Study Of Internal Control Of Purchasing Business Of HK Electronics Corporation

With the continuous development of economy,large enterprises collapsed,fraud scandal has been exposed,these directly affect the economic development and reputations of country,the governments have to focus on and take measures to manage and control it.In this context,the internal control of the old control method has been given a new historical mission,through theoretical research and practice of a few years,the theory of internal control has developed from the stage of checks and balances to the stage of risk management.HK electronics company is a traditional manufacturing enterprise,which has been developed for more than twenty years since its inception,the company is currently on the road to IPO.Such a company,in order to meet the dual objective of requirements for internal control of the companies and the need of self management from regulator to quasi listed companies,to carry out the carding and construction work of the internal control system.In this paper,after learning from the relevant theory of internal control and the forefront research home and abroad,carrying out a detailed investigation and analysis to the HK electronics company's procurement management process.This paper first briefly introduces the basic situation of the company,then introduces the HK electronic company's purchasing management situation,from the design of purchasing management system of the company to the concrete implementation and enforcement of the procurement management,and in accordance with the different types of materials,each of them were analyzed in detail,we found many problems and defects in the procurement process of different material types.On this basis,this paper makes a systematic analysis and refining of these problems,from the five elements of the internal control to find the root causes of problems and causes.Then,from the objectives,principles and methods of the internal control system of the procurement process of HK electronics company,putting forward and perfecting the corresponding improvement scheme from five respective aspects from the five elements of internal control corresponding,that is to improve the internal control environment to establish and perfect the system,to establish a risk assessment system to build business risk control problem,improve control measures to improve the existing internal control means,to establish communication channels to construct the information exchange platform,to construct supervision system to perfecting the internal control and inspection mechanism.This paper is based on the analysis of the actual situation of HK electronic company,and it is reference to the internal control system construction of similar enterprises.However,the internal control itself is uniquely designed based on the characteristics of the enterprise's operation and development stage,so the improvement plan proposed in this paper is also to be evaluated and improved according to the development of the enterprise HK electronics company.