The Internal Problems and Suggestions of Control in Wuzhou Zhongheng Group
Abstract
Establishing a sound internal control can be reasonable to ensure legal compliance of business management, asset security, financial reports and related information integrity and to improve operational efficiency and effectiveness as well as to promote the development of enterprise strategy. In 2008, China issued the "basic norms of internal control" and released "supporting internal control guidelines" in 2010, which marks the establishment of the internal control system of our country. With the establishment of this system, a higher requirement is needed for the enterprise of our country especially the establishment and improvement in internal control of listing Corporation. This paper takes Guangxi Wuzhou Zhongheng group as an example, the company pointed out that there are the existing problems of internal control. Which is the specific performance of the company system is not perfect, the operation efficiency of the board of directors is low, and the information disclosure is not timely and incomplete and the implementation of internal control is insufficient. This paper also analyzes the causes of the problem. Deficiencies in the emphasis on internal control, imbalance in ownership and right of management system, lack of risk awareness, and imperfect supervision mechanism are the main causes. Therefore, the author puts forward a perfect measure to upgrade the internal control recommendations for the company. The perfect measure is to strengthen risk awareness and establish a sound risk management system as the core. At the same time, to improve and optimize the internal control environment as the basis and to improve the supervision mechanism, strengthen internal supervision and evaluation of internal control in order to ensure.
Key words: Zhongheng group Internal control The five elements of internal
