Furen Pharmaceuticals Based On The Perspective Of Internal Control Case Study Of Financial Fraud

In recent years,the achievements of my country’s reform and opening up have continued to emerge,and the economic market has become more prosperous.However,due to the relatively imperfect supervision of corporate internal control,the internal control of a large number of domestic listed companies has failed,which has caused many negative effects on the stable development of the securities market and even social stability.In this case,we need to learn from foreign advanced and mature theories and experiences,and to improve the internal control system in accordance with the characteristics of listed companies in our country.This thesis mainly uses literature research method,case research method and chart research method to study the financial fraud cases of Furen Pharmaceutical.First,it briefly explained the definition of internal control and the related theories of financial fraud,and then analyzed the causes of financial fraud of Furen Pharmaceutical Company based on this theory,and concluded that Furen Pharmaceutical has the following problems: the chairman’s power is too large,There are defects in the structure of the board of directors,the composition of directors is relatively incomplete,there is a lack of checks and balances,and there are problems with the structure of independent directors.The responsibilities of the board of supervisors need to be improved and improved independence.Fu Jen Pharmaceuticals has insufficient risk assessment and response,and lacks a comprehensive risk assessment system.The company’s information disclosure control and accounting system control are flawed.The company’s internal communication efficiency is low,the communication is not smooth,and the information cannot be uploaded and released well.At the level of internal supervision,the independence of the company’s internal audit agency is relatively insufficient.Finally,this article puts forward suggestions on optimizing internal control and avoiding company’s financial fraud from five aspects,the purpose is to reduce the risk of fraud and reduce the loss caused by financial fraud.