Joint-stock company

Joint-stock company's accountinginternal control several key points in theanalysisAbstract: In stock, has become an important current corporate form of organization. Actively promote the joint-stock reform, the development of mixed ownership is to further improve our system of property rights in the direction of modern enterprise. The Reform and Perfection of modern property rights system will entail the company’s accounting internal control mechanisms. In the modern enterprise property rights regime, accounting internal control mechanisms contribute to joint-stock company’s internal management and control, to help the healthy development of the company from continuing operations. But China’s current joint-stock company’s accounting internal control mechanisms, there are still many problems, the paper must explore this expansion, and the joint-stock company’s accounting internal control mechanisms for the future improvement suggestions.Keywords: joint-stock company’s accounting internal control situation envisaged An accounting internal control mechanisms for the role of joint-stock company Type joint-stock company in the public company, the public have the highest degree. Joint-stock company’s financial information is a ‘public goods.’Quality of financial information and accounting internal controls are closely related. Accounting Internal control is the basis for the formation of financial information and quality control of the key. However present, China’s joint-stock companies, the accounting internal control mechanisms exist many problems, seriously affecting the joint-stock company effective disclosure of financial information. In this regard, the company’s shares in response to the internal control mechanisms of the accounting reform and improvement, and actively carry out the accounting internal control concepts, contents, methods, procedures and other aspects of innovation in order to improve the quality and authenticity of financial information, the effective protection of property safety, prevent managers management decision-making errors.Accounting internal control mechanisms for the joint-stock company, has several roles as shown in Table 1-1.Second, China’s current status of joint-stock company’s accounting and internal control issues in (A) joint-stock company’s financial information distortion Financial information and more from the joint-stock company’s financial behavior decisions. Financial information distortion is due to the financial management of biased behavior generated. In our country a lot of joint-stock companies, the management often due to the operation and management of special purpose, and incite the use of improper means financial officers, conceal or alter the information to whitewash its operating results. Currently, many joint-stock companies choose to make use of the preparation of false financial information, or improper accounting methods in the stock market in pursuit of ‘maximum benefit’as the goal, wantonly ‘money.’Such notorious ‘Yinguangxia’, ‘Joan source’and other events, are typical. ‘Abandonment’case was to verify the actual amount and the amount of revenue and profits of financialinformation issued by the company as compared to a big difference. Joint-stock companies use improper methods to make financial information distortion, not only for the company itself ultimately detrimental, but also brought a bad reputation of the community, or even seriously affected the healthy development of the capital market.(Two) joint-stock company’s information communication mechanism for poor On joint-stock companies, the transparency of information mainly by business transparency, financial transparency, transparency notice form. But in reality, the joint-stock company’s information communication mechanism poor, mainly manifested in two aspects: First, the joint-stock company for the construction of information systems lack the degree of attention, the construction is not enough scientific and rational planning, insufficient capital investment. Second, the current joint-stock company’s internal information system is relatively backward, unable to adapt to e-commerce, while the joint-stock company’s internal communication costly, too many layers, with external stakeholders is difficult to achieve timely andeffective communication of information, making the joint-stock company difficult to meet the needs of the external market.(Three) joint-stock company’s accounting internal control measures inadequate At present, China joint-stock company’s accounting internal control measures is not perfect, a lot of joint-stock company’s accounting internal control mechanisms are incomplete, even fragmented, one-sided, systematic and scientific by no means guaranteed. In addition, China’s joint-stock company’s accounting internal control mechanisms at the institutional level is still only at the theoretical level, too simple, lack of guidance and operability. In the actual implementation to understand easily lead to diversity. Furthermore, the lack of financial reporting mechanism to ensure the authenticity of the economic and business data analysis and in-depth and specific enough. At present, the Chinese government on the joint-stock company’s supervisory increasingly stringent. The joint-stock company in the face of greater regulatory pressure, often whitewash financial statements and adjusting incomeimpulses. Not only to the company’s future operations bring hidden dangers, but also to the shareholders and the government and other stakeholders to bring unknown losses.(Four) joint-stock company’s internal control and oversight mechanisms are relatively weak accounting The company’s internal audit and supervision, is a self-evaluation activities independently. In our current joint-stock companies, the accounting internal control and supervision mechanisms are relatively weak, it is not perfect. Because supervision and auditing departments typically have the same affiliation, implementation monitoring and compensation systems, and performance evaluation and so there are some defects, not only makes the internal audit oversight mere formality, but its independence has been greatly weakened, internal audit oversight role can not be physically play. Meanwhile, China’s joint-stock company’s accounting and internal control and supervision mechanism is not linked to the company’s actual performance appraisal, so that the actual investigation when there is the difficulty. Inaddition, the subsidiary company headquarters on audit monitoring are mostly concentrated in the financial inspection, ignoring the accounting internal control mechanisms of inspection and evaluation. Second, improve the joint-stock company’s internal accounting controls vision for the future (A) training managers and related personnel accounting internal control awareness Status of implementation of accounting internal control mechanisms and associated personnel and managers are closely related to the degree of attention. Joint-stock company managers accounting internal control consciousness and behavior is the key to effective implementation of the mechanism. However present, China’s joint-stock company managers and related personnel accounting internal control mechanism is not high degree of attention, managers in decision-making there is a large arbitrariness, even the existence of collusion with internal regulators phenomenon. Therefore, at this stage, to strengthen our joint-stock company managers as well as financial and other related personnel regarding accounting internal control mechanisms of consciousness and degree ofattention, is particularly important.