随着国内经济的不断发展、多元化经济的腾飞、城镇化进程的加速，城投公 司作为地方国有企业也在地方经济的发展中扮演着越来越为重要的角色。投资业 务作为城市投资公司的主要业务其重要性不言而喻，对当地工业、农业、商业、 金融业等多元化各行业发展起到了巨大的推动作用。在城市基础设施等建设发展 中，投资业务面临着巨大的机遇和挑战，同时，投资业务的风险存在于投资业务 的整个阶段,如果针对于投资业务的内部控制活动不能有效开展,则很可能导致 投资业务亏损,甚至项目整体会面临失败，给企业造成极大惨重的负担，不利于 企业健康平稳的发展。[1]因此针对于以投资业务为主营业务的地方投资公司这一 类型企业，有效健全的内部控制机制对于其主营业务即投资业务十分必要,及时 识别投资风险,合理优化投资业务内控措施，最大程度的减少投资损失,是企业进 行投资业务活动的必经之路。 XC城投集团公司是当地一家以投资类业务为主的国有独资企业，近年来，在 城镇化的进程中，投资当地大型基建、地产、民生产业等，企业规模不断壮大， 投资范围也在不断扩展中，该企业近些年投资业务的发展取得了不错的成就。但 在近些年发展趋势下，XC城投集团公司投资业务内部控制经常出现不合理、不正 常现象，例如，该企业内部关于投资业务的整体组织形式缺乏有效权衡、投资业 务的风险评估不到位、投资业务流程和制度不规范以及信息传递和内部审计监督 等诸多方面均或多或少存在一定的问题。究其原因主要是该企业管理者过于自 信、内控措施缺乏条理性、内部控制风险缺乏相应机制、内部控制信息缺乏平台 等。这些问题聚集在一起在一定程度上阻碍了该企业投资业务的正常发展。 解决XC城投集团投资业务内部控制存在的问题，对于该类国有企业乃至整个 投资类企业在投资业务方面存在的内部控制尤为重要，以XC城投集团投资业务的 内部控制为研究切入点，以内部控制的五个要素企业内部环境、风险评估、控制 活动、信息与沟通和内部监督五个方面为支撑点，采用文献综述，绘图和表格、 分析案例等多种研究方法，深入细致由表及里地研究该企业投资业务内部控制现 状以及产生出的问题，并针对该类问题的原因分析进而得出合理优化内部环境、 完善投资业务风险评估体系、规范投资业务流程、健全投资业务信息平台以及优 化升内部审计监督机制等优化措施方案。为该类城投企业乃至于其他以投资业务 为主的金融企业提供必要的借鉴和帮助。 关键词：内部控制；投资业务；XC城投集团公司 II Abstract Withthecontinuousdevelopmentofdomesticeconomy,therapiddevelopmentofdiversified economyandtheaccelerationofurbanization,urbaninvestmentcompany,asalocalstate-owned enterprise,alsoplaysanincreasinglyimportantroleinthedevelopmentoflocaleconomy.Asthe mainbusinessofurbaninvestmentcompanies,theimportanceofinvestmentbusinessis self-evident.Toacertainextent,thedevelopmentofinvestmentbusinessofurbaninvestment companiesisrelatedtotheeconomiclifelineofthedevelopmentofsuchcompanies,andalso playsahugeroleinpromotingthedevelopmentofdiversifiedindustriessuchaslocalindustry, agriculture,commerce,finance,etc.Intheprocessofurbanization,investmentbusinessisfaced withgreatopportunitiesandchallenges.Meanwhile,therisksofinvestmentbusiness,project approval,projectstage,eachstagehasitsownvariabilityanduncontrollabilityIfthecontrol activitiescannotbecarriedouteffectivelyandtimely,itislikelytoleadtothelossofinvestment businessprojects,oreventhefailureofinvestment,whichwillcauseahugeburdentothe enterprise.Therefore,itisurgenttoestablishasoundandeffectiveinternalcontrolsystemof investmentbusinessforenterprisessuchasurbaninvestmententerpriseswhosemainbusinessis investment.Itisanecessarychoiceforenterprisestodiscoverinvestmentrisksintimeandavoid investmentlosses. XCUrbanInvestmentGroupCo.,Ltd.isamunicipalwhollystate-ownedenterpriseina prefecturelevelcityofHenanProvince.Inrecentyears,withthedevelopmentofthecity andInvestmentbusinessdevelopment,investmentindustryinvolvesmanyaspects,increasethe abilityofforeigninvestment,promotetheoveralldevelopmentandprogressofenterprises,to ensurethecontinuousandhealthydevelopmentofinvestmentbusiness.However,inrecentyears, theinternalcontrolofinvestmentbusinessofXCurbaninvestmentgroupcompanyhasbeen highlighted.Therearemoreorlessproblemsinitsorganizationalstructure,riskassessment, investmentbusinessprocess,informationtransmissionandinternalauditsupervision.These problemstogetherhinderthenormaldevelopmentoftheenterprisetoacertainextent. Inthispaper,theauthortakestheinternalcontrolofinvestmentbusinessofXCurban investmentgroupastheresearchentrypoint,andtakesthefiveelementsofinternalcontrol: internalenvironment,riskassessment,controlactivities,informationandcommunication,and internalsupervision.Asasupportpoint,basedontheprincipal-agenttheory,riskmanagement theory,contingencytheoryandcontroltheory,thispaperusescomprehensiveliteraturemethod, chartcombinationmethod,comprehensiveanalysismethod,caseanalysismethodandother researchmethodstostudytheinternalcontrolstatusandproblemsoftheenterprise'sinvestment businessfromtheoutsidetotheinside,andthenanalyzesthecausesoftheseproblemsThe implementationplanofoptimizingtheinternalcontrolofinvestmentbusinessisobtained.Itcan providenecessaryreferenceandhelpforsuchurbaninvestmententerprisesandotherfinancial enterprisesmainlyengagedininvestmentbusiness. Keywords:internalcontrol;investmentbusiness;XCUrbanInvestmentGroupCompany IV 目录 摘要..........................................................................................................................I ABSTRACT.....................................................................................................................II 一、绪论........................................................................................................................1 (一)研究背景和意义...............................................................................................1 1.研究背景......................................................................................................1 2.研究意义......................................................................................................1 (二)文献综述............................................................................................................2 1.国外文献综述..............................................................................................2 2.国内文献综述..............................................................................................3 3.综述小结......................................................................................................4 (三)研究内容、研究框架、研究方法...................................................................4 1.研究内容......................................................................................................4 2.研究框架......................................................................................................5 3.研究方法......................................................................................................6 二、相关理论基础........................................................................................................8 (一)内部控制概述...................................................................................................8 1.内部控制概念及目标..................................................................................8 2.内部控制要素..............................................................................................8 (二)投资业务内部控制概述...................................................................................8 1.企业投资业务关键环节和控制点..............................................................8 2.企业投资业务内部控制流程和方法........................................................10 (三)内部控制理论基础.........................................................................................11 1.委托代理理论............................................................................................11 2.系统论应用分析理论................................................................................12 3.风险管理理论............................................................................................12 4.控制动力理论............................................................................................12 5.权变理论....................................................................................................12 三、XC城投集团投资业务内部控制现