The Objectives and Boundaries of Internal Control--An Investigation of the COSO Internal Control-Integrated Framework
This paper discusses the objectives and boundaries of internal control on the basis of a review of both of the domestic and international internal control standards as well as an analysis of both the risks at the beginning and the operational stages of companies. The relationship between the corporate governance and strategic objectives and that between opportunity and risk managements has also been clarified. With the analysis of the subjective, objective and organizational boundaries of internal control, the relationships among internal control, enterprise opportunities management, enterprise risk management, traditional risk management and internal accounting control have been further clarified. Suggestions about future revisions of the COSO report were proposed at the end of the paper.
Internal Control Objectives Boundary Philosophy
LIU Xiaolun
Center for Studies of Corporate Governance Nankai University, Tianjin, China, 300071 Beijing National Accounting Institute, Beijing, China, 101312
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
45-54
2009-09-01（万方平台首次上网日期，不代表论文的发表时间）