Research On Building The Risk Evaluation Model Of Construction Enterprises

In May 2008, multiple ministries jointly issued the "Basic standards on internal control of enterprises", It is China following the 2006 implementation of the enterprise with the international accounting standards and auditing standards, the field of accounting and auditing in the launch of yet another major reform in line with international standards. Basic standards will focus on the internal environment, risk assessment, control measures, information and communication, and supervision and inspection of five elements start requiring companies to focus on operational activities of risk management, improve enterprise risk prevention capability. From China's current situation, the majority of weak corporate risk awareness, risk management institutional mechanism is not perfect; human resources of risk management are extremely scarce. Under the conditions that risk management has not been formed, requiring enterprises to establish new internal control system based on risk management is a difficult problem. Thus, under the common guidance of the internal control and risk management theory, it is particularly urgent and important to clarify ideas for enterprises to establish a reasonable and effective risk assessment model. The thesis selected the construction enterprises as an object of study, which in highly competitive and complex environments. In accordance with the basic requirements from"basic standards", designed the risk assessment process for construction enterprises. Further improve the internal control system of the enterprise. Research method is mainly the combination of normative and empirical. The process includes: with the original scale for risk identification, using the AHP to analysis risk, evaluation to assess the decision-makers risk appetite and risk strategy choice.This study concludes that: The risk assessment model with expert survey score and AHP as the main can be used evaluate the complex and difficult to quantify risk of construction enterprises. Based on the identification of risk, determined the overall objective of the evaluation, cleared guidelines for program evaluation and specific targets at all levels,built a hierarchical model and operating procedures of risk assessment models. Analysis of the enterprise risk include strategic risk, financial risk, market risk, operational risk and legal risk, and to take appropriate risk avoidance, risk transfer, risk mitigation, risk retention and risk utilization response. After the amendment, the model has been tested in the Hebei Construction Group.