The Study Of Internal Control Of Electric Power Enterprise Based On Risk Management

With the increasingly complex business environment of electric power enterprise and the gradual deepening reform of the electric power system,it puts forward higher requirements for the risk management capabilities of electricity enterprise.It is a important issue to resolve to strengthen the risk management on the framework of the original internal control system,to build enterprise risk strategy management,consolidate and improve internal control basic environment,internal risk control mechanism,internal supervision and evaluation,information exchange and communication mechanisms under the guidance of the internal control objectives.The paper combines theoretical research and practical method,which starts from the basic theory of risk management and internal control.lt defines and describes development process of risk management and internal control,and analyzes its differences.Based on the theoretical basis,the paper studies the norms of risk management and internal system.Base on COSO’s Enterprise Risk Management Framework, which is divided into eight elements, namely,the internal environment,goal setting,issues identification,risk assessment,risk response,control activities,information and communication,monitoring.China promote Central Enterprise-wide Risk Management Guidelines,the paper explains in details from the aspect ofr the risk management process,risk management systems and risk management culture.And China’s Basic Standard for Enterprise Internal Control,considering the national conditions in China,requires companies to establish internal controls which should include five elements,that is internal environment,risk assessment,control activities,information and communication,internal oversight.On this basis,the paper analyzes the risk management cases of electric power companies from Europe and other developed countries,including such as BPA,EDF and Hydro One, and summarizes the experience of worth learning.Finally,making Huaneng Power company as the study object,the paper analyzes its current status of internal control,and builds internal control optimization framework based on initial construction and provides specific recommendations.And then it establishs evaluation index system and evaluates Huaneng Power Company based on AHP method.The study not only helps to deepen and enrich the theoretical system of internal control but also provids some guidance and practical significance for the electric power enterprise.