and enhance a company’s ability to prevent and resist risks.This also to some extent restricts the senior executives of a company from engaging in blind pursuit of profit.Internal control standards can guide companies to better conduct risk prevention and control.With the role of internal control becoming increasingly prominent,more innovative management concepts are being applied to internal control management.One such concept is the integration of business and finance,which can also be introduced into the internal control construction of a company.It emphasizes that daily management of a company is not independent,but should break down information barriers and use information from business and finance to provide more realistic and comprehensive data support for a company,thereby improving its internal control capabilities.The current market environment of the construction industry is complex and ever-changing,which greatly increases the operational pressure of enterprises.Faced with the industry characteristics of remote construction and numerous projects,the research topic of this article is how to use the management concept of integrating business and finance to improve the internal control level of construction enterprises and obtain competitive advantages.This article uses a case study method,taking the construction enterprise E company as the research object.Starting from the five elements of internal control and combining the characteristics of the construction industry and the internal control status of E company,the method of questionnaire survey is used to discover the problems in the internal control construction under the integration of business and finance of E company and conduct cause analysis: In terms of internal control environment,the excessive authority of project managers and the inadequate implementation of internal control system are due to the low control of headquarters on projects,insufficient cultural construction,and insufficient detailed approval process.In terms of risk assessment,insufficient risk identification and analysis capabilities and weak prevention awareness are due to the lack of risk consultants and standardized prevention and control systems.In terms of control activities,unreasonable position settings and approval processes are due to the imperfect project personnel management system and insufficient detailed approval process.In terms of information and communication,the lack of smooth information communication and excessive information systems are due to the low degree of integration of business and finance,and insufficient investment in information technology construction.In terms of internal supervision,the incomplete internal control evaluation system and the insufficient effectiveness of internal audit supervision are due to the single audit method,negligence of daily audit,and weak audit awareness.Regarding the above problems,combined with theoretical literature and employee suggestions in the questionnaire survey,the optimization should be carried out starting from the five elements of internal control.In terms of internal control environment,personnel training and process management should be strengthened;in terms of risk assessment,full-process risk management should be implemented,and a risk management team should be established;in terms of control activities,the integration of business and finance should be further deepened,and a standardized and process-oriented management model should be realized;in terms of information and communication,information channels and platforms should be strengthened to achieve comprehensive information management;in terms of internal supervision,the effectiveness of internal audit and the construction of internal control evaluation system should be strengthened.The purpose of this research is to improve the internal control level of E company under the integration of business and finance,and to provide some reference for other construction enterprises to carry out internal control under the integration of business and finance.