Medium And Small-sized Privately Operated Enterprises Company SC's Monetary Internal Control Research

In China, there are lots of small or medium firm, Its GDP proportion is 60% and it's tax contribution is over 55%.In such a large group, the firm which has already established internal control system no more than 50%,and the one which have the perfect internal control system are much less.In this paper, the research object of SC company is the one of the small and medium-sized enterprises,and want to establish internal control system. In fact through a series of baseline investigation and field survey, we found that the company actually is inadequate in internal control. After communicate of the intention and the situation of the company, we begin from the money funds.This paper mainly form two parts to analysis the SC company monetary internal control problems.The parts which found on monetary business process divided into two aspects either.Payment process's problems mainly concentrated in six part,as approval,review,payment,accounting,reconciliation,notes and seal management. Inventory process's problem mainly focuses on the inventory cycle,form and accountability.The analysis of the overall framework of the COSO-ERM is based on company management and monetary related risk management and control activities.In the aspect of company management,there are control environment,information communication and supervision three aspects.The problem of controlling environment is mainly due to employee awareness and education level.The problem of information communication is mainly in the whole information transmission system of the company.The problem of supervision is due to the lack of the company's liability system. In the parts of monetary funds,the problem mainly concentrated in risk management and control activities.Through the assessment of the risk of monetary,the company has the risk of monetary fund security,daily management and forecasting, lack of the risk management awareness and risk response programs.In addition,the monetary and financial control activities of the problems exist in the approval,division of labor,property control,budget and performance evaluation.Because this company lack of internal control assessment system,and it couldn't calculate the present position and improve effects,so combination the company's environment,we build an internal control assessment system for this company,and calculate the present score,so that they can test the effectiveness of the improvement measures.Finally, after combination of those problems and evaluation results, we put forward our suggestion from the business process and frame system. And we are also put forward our own views and Suggestions for the construction of evaluation system for the future.