Construction Of Internal Control Research Articles

ASSESSMENT OF COMPONENTS OF THE INTERNAL CONTROL SYSTEM FOR THE PURPOSE OF RISK MANAGEMENT OF ORGANIZATIONS

An effective internal control system is closely related to the risk management of the organization, namely, it reduces the risks of failure to achieve the set goals and, according to the COSO concept, provides reasonable assurance of their achievement. The subject of the study is the assessment of the components of the internal control system for the purpose of risk management of organizations. The object of the study is the internal control system of the organization. The article raises the problem of developing a methodology for assessing the formation of all components of the ICS in accordance with the COSO model. The problem lies in the insufficient number of studies on the systematization of control procedures for each component of the ICS in the context of assessing the system, describing standard and non-standard situations that must be responded to promptly and how to assess such situations in the context of internal control and risk management through qualitative indicators that are not measurable. Model. To substantiate the methodology for assessing the formation of all components of the ICS in accordance with the COSO model, the criterion for assessing and measuring non-financial indicators of financial stability of organizations is presented. The study uses the grouping method, which allows studying the interrelations of phenomena, as well as their interdependencies, to identify the influence of certain factors and trends. The article uses the comparative method as the most common method of analysis, as well as the methods of induction and synthesis. Conclusions. The methodology for assessing the formation of ICS components in accordance with the COSO model in organizations is of theoretical significance in terms of developing scientific and theoretical provisions concerning the construction of internal control and improving the effectiveness of ICS, as well as practical significance in the context of applying the developed package of documents. Practical significance. As a result, the methodology for assessing the formation of all ICS components in accordance with the COSO model was substantiated, a number of documents were developed that systematized the indicators for assessing the ICS components, including non-financial indicators. It is proposed to form a map of typical situations: standard and non-standard, as well as situations with increased complexity, allowing you to create new algorithms for action to reduce risk. Originality. The author's contribution is to develop a methodology for assessing the formation of all ICS components in accordance with the COSO model.

A SWOT Model-Based Analysis of Marketing Strategy Taking Mixue Ice Cream and Tea as an Example

Peoples living needs have become increasingly diversified as a result of the rapid development of the economy. In recent years, the freshly-made tea beverage industry has seen a surge in popularity, with numerous tea beverage brands entering the market. The tea industry has formed a fruit-flavored tea and milk tea beverage model based on high-quality tea, gradually replacing the dominant position of tea powder preparation in the past In order to obtain a place in the fierce market competition, the majority of tea brands must fully understand the market changes and their own development status, and formulate long-term development strategies. This paper takes Mixue Ice Cream and Tea (hereinafter referred to as MIXUE) as the research object and uses the SWOT model to analyze its strengths, weaknesses, opportunities and threats. Besides, we analyze and study its own status quo in the construction of internal control. We also formulate future marketing and development strategies for MIXUE, aiming to improve its brand competitiveness and help it to achieve substantial development.

Optimization of Internal Control for Budget Operations in Public Institutions Based on Random Forest Algorithm

In order to promote the construction of internal control in public institutions and improve work efficiency, the author proposes an optimization of internal control in public institution budget business based on random forest algorithm. We have constructed a big data audit framework for internal control of A Maritime Bureau based on the financial cloud platform and sorted out its audit process. By using the random forest algorithm to identify suspicious points in the internal control audit of administrative institutions at the data level, an example analysis is conducted using some data from A Maritime Bureau's assets, budget, revenue and expenditure, infrastructure, and contract business. The results indicate that the design of the internal control big data audit plan for administrative institutions will promote the innovation of audit information technology and application in A Maritime Bureau, provide theoretical guidance for the internal control big data audit carried out by administrative institutions, and effectively solve the problems of high workload and low work efficiency when A Maritime Bureau conducts internal control big data audits, thereby improving audit efficiency.

