The Optimization Research Of ABC Company Internal Control System

Sound and effective internal control system is a necessary part of the efficientmanagement of the company, it is reasonable to ensure legal compliance of businessmanagement, asset security, financial reports and related information is true andcomplete, improve business efficiency and effectiveness, promote enterprisedevelopment strategy. With the deepening of China’s reform and development ofmarket economy, accelerate the pace of economic globalization, the world economicturmoil frequency, magnitude and extent of the impact is getting bigger, enterprises arefacing more and more types of risk, risk is also growing every enterprise increasinglywant to be able to risk management and improve operational efficiency andeffectiveness, so the internal control has also been more and more attention. Alongwith China’s " internal control basic norms" and related application guidelines issued,the importance of internal control system of enterprise management is to be referred toa higher degree, of more and more enterprises begin to gradually strengthen internalcontrol, improve and implement.This paper is divided into four parts were discussed. First, the introduction of thetopic on the basis of the relevant circumstances, the internal control theory and relatedresearch results summarized; secondly about the basis of the internal control system ofthe construction on the introduction of the definition of internal controls, components,basic principles of internal control over the importance of the construction anddevelopment companies and their limitations; third combined ABC Company’s actualsituation, from the internal environment, risk assessment, control five internal activities,information and communication, internal supervision and other control elements, ABC Research company’s internal control situation, analyze the reasons for the existence ofthe problem of internal controls; Finally, ABC’s problems and business scale andcharacteristics, according to the five elements of internal control maderecommendations to improve internal controls, noting results of this study and futureresearch prospects, This paper studies and draw conclusions. Mainly to enhance thecompany’s internal control targeting, to establish an effective system of rights andresponsibilities; strengthen the company’s internal control environment; learn advancedenterprise risk management mechanism, reduce business risk; strengthen internaloversight, establish and perfect the internal audit function; strengthen financial controland other aspects of improvement. I believe this to improve the level of ABCCompany’s management to ensure that the information is reliable, asset security, toensure smooth business operations, reduce business risks and achieve their ownstrategic objectives, and to promote collaborative management and implementation ofthe Group’s overall strategy, have a positive meaning; addition to the restructuring ofstate-owned enterprises are also able to provide some positive significance and somereference to private operation.