Study On Internal Control Of Purchasing In S Company

With the rapid development of modern commercial society, the scale of enterprises is eXpanding and the personnel division of labor is more detailed. Whether the internal control is perfect or not relates to the development of an enterprise. The United States enacted Sarbanes-OXley Bill in 2002, and enacted Enterprise Risk Management Integrated Framework in 2004, which suggests that the western developed countries’ research on internal control reached new heights. We have officially started the audit plan of comprehensive internal control for listed companies. Nowadays, more and more enterprises spend much money and time on their internal control process, risk identification and assessment, and internal control system construction. They hope to improve the efficiency of management and the integration of various resources efficiently.Procurement is one of the important parts of the operation of production processing enterprises. The level of raw materials procurement affects the enterprise production efficiency, the cost of their product and the quality of their product, which further affects the enterprise market competitiveness of products. Therefore, strengthen the internal control of purchasing is one of the important ways to improve the efficiency of enterprise management.The paper is a research on internal control of purchasing in S company. The paper is divided into three parts: Present situation description, problem analysis and improvement measures. The paper combines COSO internal control framework with the actual situation, and analyzes problems from five aspects: control environment, risk assessment, control activities, information and communication, and supervision. At last, the paper puts forward the corresponding improvement measures, hoping to provide the beneficial reference for company S as well as other manufacturing enterprises procurement management control.