Use The Method Of Balanced Scorecard To Implement The Internal Control Process Of SOX-404

In the wake of waves of financial scandals that brought down empires like Enron and IT in 2001, Sarbanes-Oxley Act of 2002 was promulgated urgently by the US government. And the act was viewed as a way to counter illegal accounting practices such as fraud in annual report and auditing as well as financial data destruct. But the Sarbanes-Oxley Act Section 404 was too demanding for listed companies to comply with and initiate their own Internal Control System.The paper focuses on the evaluation of the feasibility of Balanced Scorecard method in the establishment of Internal Control System within the scope of Section 404 by comparing it with conventional method and designs a workable implementation process of Internal Control System by using Balanced Scorecard method with concrete instructions.The new implementation process makes progress in that it is cost-saving and can solve problems. Such as it makes the liability of every person more clearly, it has clear deadline and orbicular documentations that are detrimental...