Research On The Internal Control Issue Of WANFU Biotechnology Based On The Theory Of Organizational Behavior

There are many reasons why the financial fraud cases occur frequently.but we should be more concerned about the enterprises themselves. The not perfect internal control provides financial fraud soil. Therefore, optimize the internal control of enterprises has become an important topic.There are many theoretical studies of internal control and its development at home and abroad, but research from the organizational behavior theory view on internal control is not much. Internal controls so far gone through four stages of development: Internal check period, Internal accounting controls and internal management control period, period of the internal control structure, The overall framework of internal control period. Development of organizational behavior generally divided into four stages.Organizational behavior theory in the internal control of the four stages of development of its theoretical developments have had a profound impact. You can use organizational behavior theory to analysis five elements of internal control, namely the internal environment, risk assessment, control activities, information and communication, internal supervision.WANFU Biotechnology was found to implement serious financial fraud in 2012. Its false means, including inflated revenues to increase profits, Inflated receivables and advances receivable, Inflated construction in progress, Conceal important company business matters, the financial fraud of WANFU Biotechnology is characterized by systematic, concealed, high independence.From the Perspective of Organizational Behavior, WANFU Biotechnology’s internal control environment problem is organizational structure is irrational, single ownership structure; Policymakers less educated; HR policy unreasonable; Organizational culture specious. Based on the Theory of Organizational Behavior, WANFU Biotechnology’s risk assessment process, control activities, information and communication, monitoring processes are problematic.If WANFU Biotechnology wants to strengthen its internal control construction, firstly, they should pay attention to the introduction of organizational behavior Ideas; Secondly, building a viable organizational culture; Thirdly, to improve the corporate governance structure, such as improving the organizational structure to match the internal control construction, optimizing the ownership structure, strengthen the construction of internal audit. Finally, WANFU Biotechnology should establish reasonable human resource policies and incentive system.