STRUCTURE AND MEASUREMENT OF UNIVERSITY FINANCIAL RISK

Since the 1990s, higher education in China has expanded significantly. In 2020, the gross enrollment rate will reach 54.4%, and the total number of students in higher education accounts for one-fifth of the total scale of higher education in the world, ranking first in the world in terms of scale. The scale of higher education in China has grown, and the continuous increase in investment in higher education funds has increased the difficulty of controlling financial risks. Strengthening the prevention and control of financial risks in colleges and universities and strengthening the construction of internal control will be of great significance to the healthy development of universities. To understand the sources and causes of financial risks in universities, this study interviews the financial staff of S University and constructed a structural map of financial risks in universities using the grounded theory method to obtain data. The researchers compiled a questionnaire to study the financial risk of universities, distributed and received back 308 questionnaires at S University. By analyzing the survey data, the constructed structure of the financial risks of the university was verified.

ОСОБЛИВОСТІ ОРГАНІЗАЦІЇ ВНУТРІШНЬОГО КОНТРОЛЮ НА ПІДПРИЄМСТВАХ З ПРОКАТУ МАЙНА

The article examines the peculiarities of the organization of internal control at property rental enterprises. The main elements of the internal control system of property rental enterprises are determined – control environment, goals, functions, tasks, principles, subjects, objects, control procedures, methods and users of control information. The organization of the internal control system of rental business enterprises is defined as a set of actions aimed at ensuring the effective functioning of a set of interconnected and interdependent elements, thanks to which internal control acquires rational characteristics necessary for the implementation of the tasks and achievement of the goals set by the owners and management of the enterprise. Attention is drawn to the fact that approaches to the organization of internal control will depend on the policy followed by the owners and management of the enterprise in order to establish an effective mechanism for the functioning of this control system. The purpose and goals of internal control in the information provision of the management system of the decision-making process in order to create conditions for the effective operation of rental business enterprises are specified. Determining the functions of internal control. It is recommended to start the organizational process with the setting of control tasks, based on which the control objects and the list of control procedures that will be used in the process of their verification are specified. The need to implement all stages of the organization of internal control in compliance with the key principles of control was considered. Attention is paid to the world practice of using the COSO model of internal control construction, with the definition of the conceptual basis of risk management and the goals it is focused on achieving. The importance of identifying risks associated with the functioning of control objects of property rental enterprises is revealed, which directs the attention of internal control to those areas where financial losses are most likely to occur. Attention is focused on the need to define the circle of persons who carry out control, i.e. control subjects who will perform specific tasks of control of property rental activities. It is recommended to distribute powers between control subjects in accordance with job duties in the organizational structure of the enterprise or internal control service, with the establishment of information links between all control subjects. The possibility of organizing internal control at rental business enterprises under outsourcing conditions was considered.

Research on Internal Control Optimization of Geological Team A

At present, there are still many areas for improvement in the internal control construction of Geological Team A. The construction of systems, organizations, decision-making, information systems, and other aspects is weak, and the processes of budgeting, revenue and expenditure, procurement, and construction are not standardized. The execution and supervision of internal control are also inadequate, and the effectiveness of internal control is greatly reduced. This has exposed many risks in the business development of Geological Team A, which has long been detrimental to the survival and competition of the unit in the industry. Therefore, this article takes Geological Team A as the research object, based on the framework of "Unit Internal Control Standards", and referring to relevant research on internal control, geological exploration institutions, and internal control of public institutions at home and abroad, analyzes the current situation of internal control of Geological Team A from the unit level and business level, summarizes the problems of internal control, and proposes feasible optimization measures based on the actual situation of the unit, Intended to improve the internal control system of Geological Team A, enhance its comprehensive strength, and provide some reference for the internal control construction of other geological exploration institutions.

Optimizing internal control in public hospital supply chain: a game theory-based approach.

