A Research Of Amelioration Strategies Regarding The Internal Supervision Of Gansu Qilianshan Cement Company

In the course of rapid development of Chinese enterprises in theses years, many sorts of potential risks are coming on the scene. Especially in the background of international financial crisis, rarely seen in a century, occasionally occur cases which are characterized by loss of huge amounts of assets, accounting fraud, business failure and even bankruptcy, such as that of China Aviation Oil (Singapore) Corporation, aroused by lack or lose of internal supervision. These sensational financial frauds, which not only caused heavy economic losses both for the state and investors, but also affected negatively the image and fame of Chinese enterprises.In order to carry out the requirements like "Fundamental Regulation for Internal Supervision of Interprises" and "Supporting Guidance to Internal Supervision of Interprises" which were released by the five state ministers and commissions, and to fulfill the demand of "The Notification for Implementation of Internal Supervision of Listed Company in the District of Beijing" which was issued by the Bejing Security Regulatory Bureau, the standard of internal supervision of interprises is to be ameliorated so that the interprise strategy could be realized and the construction of internal supervision could impact all the operations and managements in the enterprise. In the year of2012, a listed cement company in Gansu Province started, in response to supervision institution, the formation of its internal supervision from February,2012. In December,2012, a self-evaluation regarding the effectiveness of internal supervision was realized, and a report of this self-evaluation, investigated by the auditing office, was published in March,2013. Despite the foundation of the internal supervision system which has been declared to be effective principally, problems and defects in the establishment and execution are still to be found. For that reason, it is necessary to make a further research on the amelioration of internal supervision in enterprise.Starting from the background and meanings of selected topic, and based on the research content and methode, this paper elaborates the related conceptions and theories as well as the evalution of effectiveness of internal supervision. On the basis of that, the current situation of the listed cement company in Gansu province is researched and analyzed, with the general frame theory of internal supervision as guidance, with the amelioration of internal supervision in enterprise as orientation, to figure out the prominent problems of internal supervision and their origins. Under the basic principles and objectives for internal supervision, and according to current situation of the enterprise, the amelioration strategies to internal supervision are to be raised from the aspects of reform of management in human resource, from the aspect of establishment of risk mangement system and from the aspect of improvement of internal supervision. As a conclusion, in the purpose of assuring the implementation and operation of improving strategies for internal supervision, the assuring measures are to be mentioned from the following aspects:enhancement of legal consciousness of the strategy makers of enterprise, strengthening of implementation capacity of system and the creation of an harmonious and aggressive enterprise culture.A complete system of internal supervision is crucial both for elevation of enterprise competence to prevent risks and for promotion of enterprise competitiveness. The analysis and studies about these problems are significant for stable development of the above-mentioned listed cement company in Gansu province. Furthermore, it is hoped that these studies could provide ideas and references for similar enterprises confronted with the same problems.