A Case Study On The Internal Control Of IL Company

Internal control are a series of policies, rules and procedures which are employed for the implementation of the goal of the enterprise, as well as an important means of enterprise management. A good and effective internal control system will improve management efficiency, enhance the level of the management which is of great significance for enterprises. In recent years, under the government's guidance and supervision, represented by the listed company of our country, enterprises pay more attention to its own internal control system construction which have made great progress. But there are still many problems and shortcomings, leading to the lack of scientific basis for decisions on enterprise management, efficiency and the risk consciousness, and ultimately deteriorations to the company's operations and huge economic benefits. So how to improve the level of internal control has now become an important issue in promoting the efficiency and controlling the risk of company management.This paper integrates the methods of normative analysis with case analysis in terms of internal control and risk management. Typically the practice of IL company is demonstrated by researching and analyzing the current situation of internal control, which is studied to put forward to constructive ideas and methods. Overall, this paper firstly theoretically expounds the important function of the internal control in company, and the significance of this article; Secondly in view of the Chinese listed enterprises which presented the nation's companies, we analyzes the existing status and problems of the internal control after years of development; Finally, in case of IL the company's management practice, we summarizes the company's internal control situation and existing problems within the basic theory and empirical research and comes to suggestive ideas to the company's internal control.In sum, from the point of internal control and risk management, combining the theoretical and empirical research, the article considers the main problems of internal control in China's listing corporations. Furthermore, thinking of the implementation of IL company and some proposals about its internal control system, we not only expand the modern enterprise management and risk control theory and add cases to the modern enterprise internal control management, but also provide reference for the IL company to improve the internal control system in practice. We hope the results could be of help for other similar enterprises to improve the internal control system.