Research On Optimization Of ZT Company’s Internal Control

As Chinese enterprises go global,the business environment is becoming more and more complex and risky.If enterprises want to develop healthily in the long term,they must establish and improve their internal control,let all employees of the enterprises participate in the construction of internal control,guarantee the effectiveness of internal control,enhance the ability of enterprises to cope with risks,strengthen their competitiveness,and thus achieve their strategic goals.ZT,as a Tianjin state-owned enterprise,is the main investment body in Egypt Economic and Trade Cooperation Zone,which is the first phase of One Belt,One Road.After years of development,this company has established a relatively sound management system,but with the continuous expansion of market scale and business scope,the company faces increased competition and risks,which requires higher and higher level of internal governance and management of the company.In recent years,ZT’s internal management has revealed more and more problems,the company’s internal control construction is just a formality,the leadership’s weak risk awareness and the lack of internal supervision are prominent,the company’s current internal control system is no longer able to provide guidance and guarantee for the development of various businesses,and the company’s further development is facing a severe test.Both the policy regulations of external regulators and the internal needs of the company’s development require the company to optimize its internal controls.Based on internal control-related theories and domestic and international internal control research literature,this paper conducts internal control optimization research with ZT Company as the object.After a brief introduction of ZT’s development history,business operation status and personnel distribution,this paper summarizes and composes the current internal control status of the company using the five elements of internal control as the basic analysis framework.The paper then evaluates the internal control at the enterprise level by using questionnaire survey method,analyzes the internal control at the business level by using individual interview method,and evaluates the design and implementation of internal control by using walk-through test method to extract documents and approval information of key business processes,etc.The results of questionnaire,interview and walk-through test are integrated to analyze many problems of internal control in ZT Company.In response to the identified internal control problems,based on the optimization principles of comprehensiveness,importance,checks and balances,adaptability and cost-effectiveness,while taking into account the actual situation and needs of ZT,the company’s internal control optimization measures are finally proposed.The process of ZT’s internal control optimization study shows that management’s awareness of risk prevention and the importance it attaches to internal control play a key role in the construction of the enterprise’s internal control;the internal control The construction of internal control system should focus on system construction;enterprises must play the role of internal supervision.The study on the optimization of internal control of ZT Company helps the company to improve its internal control level and risk response capability,which is constructive for the sustainable development of the company in the future,and can also provide some reference and reference for similar companies to optimize their internal control and improve their risk response capability and management level.