On The Internal Control Of State-owned Enterprises Under The Financial Supervision System Of State-owned Capital

Since the system reform in state-owned enterprises of China, loss of state-owned assets is an unarguable fact. Ensuring the maintenance and increment of the value of state-owned assets has been a problem to be urgently solved in theory and practice in government, theory and practical circle, which has significant meaning and use value.The founding of the Committee of State-owned Assets Supervision and Administration constructs a new administrative system of state-owned assets, and left three problems of constructions to be solved : financial supervision system of state-owned capital, the administrative structure and controlled system of state-owned enterprises, So The Internal Control of State-owned Enterprises under the Financial Supervision System of State-owned Capital is selected as the topic for the dissertation.In this paper, the writer would solve five problems adopting the methods of combining theoretical analysis with case study and combining quantitative analysis with qualitative analysis. (1) He would define the intension and extension of internal control of enterprises. (2) He would make clear the theoretical origin and practical basis of the formation and actual function of internal control of enterprises. (3) The author would also explore the interdependence of financial supervision system of state-owned capital(macroscopic supervision)and internal control of enterprises (microscopic supervision)under the new administrative system of state-owned assets,and construct financial supervision system of state-owned capital and system of internal control of enterprises. (4) Otherwise, the evaluation system of economic validity of internal control of enterprises would be constructed in the paper. (5) The writer would validate the application of the system by the simulated data to construct an applicative system of internal control of enterprises, in order to realize the internal control under the new administrative system of state-owned assets and ensure the maintenance and increment of the value of state-owned assets.The innovative points of the thesis mainly include three aspects: (1) The author would explore the intension and extension of internal control of enterprises and its system architecture based on financial supervision system of state-owned capital under the new administrative system of state-owned assets, mixed with Internal Control Integrated Framework and Enterprise Risk Management–Integrated Framework by The Committee of Sponsoring Organizations (COSO). The paper accords with both financial supervision system and Chinese characteristics; (2) According to the terminal target of financial supervision system of state-owned capital, he would determine for benefit correlates that the core guideline is the yield of the net assets. The evaluating method is discounted cash-flow analysis. And he would also construct financial analysis framework and the valuation model of enterprises value; (3)The writer would improve the stock price forecasting model being used by fund management company and realize the business valuation by using the valuation model based on financial statements of SC company, to confirm that in the method offered in this paper the internal control of enterprises under the new administrative system of state-owned assets will be able to be accomplished.