Evaluation And Optimization Of Internal Control Of Food Manufacturing Enterprises In China Based On DHGF Integrated Algorithms

In the early 21 st century,a series of financial fraud incidents broke out in the United States.From Enron’s application for bankruptcy protection to the scandals of World Communications,Xerox,Time Warner and other major companies,the scale of the scandals continued to "record new heights".Such incidents not only caused great panic among investors,but also caused a heavy blow to the securities market.In order to improve the quality of internal control of listed companies and avoid the recurrence of this situation,the United States Congress and the Government accelerated the adoption of the Sarbanes-Oxley Act,requiring enterprises to evaluate and report on the effectiveness of internal control.In September 2004,the "Initiation Organizing Committee" issued "Enterprise Risk Management-Integration Framework.The importance of internal control is increasingly recognized around the world.The relevant regulatory authorities gradually revise and improve the evaluation system of internal control.In the process of blowout development of China’s economic market in recent years,financial fraud incidents of enterprises emerge in endlessly.Among them,the food manufacturing industry has frequently experienced fraudulent practices and financial crisis,which has attracted the attention of people from all walks of life.Incidents such as "Sanlu Milk Powder" and "Beingmate Financial Fraud Event" have seriously affected the profits and reputation of the company and even the industry due to strictly and effectively guard against financial and operational risks,false financial data disclosure and untrue information.Manufacturing industry is the pillar industry of the national economy,and food manufacturing industry,as an important part of it,has a vital position and role in the national economy.In order to make the rapid and vigorous growth of food manufacturing industry coexist with the healthy and stable development,it is necessary to pay more attention to the construction of enterprise internal control system and the effect evaluation.On June 28,2008,the Ministry of Finance and other five ministries and commissions jointly issued the Basic Standards of Enterprise Internal Control and other documents,which clearly stipulated and demanded the evaluation subject,basis and scope of internal control.With the continuous improvement of the system and norms,Chinese enterprises are also strengthening the construction of internal control.On January 21,2019,General Secretary Xi Jinping emphasized the importance of focusing on preventing and resolving major risks in the seminar on risk in the Central Party School.Faced with the complicated and sensitive international situation and the surrounding environment,we must be highly vigilant against the "black swan" and the "gray rhino" incident.We should not only have the first hand to prevent risks,but also have the high tactics to deal with and resolve the risk challenges.In addition,it emphasizes the need to make great efforts to solve the vital interests of the people,do a good job in employment,social security,medical and health,food safety,safety in production and other aspects.The central government is also focusing on risk prevention measures.It is an urgent task to further improve risk prevention and control mechanism,establish and improve decision-making risk assessment mechanism,risk prevention and control coordination mechanism and responsibility mechanism.At present,the framework of internal control evaluation has been basically formed in our country,but the extensive applicability of normative documents is difficult to take into account the characteristics of each industry.Therefore,more attention should be paid to detailed research,and the construction of internal control evaluation system should be explored in different industries and areas.This paper studies the internal control evaluation system of food manufacturing enterprises,not only to further improve the internal control system of our enterprises,but also to respond to the call of the Party Central Committee to guard against risks,which has profound significance of the times.Firstly,through collecting,summarizing and summarizing relevant literature,combing the current domestic and foreign experts and scholars for internal control evaluation theory and methods,further explore the factors affecting the effect of internal control,in order to improve the evaluation system of internal control for food manufacturing industry.Secondly,on the basis of five objectives and five elements of internal control,the DFGH integrated algorithm is used to comprehensively and systematically analyze the problems and weaknesses in the process of evaluation of internal control in food manufacturing enterprises by integrating qualitative analysis and quantitative calculation,theoretical concepts and practical situation.Thirdly,this paper establishes an evaluation system based on industry characteristics and case studies of specific enterprises,trying to get the results of refinement effect evaluation and defect analysis for food manufacturing industry,providing reference data for listed companies in the same industry,and puts forward improvement ideas and concrete suggestions.In the construction of internal control system,this paper synthetically chooses relevant indicators from multiple perspectives: firstly,based on several theories;secondly,it analyses the status quo of internal control of food manufacturing industry in China according to industry characteristics;finally,it synthesizes the implementation effect and design situation at two levels,and guides enterprises by five objectives and five elements.The internal control system of the industry is analyzed and evaluated more comprehensively.By using DHGF integrated algorithm and combining the opinions of experts and professionals and the data of questionnaire survey,this paper makes the qualitative target of "internal control effect" have a quantitative description,which is more intuitive and more reflective,and overcomes the implicit results of traditional methods and is difficult to accurately target.Point of pain is the disadvantage of improving measures.There are a wide range of theoretical studies on internal control evaluation in foreign countries,but most of them are based on the development of localized enterprises,and they are not universal to Chinese enterprises.Many domestic research methods and evaluation levels for internal control evaluation are relatively single,and few can combine industry characteristics.This paper chooses typical cases in China,and some shortcomings of Beingmate internal control are universality in some food manufacturing companies.Therefore,the results of this study can provide reference for listed food manufacturing companies in China.