Research On The Application Of Comprehensive Risk Management In Price Determination

With the continuous development of China's socialism and the deepening of the reform process,risk management has been gradually valued and used by the administrative organs,companies and public institutions.Price determination emerges from the requirements for adapting socialist market economy,and the complexity and importance of it determines its high risk.In 2003,the incident of "pricy grapes" pushed the Price Certification Center into spotlight.Strengthening the research on price determination in risk management can promote the in-depth study on institutions risk management and risk management of price determination,ensure the legitimate rights and interests of the price determination staffs,and boost the smooth development of price determination.This research used case analysis,questionnaire survey,expert interviews,etc..Based on the analysis of risk management theory,combined with the practical situation of price determination,took relevant provisions on Internal Control Standards of the Administrative Institutions(Trial Implementation)of Chinas Ministry of Finance and ERM framework of United States COSO and Central Enterprises Comprehensive Risk Management Guidelines of SASAC for reference.Trying to build a comprehensive risk management framework of price determination,including the construction of risk management organization of price determination,risk identification and evaluation of price determination,risk management decision of price determination,culture construction of risk management of price determination,supervision and improvement of risk management activities in price determination,etc..The research proposes the following specific recommendations: to set up risk management leading groups and offices in price determination institutions;to analyze the reasons for the formation of price determination risk,not only consider the objective factors,but also the subjective factors;firstly suggest to establish grading system of the risk when assessing the risk of price determination;to evaluate the solutions may be taken when making risk decisions of price determination,selecting the proper one and positively coping with;to strengthen the risk management culture construction of price determination and enhance risk awareness and capacities to respond to risk;to establish the supervision and inspection mechanism in risk management activities of price determination,solving them in time,enhancing risk management level,and so on.The construction and the specific suggestions on the comprehensive risk management framework of price determination help in guiding all levels price determination institution price to carry out risk management,promote the price determination process,and have a certain theoretical significance and practical value.