Internal Control Case

Author: Zhu Rong'en
Publisher:
Publish Date: 2005-08-01
Features: Internal control systems are an important component of modern enterprise management. They should be developed to meet the needs of production and operations, with the purpose of helping business operations become more rational, economical, efficient, and effective; ensuring the implementation of management decisions; maintaining the safety of assets and resources; guaranteeing the accuracy and completeness of accounting records; and providing timely, reliable financial and management information. In recent years, strengthening internal control and emphasizing risk management have become a consensus in corporate governance in China. In the late 1990s, the Ministry of Finance successively issued the "Basic Norms of Internal Control" and a series of specific norms. However, in practical operations, how to design reasonable and feasible internal control systems based on industry and enterprise characteristics and implement them sustainably and effectively has become the focus and challenge of internal control practice. The cases in this book start with over 100 relevant reports from domestic public news media, combining industry characteristics and current popular fraud and deception methods to analyze in-depth the defects and loopholes in internal control systems and operations. Through vivid facts, they demonstrate the importance and flexibility of internal control in enterprises' response to various risks, and on the basis of fully considering the business philosophy of maximizing enterprise value, they propose targeted and practical measures and suggestions for improving internal control management. Suitable for accounting and auditing students and teachers, as well as corporate managers in related industries.