Research On Internal Control Improvement Of GY Tobacco Company Based On Financial Risk

With the booming of economy and the enterprise scale expansion in China,the living environment of enterprises becomes more complex,which causes no one can get all the information to support its development,the sustainable operation of an enterprise was constrained by a lot of risks especially the financial risks.However,the majority of enterprises in China are not able to identify or manage the risks effectively,which is reflected in both consciousness and internal control.As the research object of this paper,GY Tobacco Company have accumulated strong economic strength under the protection of the state's special operation and management system,However,the monopolistic management also causes many problems,it is obliged to face severer challenges under the tobacco control policy.Therefore,it is urgently for GY Tobacco Company to optimize the internal control mechanism.In order to optimize the internal control system for the company,it sorts out the internal management materials and audit data form the company,meanwhile adapts from the existing research achievements,it analyzes the present situation of the enterprise's internal control system from five dimensions based on the financial risks,and finds out many problems in the internal control system and then analyzes the causes.Finally,the internal control system is optimized both at the corporate level and the process level.precisely,the objectives and principles of the internal control system are made explicit,the enterprise internal control system at the corporate level is optimized by improving the internal control environment,strengthening financial risk management mechanism,perfecting financial control activities,promoting information communication and improving the financial monitoring system.On the other hand,the enterprise internal control system at the business process level is also improved by solving the problems of capital management,accounts receivable management and project management activities.Finally,safeguard measures are proposed to guarantee the effective operation of internal control system,in order to control and prevent the financial risks and reduce losses.