Analyze The Improvement Of Institutions B Internal Control Based On Coso New Framework

In May 2013, American COSO organization released a new version “Internal Control-Integrated Framework”, referred to as the COSO IC-IF. This is the first time to change the old framework 1992 released for a whole, and this is a challenge for all types of organizational. In 2011, the Ministry of Finance issued “Administrative Institutions Internal Control Standard(Trial)”.This is the first time to rule the internal control of institutions, which represented the internal control of our institutions had risen to a new stage, a new level, and given the building of institutions internal control a deeper meaning. It makes the conduct of our institutions internal control lawful.Under the situation, to strengthen the institutions internal control not only in line with the times, but also enhances the management of public institutions, laying the foundation for serving the community better.Many examples show that our institutions still have significant internal control issues, such as the internal control environment needs to be improved, the unreasonable control activities, lack of internal control system, etc. These are the deficiencies of building our institutions internal control system, show its necessity about internal control construction. And though institution has its own uniqueness, there are many similarities to enterprise in some areas, so it is feasible to apply the COSO framework played an effective role in the enterprise to the institutions.This paper takes the B institution for example, basing on the investigation and analysis its actual internal situation and analyzes its existing problems in deep level, carries out the underlying causes of these problems and thus puts forward specific measures to optimize the B institutions to improve internal controls combined with COSO new framework.Chapters Ⅰ and Ⅱ are to introduce the background and significance of this paper, literature review of internal control at home and at abroad and the relevant theoretical research about institutions. That indicates the necessity and specificity of institutions internal control and, emphasizes this main differences between old framework and new oneon content, while compares COSO framework with COBIT framework and COCO framework to arrive the conclusion that COSO framework is more feasible to our institutions.Chapter Ⅲ to Ⅴ is the focus of this article, taking the B institution as an example to discuss the overall situation of its internal control from the perspective of the five elements of internal control. It analyzes the links that may cause the emergence of loopholes. Then it sums up the domestic achievements and experience learned from the foreign, as well as the new revelation from COSO new framework. Finally, according to the foregoing analysis, to bring forward the feasible opinions to improve the actual situation of B institution.