Research On Rebuilding Of Internal Control System Of Anhui Telecom Co,. LTD

A series of corporate and accounting scandals of USA company including those affecting Enron,Tyco International,Adelphia,Peregrine Systems and WorldCom has led to the promulgation of Public Company Accounting Reform and Investor Protection Act of 2002 which is known as Sarbanes-Oxley Act of 2002 and commonly called SOX or Sarbox.This is one of the most important legislation after Securities Law of 1933 and Securities Exchange Act of 1934.Anhui communications company is a wholly-owned subsidiary of China Mobile Telecom Co.,Ltd.As it is included in The New York Stock Exchange listing.CM company is required to disclose its periodic reports complied with the new law.This thesis introduces the basic information of Anhui communications company,then begins with some basic theory of internal control,such as internal-framework,guidance of control and Cobit and reviews the current status and existing problems of internal control in Anhui communications company.On analyzing the causes of these problems,the internal control system,which is suitable for the characteristics of Anhui communications company is finally designed.In this thesis,Anhui communications company serves as an example to be studied.We want to find the common problems of internal control existing in the enterprises which is listed in The New York Stock Exchange,and explore some ideas and methods of the internal control of public company or privately held companies,which can be used for reference in other enterprises.