Research On Tax Risk Management Of KY Company Based On Internal Control

Risk management is an important part of modern enterprise management system,and tax risk management has become an important part of enterprise risk management and corporate governance.With the increasingly fierce competition in global economic development and the tax scandals of many well-known global companies,tax risk management has attracted more and more attention from global enterprises.As one of the effective means to manage the enterprise's tax risk,strengthening the construction of internal control has become an urgent need for more and more enterprises.Under this background,this paper chooses KY as the research object to study the internal control of tax risk.This paper analyzes arrangement of the tax risk management of KY Company on the basis of the literature review of the existing tax risk at home and abroad.The basic theory of tax risk research based on this paper is introduced,as well as the basic situation,tax-related situation and the internal control of tax risk.Then,it analyzes the effect of KY's tax internal control by financial index and related tax index.It identifies and evaluates the tax risk of KY company in the process of index analysis.It shows that KY's internal control of tax risk is not effective.And from the various levels of enterprises,all aspects and various angles in-depth it analyzes the main reasons for the formation of its tax risk,so that its internal control construction is to be improved.Finally,the paper puts forward rational countermeasures to improve the tax risk management process and internal control mechanism of KY company based on the five factors of internal control.First,it is to improve the internal environmental control of tax risk,which is important for enterprises to implement internal control.The second is to establish a tax risk assessment system,which is an indispensable part of internal control;third is to strengthen tax risk control activities as an essential means for enterprises to establish and implement internal control;Fourth,to ensure smooth communication of tax risk information,which is an important condition for the establishment and implementation of internal control;Fifth,the establishment of tax risk monitoring mechanism,which is an solidguarantee for the establishment and implementation of internal control.These countermeasures are expected to be able to help to improve its corporate tax risk management system.