The Internal Financial Control Of Newspaper Corporation Of China

The newspaper corporation in China is the special enterprise managed as the business corporation. During the course of the corporation operating, the problems of lacking the internal control, especially the Internal Financial Control(IFC)are gradually unfolded and have become the obstacles of the group growth. Through surveying on Hubei Daily Media Group, The writer learns of the internal financial control measures and the current existing problems of the newspaper corporation in China, and introduces the latest theoretical results of internal control - COSO model into newspaper corporation financial management , making recommendations for improvement of the internal financial control system.This article first discusses the core position of internal financial control in financial management and then introduces the developing stages of financial control. Our newspaper corporation belongs to business groups, its formation and development usually have the help of executive power. This special nature and its management mechanism lead to various problems on financial control in newspaper corporation, such as internal financial control awareness weak, imperfect corporate governance leading to financial control failures, financial information communication blocked , lack of internal auditing monitoring.These problems generally exists in our newspaper corporation, and continue to cause the economy cases happened.COSO model is the new stage, the latest program and measure of internal control. COSO model has important reference effect to strengthen and consummate internal financial control. Against problems revealed, This article uses COSO model and points out the newspaper corporation should optimize the control environment, improve control activities ,strengthen the financial information construction, improve the financial system. The article also makes some specific suggestions for improvement of internal financial control combined with the status of Hubei Daily Media Group , looking forward to provide some reference for the China newspaper corporation's financial management practices.