A Case Study of Internal Control of *ST Baoqian
Abstract
Since the establishment of Shanghai and Shenzhen Stock Exchanges, there are more than 3,400 listed companies in China, but there are not a few companies delisting due to various problems every year. The research shows that the lack of effective internal control of listed companies is the deep-seated reason for their delisting. Once there are problems in the company's internal control, it will be difficult for the company's business activities to be effectively supervised, and the safety of assets will not be guaranteed. Good internal control is an important link for listed companies to seek sustainable and stable development and achieve business objectives. As an essential part of modern company management, internal control also plays an important role in improving company management level and business performance. *ST Bao Qian is a typical case of failure of internal control and lack of supervision and management of enterprise operation, which has been suspended from listing and is in a precarious state. Taking*ST Bao Qian as an example, based on the internal control theory, this paper deeply explores the internal control problems of *ST Bao Qian and analyzes their causes, and then gives some improvement suggestions, in order to improve the internal control problems of *ST Bao Qian and provide suggestions for other companies.
Keywords
*ST Baoqian, Internal Control, Risk Prevention
DOI
10.12783/dtem/eeim2020/35256
10.12783/dtem/eeim2020/35256
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