Research On Evaluation Of Internal Control Effectiveness Of D Pharmaceutical Company

The pharmaceutical industry is an important industry related to the national economy and people’s livelihood,and has always been highly valued by the country.Under the severe epidemic situation,the pharmaceutical industry has become increasingly important for the people and society.However,with the frequent occurrence of financial fraud incidents in the pharmaceutical industry,internal control problems in enterprises have also been exposed.Many companies have suffered serious losses or closed down due to internal control problems.A systematic and scientific evaluation index system for the effectiveness of internal control is needed to help enterprises quickly identify weaknesses in internal control.In the current era of frequent counterfeiting incidents,the competition in the pharmaceutical industry will become increasingly fierce,and corresponding adjustments and solutions will inevitably be made.Therefore,it is urgent to establish a scientific and reasonable evaluation index system for the effectiveness of internal control.Company D is a pharmaceutical manufacturing enterprise with significant problems in internal control.This article mainly adopts the literature research method and case analysis method.Firstly,it summarizes and analyzes the research results on the effectiveness of internal control at home and abroad.Summarize the definition of internal control,internal control effectiveness,and COSO’s internal control framework,as well as the content of principal-agent theory and information asymmetry theory.Secondly,introduce the basic overview,internal control status,and internal control evaluation status of D Pharmaceutical Company.Focusing on understanding the industry background and actual situation of Company D,using the COSO 2013 integration framework and 17 principles as guidance,following the applicable principles of the internal control indicator system,23 qualitative indicators were selected,and 8 representative financial indicators were selected as quantitative indicators.A combination of qualitative and quantitative methods was adopted to construct the internal control effectiveness evaluation indicator system of Company D.Finally,the analytic hierarchy process is used to determine the weight of each indicator,and the fuzzy comprehensive evaluation method is used to calculate the evaluation value to evaluate the effectiveness of internal control in Company D.According to the final score,the comprehensive internal control score of Company D is 52.59,with a level of average and significant defects.The internal control system of the company has not been effectively implemented.Finally,I provide some targeted improvement suggestions for the problems existing in the internal control of Company D,hoping to further improve the effectiveness of the internal control of Company D,and also provide some reference for other enterprises in the same industry to establish indicator systems and take measures to address similar problems.