Our study aims to enhance the precision of internal control construction within public hospital supply chains and minimize the subjective bias influence. We have integrated the game theory combination weighting method into the design of internal control paths and based on this, developed a series of pioneering solutions. This innovative approach is anticipated to heighten the effectiveness and scientific rigor of the internal control design scheme within the supply chain. Firstly, we utilized literature review and expert interviews to delve into the key factors of public hospital supply chain internal control, forming an index system for public hospital supply chain internal control that aligns with current informatization requirements. Subsequently, we incorporated the Game Theory Combination Weighting Method into this study. By means of the Analytic Hierarchy Process and the Entropy Weighting Method we determined the subjective and objective weights of each index and obtained their comprehensive weights through the Game Theory Combination Weighting Method. Then, based on the analysis results, we designed a series of internal control construction schemes and implemented these schemes at Weifang Maternal and Child Health Hospital between 2019 and 2023. Finally, using the Fuzzy Comprehensive Evaluation Method to assess and compare the actual effects before and after the implementation of the schemes, thereby validating the effectiveness of the Game Theory Combination Weighting Method in the design of the internal control path of public hospital supply chains. The fuzzy comprehensive evaluation results for the years 2019 and 2023 demonstrated that after implementing our design schemes using the Game Theory Combination Weighting Method, the hospital's satisfaction in aspects such as plan-side control, purchase-side control, asset-side control, expenditure business control, and contract management control has significantly improved. Our research indicates that the Game Theory Combination Weighting Method is applicable to the path design of internal control links in public hospital supply chains. This method has effectively enhanced the targeted improvement of weak links within the construction of internal controls in the supply chain of public hospitals and is of great significance for improving the scientific nature of supply chain internal control management.

ANALYSIS OF THE COMPONENT ORGANIZATION OF THE SYSTEM OF INTERNAL CONTROL OF CALCULATIONS FOR COMMODITY TRANSACTIONS AT THE ENTERPRISE

It has been established that internal control, as an integral component of the successful operation of the accounting system of a business entity, is an important tool of internal control, the implementation and effective functioning of which is able not only to timely detect violations in the field of organization of accounting at the enterprise, but also to prevent improper display of information and its further accumulation in reporting. The choice of optimal components of the internal control system plays an important role in determining the strategic priorities of the enterprise, and is reflected in the improvement of its reporting indicators. It is proposed to carry out the system of internal control of settlements for commodity transactions by studying the features of the construction of internal control of settlements with suppliers, debtors, as well as the calculation and payment of VAT. For each of the directions, the purpose of the inspection was defined, a list of control procedures was formed, the components of information support were established, and methodological tools were selected. In general, the conducted studies have shown that the construction of an effective SMC of settlements for commodity transactions requires taking into account not only the peculiarities of the business entity’s activity, but also the assessment of the forms of interaction with other systems that collectively form the general system of enterprise management. The effectiveness of SVC calculations is ensured thanks to the selection of a specific set of methodological techniques for each of the verification stages.

Organization of staff-benefits internal control: Development of methodological approaches

Subject. This article deals with the methodological issues of building an internal control system in the context of ensuring the expediency and effectiveness of operations accompanying the process of remuneration of personnel. Objectives. The article aims to develop methodological approaches to the organization of internal control of staff remuneration. Methods. For the study, we used analysis and synthesis, particularization and logical generalization, and the systems and risk-oriented approaches. Results. The article proposes certain measures to help to carry out internal control of personnel remuneration and developed proposals to minimize the key risks that accompany the remuneration management process. The article also describes the algorithm for the implementation of control procedures, the implementation of which will help improve the reliability of information on personnel remuneration. Conclusions and Relevance. Analysis of the effectiveness of the use of funds for remuneration, the information support of which is made up of accounting data, and the reliability of the formation provides a set of measures of documentary and actual control, has great potential in the process of implementing internal control of remuneration of personnel. The results of the study can be used in the process of developing methodological approaches to the construction of internal control of personnel remuneration and approval of its regulations, and can also be applied by financial controllers, accountants and heads of financial services in the process of accounting and control work in the organization.

Research on the Internal Control Environment of State-owned Enterprises

With the development of China's economy and social progress, enterprises have put forward new requirements for their own management ability. In order to better adapt to the development needs of the current market economy, state-owned enterprises must strengthen the internal control construction. In this process, we should start from many aspects and take corresponding optimization measures to improve its internal control level. This article mainly analyzes and discusses the internal control environment of state-owned enterprises. Taking H Enterprise as an example, it analyzes some common problems and causes of state-owned enterprises at present; At the same time, it also points out that there are still some deficiencies in the internal control environment of state-owned enterprises at the present stage, and then puts forward specific measures to further improve the internal control environment of state-owned enterprises, in order to effectively improve the status quo and existing problems of the internal control environment of state-owned enterprises through these measures.

