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 f...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, the authors 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 authors 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, the authors can reconstruct the embedded financial governance system based on COSO framework, and better control the company＇s financial activities. In this way, the enterprise can effectively improve its management level and operational efficiency, and promote its sound and sustainable development.展开更多
文摘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, the authors 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 authors 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, the authors can reconstruct the embedded financial governance system based on COSO framework, and better control the company＇s financial activities. In this way, the enterprise can effectively improve its management level and operational efficiency, and promote its sound and sustainable development.
