The Research On Optimizing Internal Control Of Foreign Investment In XD Company

Internal control is to ensure the safety operation of enterprise assets, legalcompliance, the financial report and the related information is true and c omplete,improve enterprise management efficiency and effectiveness, promote enterprisedevelopment strategy important way. With the rapid development of economy inChina, foreign investment of enterprises have become increasingly frequent, thenumber of it has become increasingly huge, its impact on the enterprises shows itsimportance, therefore, internal control of foreign investment should not be ignoredand it plays a irreplaceable role.The object of our study XD Corporation is a state-owned enterprise group, withconsiderable popularity and social impact in the province, the overall strength ofstrong, Investment holding a number of enterprises inside and outside the industry, sothe study its internal control of foreign investment also has certain si gnificance andrepresentation.However, through survey we discover, the foreign investment companyinternal control system is not perfect, there are some defects.The author uses literature research, survey research, comprehensive analysis,case study method to optimize internal control of foreign investment in XDCorporation, The author conducts field research on the company to understand thestatus of foreign investment internal control of XD Corporation in the form ofinterviews, observation and questionnaires, carefully cardings the company’s foreigninvestment business processes. This paper analyzes problems and causes of thebusiness process of foreign investment internal control access to the company’sexisting business-related foreign investment regime, combining with the status ofinternal controls of foreign investment business, makes a few optimizationsuggestions from the perspective of the five elements of internal control. Specifically,the paper mainly proposes optimization tips from building a good internal controlenvironment, establishing foreign investment flow dynamic risk assessment system,improving foreign investment process control activities, achieving effectivecommunication and transferring with internal and external information and enhancinginternal audit oversight from the perspective of the five elements. Then, the authorconducts a reconstruction of the internal control system of foreign investment anddesigns the critical control points of foreign investment business processes of internal control, and achieves optimal of foreign investment business processes internalcontrol. Finally, this paper analyzes and summarizes the expected results of thecompany’s foreign investment internal control external control optimization.