Research On The Internal Control System Of Jifin Coca-cola Co.,Ltd

After the American government and parliament passed the SOX Act, the U.S. Securitiesand Exchange Commission(SEC) requested all companies that listed on NASDAQ stockmarket to establish its internal control system according SOX Act in order to ensure theauthenticity and veracity of their financial reports. The SOX act defines that the companymanagement team should take on the responsibility to ensure validity of internal controlsystem. The purpose is protecting investors’ interests through enhance the managementteam’s responsibilities for internal control. After the SOX Act passed, the evaluation on itwas quite controversial. Undoubtedly the internal control system designed according theSOX Act lead to the transformation of company management. It is favorable to improvecorporate governance and management level, so that promote the healthy development.This paper is based on the internal control theory, then analyze the current internalcontrol system status of Jilin Coca-cola Co.,Ltd. through the combination of the currentinternal control theory with the SOX Act. And research on the internal control system of JilinCoca-cola Co.,Ltd., taking the internal control system of procurement and sales as anexample for they are key steps in the company operation. In the end conclude the problemsof its internal control system and give some improvement suggestions.