Research On Effectiveness Evaluation Of Internal Control Of C Corporations

Agriculture is an industry that our country and the Party attach great importance to.The country and the Party have put forward stricter operational requirements for the development of agricultural enterprises.It is necessary to upgrade the industrial structure,improve industrial quality,and strengthen industrial standards in order to adapt to the development of modern agriculture,which is also the future development direction of agricultural enterprises.However,the operating situation of agricultural listed companies in China in recent years is not optimistic,showing many problems: poor overall operating conditions,limited risk management capabilities,and neglect of sustainable development.Through research,it is not difficult to find that the internal system of agricultural companies has related problems,as well as certain defects in the internal control system,which led to the emergence of these problems.Therefore,finding out the design and operation issues of internal control processes in agricultural companies is an urgent task at present.Only by solving the design and operation issues of internal control can the effectiveness of internal control in agricultural companies be improved and the sustainable development of agricultural listed companies be realized.To improve the effectiveness of the company’s internal control and identify weaknesses in internal control,one can establish an internal control evaluation system suitable for one’s own enterprise based on the industry and business characteristics of an agricultural company,objectively evaluate the company’s internal control status through the evaluation obtained,identify weaknesses in internal control,and formulate reasonable improvement measures.This paper combines qualitative and quantitative methods,firstly,combines relevant research on internal control effectiveness at home and abroad,elaborates on relevant concepts such as internal control effectiveness,evaluation criteria of internal control effectiveness,influencing factors of internal control effectiveness and evaluation methods of internal control effectiveness,and introduces the principal-agent theory,COSO2017 framework and other theoretical basis and its application in this paper.And collect relevant policies such as internal control guidelines issued by our country as the basis for writing this paper,which provides substantial theoretical tools and policy basis for the follow-up writing of this paper.Secondly,this article summarizes the current internal control status and evaluation of C Company,analyzes the existing problems,and concludes that C Company urgently needs a more effective internal control evaluation system;Then,based on the characteristics of the agricultural industry of Company C and the actual situation of Company C,following relevant construction principles,guided by the five elements of the COSO 2017 framework and 20 basic principles,25 specific qualitative evaluation indicators were selected,and8 key representative financial indicators were selected as quantitative evaluation indicators to establish an evaluation index system for the effectiveness of internal control of Company C;After that,collect and sort out the data obtained from the questionnaire survey,comprehensively use the analytic hierarchy process and fuzzy comprehensive evaluation method to determine the weight and assign a value;Finally,through a comprehensive evaluation of the effectiveness of internal control in Company C,it is concluded that the internal control of Company C is basically effective,but there are still weak links and shortcomings.Therefore,this article accordingly proposes five suggestions for improving the effectiveness of internal control in Company C,which also provides reference significance for the modernization development of agricultural enterprises and the improvement of the effectiveness of internal control in China.