Internal Control System Effectiveness Research In CM Company

Internal control has its necessity, with Enron, WorldCom financial and a series offraud, American capital market continues to face a confidence crisis. On one hand, inorder to improve the management level of listing Corporation, to guard againstoperational risks; on the other hand, in order to restore the confidence of investors, toprotect the interests of investors, the United States of America President Bush formallysigned on July30,2002issued the "2002and team-Oxley Fa case", for all partiesinvolved in the constraint of capital market. The404provision in the bill proposedlisting Corporation to implement strict internal control, non native American listingCorporation in the annual report in December31,2006to about internal controlassessment statement.CM company is listed in the United States in2002, as in the United States listedimportant large state-owned enterprises, establish a sound internal control system, it isimportant to follow the SOX act404th provisions, how to accord with the requirementsbetter, optimize and improve the enterprise internal control system, talent showing itselfin global competition, establish the Centennial, it is an important topic worthy of ourstudy.This paper discusses the bill SOX404th based on internal control of enterprises,from the meaning, characteristics, objectives, form the basis of research on the basictheory and other elements of the internal control of the situation, in-depth analysis ofChina Mobile and the main existing problems, combined with "SOX act" on the internalcontrol and the reality of the situation, put forward the countermeasures and suggestionsof mobile of internal control and perfecting the internal control process, optimization ofChina Mobile, in which several from the internal accounting system, the informationsystem of internal control system, the evaluation mechanism and the financial earlywarning system, the internal control of professional team and other aspects, to buildChina Mobile of the internal control system, by creating internal control culture, toimprove the internal control mechanism, prevention of enterprise operational risk.