| After the national share transfer system for medium/small enterprise(New Third Board) was setting up and put into running in Sep.2012, many domestic enterprise planned to list, and the listed enterprisequantity have reached 1881 till Feb.10 2015. Comparing with the main board market and the growth enterprise market, the requirements for entering into the New Third Board is relatively less, but it still have specified standard and requirements. If one enterprise want to reach the requirements of New Third Board, it’s internal controlling must be highlighted, set up and optimized. In other words, many foreign/domestic enterprise exposed serious risk as internal controlling issue in recent years, part of them even bankrupted. Because of the carelessness to the internal controlling, many problems happened in the enterprise, specially for the developing private enterprise.The study object in this article-SD company, is an agricultural enterprise endeavoring to list in the New Third Board, the writer himself attended the application process and took the main responsibility. This article referred to COSO2013 framework, Basic requirement of internal controlling from the Finance Ministry and related guide, combined with requirements of New Third Board listing, took the way of requirements study and sample study, based on the earnest study to SD company, found the shortage and weakness of internal controlling system in SD company, optimized its’internal controlling system corresponding to its’actual status, so guaranteed the success of listing, and could be referred by other vegetable planting enterprise.By reading data, site investigation, interviewing, testing way, to analyze from 5 factors: the controlling environment, risk evaluation, controlling activity, information communication and supervising, and finally the internal controlling problem is filtered out. In general, SD had the following problems:neglecting of internal controlling, poor employee competence, management was less systematic; In controlling environment prospect:function can’t be activated, organization not match with responsibility and rights, less of HR policy, less of function setting up, etc.; Risk evaluation system was not set up, less of key performance indicator controlling; Controlling activity could not combine with business process tightly, part of control activity was missing, no planning for control activity, business process was not set up and described clearly, some process was not reasonable, part of key process did not have controlling measures; Information and communication system was not set up, no clear, systematic information management and communication system. Except finance and production monitoring system, no enterprise resource management system was set up to go through the whole enterprise’s business process; No audit committee and internal audit function was set up, only rely on top management’s irregular observation and checking, thus no effective monitoring system was set up.According to COSO2013 framework, Basic requirement of internal controlling from the Finance Ministry and related guide, combined with requirements of New Third Board listing, optimization study was done from 5 prospect of internal controlling for SD company. Enterprise control environment was restructured from internal controlling viewpoint, the enterprise was reformed according to shareholding system, optimized management structure, identified department responsibility, defined rules for decision; Organization was adjusted, made department and job position responsibility be clear, and a set of rules was set up. Risk evaluation policy was defined, to set up scientific, effective risk evaluation system. Risk management was perfected from target setting, risk identifying, risk analyzing, risk actions side. Combine with business process re-building and enterprise resource management system designing, business process was re-built, internal control measures was embedded inside, to make the whole enterprise’s process is under internal controlling. Information and communication system, monitoring system was set up already.Through the construction of SD company internal control system, combine with company structure setting up, business process setting up and information system setting up, to set up scientific, effective internal control system, improve enterprise’s operation efficiency, guarantee the enterprise’s operation fit for legal regulations, improve the reliability of public report, strengthen the competitiveness of enterprise, upgrade the enterprise’s image.The innovation points of this article:through the optimization of SD company internal control system, to make SD company fit for the listing regulation of New Third Board, to increase the success rate of listing; through the optimization study of SD company internal control system under the background of New Third Board, to supply reference for other similar agricultural enterprise which planned to list. |
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