● Internal control risk assessment
my country requires the establishment of a sound internal control system in large central enterprises, state-owned enterprises, and listed companies, and regular self-inspection and evaluation of the effectiveness of the system. The internal control system enables companies to identify the main risks in operation and management, evaluate their severity, and then allocate different resources to implement targeted management and control; it also allows companies to standardize operations, prevent corruption and fraud, and successfully pass various inspections and supervisions (such as: Disciplinary inspection team, outgoing audit, etc.), and effective ways to create and maintain a competitive advantage.
Zhizhen United is one of the first domestic consulting institutions that research and practice internal control. It has a deep understanding of risks and control in different industries, and has mature and leading methodology, successful cases, and data accumulation; it can be based on different internal and external customer units. Environment and management level, assist in the construction of risk defense lines, guide resource allocation to comprehensively and accurately identify, analyze, manage and control risks. Through the use of Zhizheng’s efficient service, the client unit can effectively and efficiently carry out internal control self-evaluation work; while saving manpower and time resources, it can accurately judge whether the internal control system established and implemented by itself is effective, and continue accordingly. Complete.
The internal control consulting services provided by Zhizhen United mainly include the following types:
◆ The construction of an internal control system based on relevant regulatory requirements (such as the basic internal control regulations of the five ministries and commissions, the internal control of the administrative institutions of the Ministry of Finance, the internal control of the IPO of the Securities Regulatory Commission, Hong Kong PN21, the United States SOX404, etc.), continuous improvement and optimization and operation guidance
◆ Independently evaluate the current situation and level of internal control of enterprises and institutions to meet the needs of internal or external reporting
◆ Self-inspection and improvement of internal control before leaving the post audit
◆ Internal control audit outsourcing services
Zhizhen United has accumulated a large number of successful cases in the construction and evaluation of internal control systems of central enterprises, state-owned enterprises and listed companies, and has an excellent reputation in the industry. Based on our industry experience and talent advantages, Zhizhen United can save costs for client units in internal control design, thus focusing on the internal control implementation stage. Through effective methods such as "passing through", assisting client units to implement internal control.
Zhizhen United is a thinking leader in the industry of corporate governance and corporate risk internal control management. It has published a large number of professional survey reports in this professional service field and organized multiple corporate risk response seminars. Zhizhen United's in-depth understanding and practical research on internal control include but not limited to the following:
◆ "Interpretation of Internal Control Audit"
◆"Application of Internal Control Evaluation Information System"
◆ "Pre-control of internal control"
◆ "The Essence of Control-Internal Environment"
◆ NEEQ internal control audit practice standards
● Financial risk management
Financial risk management refers to the identification, measurement, analysis and evaluation of various risks in the process of financial management by business entities. And take timely and effective methods for prevention and control in a timely manner, and deal with them in an economically reasonable and feasible way to ensure the safe and normal development of financial activities, and the management process to ensure that their economic benefits are not lost.
Zhizhen United’s in-depth understanding and practical research on financial risk management include but not limited to the following:
(1) Appropriate debt, reasonable arrangement of capital structure to ensure balance of financial structure
(2) Establish a comprehensive enterprise budget system to correctly predict cash flow
(3) Strengthening asset management, improving operational capabilities, and enhancing profitability are guarantees and signs of preventing financial risks
(4) Use a variety of financial strategies to reduce risk losses as much as possible
(5) Establish risk awareness and build a sound and effective financial risk control mechanism
● Compliance risk management
In the corporate governance of the company, the compliance management department is facing complex risks, rigorous and unremitting supervision and strict compliance requirements.
Responding to these requirements in a separate manner will lead to overlapping and duplication of compliance management procedures.
The costs associated with these issues continue to rise. The senior management of the company strives to effectively manage business risks, in addition to meeting statutory compliance requirements and complying with financial reporting requirements, to let these tasks create value.
Zhizhen United's compliance management service is a comprehensive framework that integrates corporate governance, risk, compliance, and audit certification services. The purpose is to allow the entire enterprise to reach a consensus and blueprint.
An effective compliance management framework can:
● Maintain and enhance business value
The method is to create a corporate culture that emphasizes risk awareness, make decisions and handle multiple levels of compliance and audit verification requirements after fully grasping the information.
● Improve operating efficiency
The method is to simplify the structure and process of risk management, control and audit certification, and to make good use of information technology and data management structure.
● Provide forward-looking and flexible response strategies
The method is to enable companies to quickly, consistently and effectively respond to the challenges posed by changing risk conditions and regulatory requirements.
● Cooperate strategy
The method is to allow the company to achieve compliance goals while improving performance with an integrated framework that matches the company's strategic goals.
Shanghai Zhizhen United Certified Public Accountants (general partnership) in 2006. After 10 years of development, there are currently more than 60 professionals such as CICPA, ACCA, and AICPA, and have an extensive international network.
We will keep our promise to the society and strive to become a responsible corporate citizen, and do our best for social welfare through various forms.
