Construction Of Risk-Oriented Internal Control System Of XK Corporation

With the development of fierce market competition and globalization, Chinese enterprises are in urgent need to improve the management performance and establish an internal control system. In order to reduce fraud and embezzlement, and maintain normal economical market order, the Ministry of Finance and State-owned Assets Supervision and Administration Commission have issued a series of regulations, which demand relative enterprises and organizations start to build complete internal control systems. As the main force of the economic structural change of China, high-tech enterprises are playing the important role in guiding the future development direction of Chinese enterprises, and thus it is of great significance to improve the internal control work of high-tech enterprises, and establish a complete internal control system and ensure its effective implementation. Based on the intrinsic characteristics of XK Corporation and according to theories and national regulations related to internal control and risk management, the paper establishes a comprehensive internal control system based on the eight elements of risk management, and using the method of "Four in One", makes further research for the internal control system of XK Corporation in aspects of system optimization, procedure management, etc., fully fulfills the fundamental role of internal control with regards to risk management and provides institutional safeguards for the future development of XK Corporation.This article is divided into five chapters. The chapter 1 is Introduction. This chapter introduces the background, significance, research status, idea, approach, innovation and shortage of this research. The chapter 2 is theory overview of Risk-Oriented Internal Control System. The chapter systematically introduces the connotation and reviews the research process of internal control and risk management theories, and discusses the relationship between them. The chapter 3 is analysis of the present situation of internal control in XK Corporation. This chapter takes XK Corporation for example, makes further research about the present situation of internal control in XK Corporation, according to the characteristics of the industry and enterprise overview, analyzes the problems exist in its internal and then makes specific analysis of them. The chapter 4 is construction of risk-oriented internal control system in XK Corporation. This chapter establishes a comprehensive internal control system for XK Corporation, based on the eight elements of risk management. The chapter 5 is conclusion and prospect. The last part makes the conclusion of this article and puts forward to direction of the future research.Main contribution of this article is to provide a new way of thinking to help High-tech enterprises to establish their internal control system, which is to combine the internal control system with risk management closely.