Case Study On Internal Control Of Procurement Of Y Company

With the development of economy,it is more and more important to improve the corporate governance structure and internal control.As the starting point of production and operation,procurement business is related to the turnover of a large number of materials and funds,and is an important economic activity of an enterprise.In recent years,with the development of information technology and the change of market,the procurement business also faces various opportunities and challenges.The internal control of the procurement business is also an important aspect of internal control.For the enterprises of non-ferrous metal mining and dressing industry,the content of procurement business is complex,so it is very important to pay attention to cost control,quality assurance and supplier management,and strengthen their internal control to ensure the normal production.Based on the research results of internal control related literature,the application guideline of enterprise internal control No.7-procurement business and the internal control guideline of COCO Canada,this paper analyzes and studies the objectives,key risks and control activities of internal control of procurement business in non-ferrous metal mining and beneficiation industry in combination with the characteristics of enterprise procurement business and internal control in non-ferrous metal mining and beneficiation industry.This paper introduces the current situation of design and operation of internal control of Y company's purchasing business,analyzes and summarizes the achievements,explores the existing problems and their causes,then combines relevant theories,best practices and industry characteristics,puts forward the improvement and construction based on the actual situation of the case company,hope to provide reference for case enterprises and other enterprises in the industry.The research shows that although Y company has achieved certain results as a whole,there are some problems after the acquisition of Canadian mines,such as the internal control system of M & A integration cannot adapt to the specific situation of China,the procurement business cannot effectively play the group's procurement advantages,inter departmental coordination needs to be strengthened and the risk assessment is not specific and comprehensive.Based on the above analysis,the following suggestions are put forward: improve the system design,strengthen the group's unified internal control over procurement,strengthen the coordination of all departments,improve risk assessment,so as to further improve and optimize its internal control of procurement.