The Internal Control Reserach Of WD Commercial Real Estate Company

An increasing number of the real estate enterprises aware that internal control plays an important role in business management. The spread of financial crisis led to the bankruptcy of many companies in recent years. Meanwhile, some fraud cases occurred frequently. Along with the importance of internal control, the internal control audit has gained great attention by both the academic circles and the government. The real estate industry is one of the most rapidly developing industries in the late 80’s which drives the national economic growth and becomes an indispensable part of the national economic growth. The production chain of the real estate industry will exert a big influence on the life standard and happiness of all Chinese people. As a new economic growth point, the real estate industries should improve the internal control system in all enterprises. It affects the healthy and balanced development of national economy, especially today, when we are facing the spread of “financial tsunami” and the constant changing economic environment. Many enterprises are facing more and more unknown risks. Therefore, the internal control of the real estate industry has become a top priority.At this stage, the enterprises have been an unprecedented development. However, investment risks are increasing because of a large amount of costs, slow capital turnover and long construction time. The real estate has also influenced by some political and economic policy, and the regulation and control by the government continues to increase. In the real estate industry, the five phrases “making decisions, adjusting structures, guaranteeing market, solving stock, controlling pace” which fully reflects that the financial management is an crucial part of the real estate business to reduce investment risks. However, in the real management, many new concerns are arising as time passing by. Only by strengthening the internal control and taking corresponding measures can the competitiveness of enterprises be enhanced and the risks be reduced. The enterprises should improve the ability of preventing the financial risks and promote the healthy and sustainable development of the real estate industries.In this paper, we mainly use for kinds of research methods, including theoretical analysis, case study, and qualitative and quantitative combination. First of all, I present a brief introduction about the situation of the real estate industry. Then, according to the analysis of WD real estate company’s internal control to show an overview of China’s real estate enterprise internal control management. Meanwhile, I make an analysis and study of loopholes in the real estate enterprise internal control, combining with the practical situation of enterprises and the latesttheory of internal control and adopting the theory of risk management to the real estate enterprises, so that to provide some measures and suggestions for the improvement.