Study On The Internal Control Path Of Z Securities Company Post-M&A

In recent years,with the development of financial market,the securities industry is facing more and more fierce competition.So,in order to make yourself stand firm in the financial market,more and more companies choose to expand the path of mergers and acquisitions.However,this road is not easy to mergers and acquisitions,the securities industry as a capital intensive and high-risk industries,do not do a good job after the merger integration,mergers and acquisitions effects will not be able to play well,resulting in M & A failure.Starting from the internal control of each link,do a good job in the integration of mergers and acquisitions,will run through all aspects of the securities company,the company can achieve the purpose of value added,the positive effect of M & A integration.In theory,scholars at home and abroad from the perspective of internal control of securities companies after the merger and acquisition of the few studies,most of them simply talk about risk management,in practice,has not attracted enough attention.Based on the above background,this paper has a positive effect from the post merger perspective,the introduction of the five elements of internal control framework,internal control to optimize the integration stage of Z securities company after the merger,improve its internal control system,to achieve the company merger integration goals,have positive effects,to achieve the integration of the expected results.In this paper,based on the research ideas and methods of domestic and foreign scholars,literature research and case analysis are used to study the topic.First of all,this paper expounds the theory of M & A,the theory of internal control and the theory of internal control.Then,the paper introduces the case of Z securities merger and acquisition of M securities,analyzes the process of merger and acquisition of Z securities company and the influencing factors of the positive effect of merger and acquisition,and analyzes the present situation and problems of internal control.Then based on the lack of targeted for Z securities company internal control optimization strategies are proposed:(1)construction of the internal control framework of integration;(2)strengthening internal environment and create the cultural atmosphere;(3)the optimization of risk identification and evaluation mechanism;(4)the price of M & A positive effect of the target concept through the control of activities in the post merger integration;(5)the optimization of information and communication platform;(6)the optimization of acquisition of surveillance and control system.Many aspects in the design cover of post merger integration activities,the study gives the actual operation,in order to ensure the Z securities company mergers and acquisitions to achieve at the same time to avoid the risk of mergers and acquisitions to achieve effective allocation of the company after the acquisition of resources,enhance the company's operating efficiency,the company merger and acquisition value.