The Impact of Digital Transformation on Internal Control Quality: A Study Based on Five Components of Internal Control

With the rapid development of globalized digital technology, digital transformation has been a topical issue in business sectors. Organizations are facing dynamic adjustments in corporate strategy objectives and disruptive innovation in operation management in the process of digital transformation, which is bound to bring a significant impact on the construction of corporate internal control. This paper focuses on the theoretical analysis of the effect mechanism of digital transformation on corporate internal control quality from the five components of internal control, which are creating synergies of the control environment, the automation of risk assessment, the intelligence of control activities, the transparency of monitoring activities, as well as the sharing of information and the consistency of communication. And it has been demonstrated in detail that digital transformation has a positive impact on the improvement of corporate internal control quality. The research results provide new insights for deepening the digital transformation of enterprises and improving the internal control system.

Research on the Influence of Internal Control Quality on Enterprise Performance

If an enterprise wants to enhance its sustainable competitiveness and achieve the growth of its performance, high-quality internal control is essential. This paper takes the relevant data of China's Shanghai and Shenzhen A-share listed enterprises from 2010 to 2019 as a sample to deeply explore the correlation between internal control and enterprise performance, and draws the following conclusions: the improvement of internal control quality can obviously promote the increase of enterprise performance level, and the improvement of enterprise internal control construction is conducive to achieving better business performance and promoting enterprise performance growth.

The Construction of Conceptual Framework of Enterprise Internal Control Evaluation Report

In practice, although there is no doubt about the role of enterprise internal control, how to evaluate the effect of enterprise internal control and the auditability of internal control has always been a difficult problem that plagues the theoretical and practical circles. The problems existing in the construction and development of enterprise internal control, such as the information content problem in the enterprise internal control evaluation report, are largely due to the lack of the conceptual framework of enterprise internal control to guide the internal control theory of enterprises. Therefore, the establishment of a set of conceptual framework for the evaluation report of internal control of enterprises and a full understanding of its importance play an important role in solving the practical problems faced in the practice of internal control of enterprises and promoting the construction and development of internal control of enterprises. The construction of the conceptual framework of the internal control evaluation report of an enterprise should adopt the viewpoint of the essential starting point theory, learn from the experience in the construction of relevant conceptual frameworks, start from the concept of the conceptual framework, clarify the main users of the report and their common needs, and combine the functions of the internal control evaluation report. Then, determine the objectives of the internal control evaluation report. This paper proposes that the introduction of information quality characteristics, elements of internal control evaluation reports, and cost-benefit measurement concepts can achieve the preset goals of enterprise internal control evaluation reports.

Dynamic Evaluation and System Coordination Study of Asset Valuation Based on Deep Learning

With the rapid development of artificial intelligence, the information construction of the database plays a very important role in various industries, such as the field of asset appraisal. Therefore, we can use deep learning technology to carry out a dynamic evaluation of asset appraisal, simultaneously adjust, and improve the coordination degree for such system. In this paper, according to asset appraisal theory, we conduct a comprehensive scientific study on asset appraisal about the information construction of the database and the evaluation system, which is conducive to promote the self-improvement and development of the asset appraisal industry in terms of internal control construction. Experimental results show that our method using DL (deep learning) can well accomplish the dynamic evaluation of asset appraisal with competitive performance.

Research on the Informatization Construction and Development Mode of Internal Control in Colleges and Universities Based on Game Model

With the advancement of information technology, the informatization construction of internal control has evolved into crucial fundamental support for the construction of internal control in colleges and universities. The informatization construction of internal control is a systematic project of which the selection of software development mode is the key link. In this paper, a detailed analysis is carried out on the equilibrium strategy of the two parties in the game between the informatization construction department of internal control in colleges and universities as well as software development companies by establishing a game model and a software maintenance risk management model for both sides, in order to probe into the selection of the software development mode in colleges and universities. The model test and case study prove that the fully commissioned development mode is the optimal mode for the informatization construction of internal control in colleges and universities, and relevant suggestions are made. This research has provided sufficient theoretical support for the informatization construction of internal control in colleges and universities.

