Research On Procurement And Payment Internal Control Of A Company

Today,with the rapid economic development,both large-scale listed companies and small-scale private enterprises have increasingly attached importance to the role and influence of internal control in internal management.In the internal control system,the procurement and payment link is one of the most important links and often has a direct impact on the daily operations of the company.In this link,companies are prone to blind purchases,false prices,and rebates,which increase the risk of corporate funds.Therefore,internal control over the procurement and payment links of enterprises should be strengthened,and effective and standardized procurement payment procedures should be established to avoid various problems in the procurement and payment processes in advance and to ensure the effective implementation of corporate procurement and payment services.Strengthening the internal control of this link is essential to the establishment of an internal control system for the enterprise.Based on the internal control theory and related processes of procurement and payment,this paper uses small and medium-sized manufacturing company A as an example.It uses field visits and in-depth interviews to study the internal control activities of its procurement and payment links,and analyzes its existence.insufficient.Combining the theory and the normative process,starting from the actual status of Company A,an optimization plan is proposed to improve the internal control mechanism of its procurement and payment links.First of all,I introduced the background and significance of the topic selection,and elaborated and summarized the research on the issue of internal control of procurement and payment links on the basis of relevant literature.Then we summarized the related theories of internal control in procurement and payment.Afterwards,the history and status quo of A company’s development and the process of procurement and payment link studied in this paper are introduced in detail.Through the effectiveness test of the internal control of the procurement and payment link of Company A,the existing problems were discovered and demonstrated empirically including lacking of supplier information system and going for approval.According to the field investigation and analysis of the reasons for the formation of the problem,the company proposed to improve the internal control of procurement and payment links and suggestions,and combined the theory and practiceto strengthen the company’s internal control mechanism to provide a strong guarantee for its good operations..At the same time,it is also used as a reference for similar enterprises,and it will provide a reference for improving the internal control of procurement and payment links for similar small and medium-sized manufacturing companies in China.