The Embedded Financial Governance System Based on COSO Framework-A New Method of Integration
The global financial crisis is spreading at an alarming rate across the world. The speed of the spreading and its tremendous impacts to economic is unprecedented in half a century. Through researching its impacts to finance, we can clearly find that to a large extent most enterprises went bankrupt and closed down because of the weak financial governance system and lack of effective control to internal financial operation. Based on this background, the author analyzed the problems of the traditional financial governance, and tried to find solutions. Applying the concept of COSO (The Committee of Sponsoring Organizations of The National Commission of Fraudulent Financial Reporting) framework into the financial governance system, we can reconstruct the embedded financial governance system based on COSO framework, and better control the companys financial activities. In this way, the enterprise can effectively improve its management level and operational efficiency, and promote its sound and sustainable development.
COSO framework the embedded financial governance risk management
TAN Wenhao LIU Hong
Nanchang University, Nanchang, Jiangxi, P.R.China, 330029 Nanjing Normal University, Nanjing, Jiangsu, P.R.China, 210097
国际会议
The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)
天津
英文
1771-1780
2009-09-01（万方平台首次上网日期，不代表论文的发表时间）