Internal Control Construction and Risk Prevention of Enterprise Financial Management

Internal Control Construction and Risk Prevention of Enterprise Financial Management

Merging Fungal and Bacterial Community Profiles via an Internal Control.

Integrated measurements of fungi and bacteria are critical to understand how interactions between these taxa drive key processes in ecosystems ranging from soils to animal guts. High-throughput amplicon sequencing is commonly used to census microbiomes, but the genetic markers targeted for fungi and bacteria (typically ribosomal regions) are domain-specific so profiling must be performed separately, obscuring relationships between these groups. To solve this problem, we developed a spike-in method with an internal control (IC) construct containing primer sites commonly used for bacterial and fungal taxonomic profiling. The internal control offers several advantages: estimation of absolute abundances, estimation of fungal to bacterial ratios (F:B), integration of bacterial and fungal profiles for holistic community analysis, and lower costs compared to other quantitation methods. To validate the IC as a scaling method, we compared IC-derived measures of F:B to measures from quantitative PCR (qPCR) using a commercial mock community (the ZymoBiomic Microbial Community DNA Standard II, containing two fungi and eight bacteria) and complex environmental samples. For both the mock community and the environmental samples, the IC produced F:B values that were statistically consistent with qPCR. Merging the environmental fungal and bacterial profiles based on the IC-derived F:B values revealed new relationships among samples in terms of community similarity. This IC method is the first spike-in method to employ a single construct for cross-domain amplicon sequencing, offering more reliable measurements.

РОЛЬ И МЕСТО ВНУТРЕННЕГО НАЛОГОВОГО КОНТРОЛЯ В СИСТЕМЕ ЭФФЕКТИВНОГО УПРАВЛЕНИЯ ОРГАНИЗАЦИЕЙ

The subject of the research is the construction of internal tax control in organizations within the framework of the general system of internal control. The purpose of the study is to identify the role of internal tax control in the structure of organizations' activities, to determine the degree of development of problems and variability of implementation. The research methodology is the application of theoretical and empirical methods of sci-entific knowledge: observation, analysis, synthesis, modeling, extrapolation, logical generalization. The result of the study is the identification of the main elements and methods of introducing internal tax control in organ-izations. The conclusion is the need to expand the theoretical, methodological and regulatory framework in order to develop internal tax control and involve organizations in the application of this form of control.

Engineering Internal Control Analysis Based on AHP-FCE Taking Wind Power Enterprise as an Example

Wind power is a key development project. In recent years, the wind power industry has developed rapidly. The market needs enterprises with complete systems and higher work efficiency. Internal control is an important measure for the transparency and standardization of enterprise operations. Therefore, after implementing internal control on wind power companies, how to objectively evaluate the internal control construction of wind power companies has become a new research focus. This paper proposes a method to quantitatively evaluate the internal control of wind power enterprises. First, the internal control objectives are decomposed into multiple factor indicators, and then the internal control evaluation system of wind power enterprises is constructed, which is realized by the use of analytic hierarchy process (AHP) and fuzzy comprehensive evaluation (FCE). The calculation example shows that the quantitative evaluation method helps to find the deficiencies of the internal control of wind power enterprises, and provides a reference for the establishment and implementation of the system and the efficiency of business operation.

Research on The Influence of Enterprise Control Right Allocation on The Effectiveness of Internal Control-Based on The Regulatory Role of Institutional Environment

In order to examine the influence degree of the enterprise control configuration of the internal control construction, this paper takes 2013-2018 a-share companies of Shanghai and Shenzhen two city as the research sample, using the methods of regression analysis method, from the three shareholders, the board of directors and managers control configuration level, to study the influence degree of the effectiveness of internal control, then to test system with regional marketization environment on the influence of the adjustment. The results show that the most effective allocation mode of internal control is as follows: at the shareholder level, the allocation mode is characterized by high equity balance and state-owned shares; at the level of the board of directors, it is manifested as the holding level of the high board of directors. At the level of managers, it shows the level of high managers’ shareholding. This study has a good reference to improve the governance of listed companies.