(Two) improve the corporate governance structure Joint-stock company’s accounting internal control mechanisms running well, without sound and effective corporate governance structure, because rational, scientific corporate governance structure able to play its inherent mutual restraint, mutual restraint, mutual supervision function. The author believes that the improvement of corporate governance structure has the following three main ways: First, to strengthen the joint-stock company supervisory management, strengthening its role to play. This is to strengthen the internal control mechanisms of the joint-stock company’s accounting requirements, but also improve the corporate governance structure of a component; Second, adjust the shareholding structure of the Board of Directors, the Board of Directors to establish an independent and comprehensive system; Third, to further reform and improvement of state-owned joint-stock company Asset management mechanism, the implementation of ‘two management’model, so thatthe ‘pipe assets’and ‘tube’and ‘steward’combined. This is not only ‘Congress’requirements, but also help to regulate the behavior of stock companies, to enhance shareholders’supervision, effectively to avoid ‘internal control’, thus helping to strengthen joint-stock company asset restructuring operability, flexibility and timeliness sex.(Three) strengthen the joint-stock company’s information disclosure mechanism Strengthen joint-stock companies, especially listed companies, disclosure of information, not only is our government requirement for a stock company, but also the shares of a company’s accounting internal control mechanisms main content. At present, China shares the company’s accounting internal control mechanism is not perfect, information disclosure situation is not optimistic. Against the status and characteristics, I believe, should further strengthen the joint-stock company’s information disclosure requirements, whether disclosure or disclosure form, the regulatory authorities should make a clear unified regulations to reduce the share ofinformation disclosure in the ‘blind’ eventually enable stakeholders access to information costs can be reduced. By strengthening the joint-stock company’s information disclosure requirements, to promote joint-stock companies to strengthen internal control mechanisms of the accounting degree of attention, really aware of the importance of accounting internal control mechanisms.(Four) to strengthen joint-stock company’s internal audit oversight functions Joint-stock companies to strengthen internal control mechanisms of the accounting audit and supervision, only its self-imposed demand to strengthen internal management and accounting internal control mechanisms of an important content, but also the needs of those who succumbed to the pressure of external information an act. Internal control mechanisms in the joint-stock company accounting oversight process, internal control self-assessment, internal audit and external evaluation of internal control plays an important role so common. However, to strengthen the role of the audit should first improve its position. Therefore, joint-stock company setup audit department, it should be set slightly higher than other departments functions. The only way to guarantee fundamental AG authority and independence of the internal audit, as well as the objectivity of the audit results. In addition, the shares of the company should be the main functions of the audit oversight Some of the original find fraud, transferred to the company’s management to evaluate and analyze the situation and make appropriate management recommendations.(Five) to establish joint-stock company’s internal accounting information quality control mechanisms Joint-stock company’s internal accounting information quality control mechanism usually consists of three parts, namely, joint-stock company internal control mechanism, the securities regulatory authorities of supervision and management, CPA control. Through tripartite properly perform its functions, as well as their mutual restraint, in order to ensure the joint-stock company’s accounting information quality. Shares of the company’s accounting internal control mechanisms, usually by the relevant departments within thecompany’s structure, after an internal audit department, financial department, the business management department, as well as the general meeting, the Board of Supervisors and other joint activities to achieve internal controls. Also, to ensure the overall quality of accounting information, but also to share the company’s financial management and accounting department division, set the hand were leadership and management, and its main purpose is to post subdivided so that phase separation of incompatible duties. For example, the accounting department by the Board leadership, financial management by the leadership of general manager. Meanwhile, as the main supply accounting information, accounting personnel appointed by the Board, in the face of unreasonable demands management personnel, accounting personnel the right to refuse to effectively prevent management fraud.References: [1] Han Lun. On the internal accounting control [J]. Management & Technology (on Xunkan). 2010 (09)[2] Liu Xiaofeng. Discussion on the status of internalaccounting controls and development [J]. Chinese businessmen (the first half). 2010 (09)[3] Weng red states about the internal accounting control Construction [J]. Chinese management information. 2010 (22)[4] Zhang Ze Han. Strengthen internal accounting controls listed companies countermeasures [J]. Border Economy and Culture 2009 (03)[5] Zhang Minmin listed company’s internal accounting control study [J]. ACCOUNTING (HEAD). 2011 (04) 。