Research On Internal Control Of Dayou Energy Company

As a basic industry in the energy industry where China's economic construction plays an important strategic role,the internal control problems of the coal industry has become more prominent under the trend of competition and restructuring in the same industry.Many enterprises have unreasonable ownership structure and internal management system is not standardized.,internal control operations are invalid or even financial fraud.At the same time,because China's internal control system is still in the development stage,there are many loopholes,and the supervision systems of all parties have not yet been perfected.There are still problems to be solved from policy formulation to implementation.These problems have constrained the healthy development of modern enterprises.This text selects a state-owned coal enterprise,Dayou Energy Company,as the target of the case study,and launches its internal control problems from the major defects disclosed in the internal control audit report of the negative audit opinion for three consecutive years from 2013 to 2015.Cause of research.Based on the internal control theory and information asymmetry and other related theoretical knowledge,this paper studies and analyzes the internal control problems of the existence of large energy sources and explores the root causes of their problems based on the perspective of internal control defects,and proposes internal control based on the existence of large energy sources.The suggestions for the problem provide a useful reference for the rational design and effective operation of internal control of Chinese enterprises and promote their long-term development.In the introduction part,this text mainly introduces the research background and significance,ideas and methods,explains the purpose of the topic and determines the basic structure of the text,and also presents the results of research at home and abroad.In the main body of the case,the basic situation of the large energy source and its internal control defect identification standards and disclosure profiles are introduced,and the case events are described based on the perspective of internal control defects.The case analysis part first introduces the theoretical basis and the theoretical basis for the subsequent analysis.Based on the existing internal control deficiencies,it is proposedthat the large energy company has poor execution ability of the business decision-making and separation of duties control system,and the false information disclosure deviates from the internal control.The internal control issues of the four aspects of the target,the lack of risk management system and the failure of internal supervision are analyzed.Finally,the internal control problems are caused by the irrational corporate governance structure,insufficient understanding of internal control,and lack of independence of relevant regulatory authorities.In the end,the paper did not solve the internal control problem and proposed to strengthen the internal environment construction,improve the quality of information disclosure and strengthen the company's internal supervision system.