Study On Construction Of Internal Control System

In recent years, research on internal control has been widely concerned by many scholars, especially some of the world-famous corporate scandals have been exposed. The internal control system is not perfect and may not be implemented is a huge hidden dangers in the business process, which is not conducive to the sustainable development of enterprises. COSO released the " Internal Control-Integrated Framework (2013)"on May14th,2013,which will be helpful for a more strict internal control measures to improve internal control quality in the enterprise operational, compliance and financial reporting,.In2008, China issued the "Basic Standards for Enterprise Internal Control", and released "Enterprise Internal Control guidelines" in2010. The release of two regulations for Chinese enterprises with international standards marks the establishment of the internal control system in China, laid the foundation for Chinese enterprises to adapt to the development of the world economy, improve risk response capacity, and to achieve the long-term development. However, the implementation of internal control still need to investigated. For the listed companies, which the regulations require the implementation of internal control, the implementation of Enterprise Internal Control mere formality, not service enterprises development really; While for the non-listed companies, the regulations do not require the construction of the internal control system. The construction of the internal control system first need to pay attention to it, strengthen risk awareness, in order to ensure that the construction and implementation of internal control.The present discussed the construction of internal control system, combined with the relevant provisions of the existing legislation on corporate internal control. Firstly, the article describes the background and significance of the topics and briefly describes the current research status. Secondly, the introduction of the relevant internal control theory, and then describes how to build enterprise risk management internal control based on the basic standard for enterprise internal control. In order to reflect the feasibility of the implementation of internal control, I choose the enterprise which I have worked in-Yutong Bus, to elaborate construction and implementation of its internal control.