M Group Internal Control System Construction Research

Internal control has become the focus of attention of academic and business community. In recent years, with the Market economy-oriented, risk-based, and enterprise-scale empansion, this will inevitmly make companies focus on risk management, strengthen internal control system. In this paper, we have made active emploration on how to build internal control system of M group based on the relevant theory.This paper illustrates necessity for M group to build the internal control system based on studying the theory of related internal control system, through combination of theory and practice, combination of qualitative and quantitative methods. Then we make a fairly comprehensive and systematic study on how to build internal control system for M group from five aspects which are internal environment, risk assessment, control activities, information and communication, supervision by combining M group’s objective situation. Study results are as follows:Firstly, internal control is an organism, including internal environment, risk assessment, information and communication, control activities, internal supervision. And only we look systematically at the various elements of internal control in order to Make internal controls improve continuously; Secondly, during the period of building M group internal control system, by using internal control-related theories, putting COSO framework as a guide, combining the situation M group, we raised the Main points and the corresponding specific measures mout the internal environment, risk assessment, control activities, information and communication, supervision; Thirdly, the internal control system operation is the key to effect implementation for system. If we solve the problems in the implementation process, there must a series of safeguard Measures. This paper gives corresponding suggestion for ensuring M group internal control system to run effectively.