中航油新加坡公司内部控制案例分析

Case Study of the Internal Control in China Aviation Oil (S) Corp Ltd

中航油新加坡公司在高风险的石油衍生品期权交易中蒙受高达5.5亿美元的巨额亏损,成为继巴林银行破产以来最大的投机丑闻。利用内部控制概念的最新发展——企业风险管理框架中的控制环境、目标制定、事项识别、风险评估、风险反应、控制活动、信息与沟通、监控八要素分析法,可以发现中航油事件的根源是内部控制的严重缺陷。

The huge loss of USD550 Million of China Aviation Oil （S） Corp Ltd resulting from the highly risky oil derivation option trading, has become the most famous speculation scandal after ＂the collapse of Barings＂. The lately developed concept of Internal Control consists of eight elements, which are 1） Control Environments, 2） Objective Setting, 3） Risk Identification, 4） Risk Assessment, 5） Risk Reaction, 6） Control Activities, 7） Information ＆ Communication, 8） Monitoring. Through these elements analysis, lack of essential internal control is the fatal mistake.