Research On Internal Control Of N Group's Branch Office

With the full implementation of China ' s "replacing business tax with value-added tax(VAT)",construction industry VAT invoices can also be issued online through the Golden Tax III System Phase III.Higher requirements have been set by the states to improve integrity,timeliness and accuracy in the construction business.As established industry,there are all kinds of people flocked to join in the construction industry which cause a mixed bag of the bad and the good.Thus,it is urgent to improve the level of enterprise management.Due to cross-region operations,most of them have set up branches to handle the affairs of local group companies,and the personnel stationed abroad are inevitably lazy in business.Based on the internal control theory and taking N group branch as the research object,this paper makes clear the current situation and existing problems of internal control in N group branch by analyzing its existing group company,branch system and business process.This paper starts from the corporate level and the business level respectively.The corporate level,based on the coso-erm framework,expounds the organizational structure,assessment and incentive mechanism,internal supervision and audit system,etc.At the business level,contract management business,seal management business,fund receipt and payment business and asset management with prominent problems are selected,and key risk points are found and studied in the form of flow chart.The study found that the N group subsidiary company level lack of internal control system,the related organization structure design,business process design is not reasonable,evaluation incentive mechanism and the internal supervision and audit mechanism is not sound,reflected in the business level is shown as: contract management,cash receipts and authorized examining and approving,not enough large items and lack of collective decision-making;Seal use lack of supervision,performance appraisal is a formality;The asset purchase plan is unreasonable and the asset acquisition and use is not registered;There are many problems such as improper equipment management,lack of inventory flow,irregular scrap flow and so on.In view of the problems raised,this paper puts forward the corresponding optimization scheme for the internal control of N group's branch company,hoping to improve the attention of N group to the internal control of its branch company and provide reference for the optimization of internal control of other construction enterprises.