Research On Internal Control Optimization Of YM Education Compan

YM Education Company is a vocational education and training company engaged in the training of western pastry baking skills.Encouraged by the national policy of promoting vocational education,the education and training industry has developed rapidly,with the industry scale reaching 2 trillion yuan.YM Education Company has grown from a campus in2015 with a turnover of 20 million yuan to 16 campuses nationwide with a turnover of more than 100 million yuan in 2021,effectively expanding its market share and ranking in the middle and upper reaches of the industry.Due to the low investment threshold,high profits and easy replication of the business model of the Western style pastry baking industry where YM Education Company is located,the industry competition is becoming increasingly fierce due to the impact of the epidemic situation and the "double reduction" policy,and the uncertainty faced by the enterprise business is also increasing.At the same time,the government has put forward higher standards for the standardization of education and training institutions,The original internal control of YM Education Company is no longer suitable for the current environment faced by enterprises.It has become an important task for YM Education Company to establish an internal control system in line with the current development of the enterprise,improve the operating efficiency of the enterprise,and enhance the competitiveness of the enterprise.This paper takes YM Education Company as the research object.On the basis of analyzing and sorting out the relevant theories on internal control at home and abroad,and in combination with the COSO framework theory and the requirements of the Enterprise Internal Control Norm,this paper conducts field research,interviews and questionnaire surveys on the internal control status of YM Education Company.According to the five elements of the COSO internal control framework,this paper sorts and analyzes the internal control status system of YM Education Company,We found 15 problems in the internal control of YM Education Company in five aspects: the control environment,the organizational structure is not perfect enough,the corporate culture is not practiced enough,the human resources management is not in place,and the company lacks a talent cultivation system;In terms of risk assessment,there is a lack of scientific risk identification methods,and the ability of risk early warning is weak;In terms of control activities,the control activities are not comprehensive and the implementation efficiency of internal control is not high;In terms of information communication,the company’s enrollment system was filled out irregularly,the student management system was imperfect,and the company’s internal information communication efficiency was low;In terms of internal supervision,the internal supervision system is not perfect,the audit lacks independence,and the internal supervision content is not perfect.On the premise of clarifying the general idea,improvement principles and improvement objectives of the company’s internal control,15 optimization measures are proposed in five aspects in view of the problems existing in the internal control of YM Education Company:first,control environment,(1)strengthen the internal control awareness of all staff;(2)Improve the organizational structure of the enterprise;(3)Improve the efficiency of enterprise human resource management.Second,in terms of risk assessment,(1)establish a risk and objective matrix;(2)Establish a sound emergency early warning response mechanism to enhance the company’s risk resistance.Third,in terms of control activities,(1)define the object of internal control;(2)Focus on the core points of internal control;(3)Standardize business processes;(4)Put forward suggestions on internal control rectification.Fourth,strengthen information communication,(1)improve the information management system;(2)Improve the internal communication efficiency of the company;(3)Establish information sharing mechanism.Fifth,in terms of internal supervision,(1)establish an independent internal audit department;(2)Improve the audit content;(3)Improve the audit supervision system.The optimization measures proposed in this paper have improved the deficiencies of internal control of YM Education Company,some of which are already in the preparation and implementation stage,and the specific effects need to be verified by practice.