Research On China Listed Companies Connectedtransaction Control

With the continuous development and evolution of the modern company,the organization form of parent subsidiary companies,multinational corporations and so on.The connected transactions of listed companies in our country have become so common and frequent that the number of non-fair and even non-standard connected transactions is increasing.For the related party transactions of listed companies,the relationship is very complex and hidden,many listed companies are driven by the interests of the way through connected transactions to adjust profits,make false business performance.These unfair connected transactions can not get the most effective allocation of resources in the market,mislead investors to make decisions,but also inevitably increase the audit risk of listed companies.Some of the major shareholders of listed companies through connected transactions to deliver or transfer of corporate profits,the means of false packaging so that the profits of listed companies were stolen,thus seeking personal gain.In order to avoid the emergence of such problems,connected transactions in the management and control system of listed companies will become important part.But from many listed company operation process,can still be found in the connected transactions frequently out of control,to seek personal gain by such means the phenomenon still exists,given the business losses caused by this is immeasurable.From the survey of internal control in 2106 found that the major problems of internal control audit of connected transactions has become the first major problem of internal control audit.Therefore,the establishment of a comprehensive and internal control of connected transactions application guideline is the most important issue.This paper based on the case of 2013-2015 connected transactions of the listed companies as the research perspective,to explore the internal control problems in the process of connected transactions,and combined with the case of HJ company through in-depth analysis of the operational level,the main risks of HJ company connected transactions in the control process,and finally put forward the corresponding control measures according to the existing risk points and then provide some suggestions and references for China listed companies of the internal control of connectedtransaction.Firstly,for the reason of choosing the subject,background,current research status of the topic,research methods and framework of the research are summarized,especially on the internal control of connectedtransaction of the domestic and foreign research results are summarized and concluded,become the basis for research of this topic to carry out.Then it introduces the internal control and internal control of connectedtransaction related theory,interpret the meanings of internal control of affiliated party andconnectedtransaction,focuses on the analysis of necessity and control risk of the internal control ofconnectedtransaction.Secondly,this paper takes the internal control audit of 2013-2015 in our country as the point of discussion,and analyzes the major problems of connectedtransaction in the form of data analysis.Finally,the case study of HJ Company connectedtransaction and its internal control.This paper introduces the basic situation of HJ company,and then according to the problems of internal control from the business lever analyzed and summarized its risk points,and combined with the content of the paper,in the process of internal control related transactions of the listed companies,should from business level of analysis,put forward the measures of strengthening internal control connected transactions of listed companies,hoping to achieve positive effects on the construction of the application guidelines of the internal control of connected transactions in China.