The Study On Internal Control Of Financial Fraud In The Wanfu Biotechnology

Since the21the century, with the increasingly improved socialist market economicsin our country, the modern corporate system has been gradually set up and SME Boardsalso began to establish internal control system, following the step of the development.Therefore, SME Boards of our country need to strengthen the construction in the field ofinternal control management, enlarging and strengthening enterprises by good internalcontrol system to perfect the structure. It has become the prime problem, which needs tobe resolved by SME Boards at present, that analyzing the existing problems and reasonsand perfect the internal control system by reasonable strategies to develop and enlargeenterprises. The fraud cases happening in Wanfu Biological and Technical Corporate hasnot only brought tremendous bad reconsideration about corporate honesty, supervisionsystem and the intermediary’s service quality among enterprise boards. This thesisreviews the fraud process of Wanfu Biological and Technical Corporate, analyses theexisting problems in the internal control based on related theories, and raises accordinglyreasonable advice, providing SME Boards in the country with internal controlmanagement if possible.The thesis mainly contains the following five parts: The first part is the introduction,involving the research setting and meaning of the internal control, related domestic andoverseas literate review, research contents and methods. The second part is the theoreticaloverview related to internal control, elaborating systematically the domestic overseasdevelopment overview, the analysis of the meaning, target and five major elements ofinternal control. The thrived part is the case analysis of Wanfu Biological and TechnicalCorporate, which includes the introduction and background of the corporate, the fraudintroduction and selective analysis of its internal control. The fourth one is theenlightenment, coming up with the optimization suggestion for the corporate’s internalcontrol in the control environment, risk evaluation, control activities. The fifth one is theconclusion, which contains the thesis’s summary and shortcomings.This thesis mainly adopts the case research method and literature research method, with the former, analyzing the existing problems in the internal control of Wanfu Biologicaland Technical Corporate and raising improving strategies and suggestions, with the latter,collecting related literature, making deep thinking and research.