Financial shared services （FSS） play an important role in multinational corporations for the effective cost management. FSS also can reduce errors and fraud so as to achieve perfect internal controls by standardized...Financial shared services （FSS） play an important role in multinational corporations for the effective cost management. FSS also can reduce errors and fraud so as to achieve perfect internal controls by standardized and procedural business processes which are important parts of internal controls. This paper emphasizes on two popular procedures and methods in multinational corporations. One is balance sheet reconciliation. It can illustrate the situation of accounts on an accrual basis which are the focus of internal audit and external audit. The other is Interco-Sop （Intercompany-standard operating procedure） which are important for to ensure the accuracy and effectiveness of accounting system and internal controls.展开更多
This paper takes Principal-agent Theory as the basic analysis flame to analyze the modern corporate principal and agent in a state of the two sides in asymmetric information on the basis of self-interest maximization,...This paper takes Principal-agent Theory as the basic analysis flame to analyze the modern corporate principal and agent in a state of the two sides in asymmetric information on the basis of self-interest maximization, and the game strategy which revolves the information disclosure and hideaway to launch, and therefore can get the game way which causes the auditing institution. The equilibrium in game of the information disclosure causes the auditing institution, the expense and cost which the audit profession consumes is the company governs reduces the information not asymmetrical diligently center essential agency costs.展开更多
Xinhua News Agency,Beijing,March 25 On March 25,Ministry of Education issued Notice of the State Council Degree Committee on Special Evaluation Result of Degree Conferral Institutions and Relevant Handling Opinions in...Xinhua News Agency,Beijing,March 25 On March 25,Ministry of Education issued Notice of the State Council Degree Committee on Special Evaluation Result of Degree Conferral Institutions and Relevant Handling Opinions in 2014.展开更多
文摘Financial shared services （FSS） play an important role in multinational corporations for the effective cost management. FSS also can reduce errors and fraud so as to achieve perfect internal controls by standardized and procedural business processes which are important parts of internal controls. This paper emphasizes on two popular procedures and methods in multinational corporations. One is balance sheet reconciliation. It can illustrate the situation of accounts on an accrual basis which are the focus of internal audit and external audit. The other is Interco-Sop （Intercompany-standard operating procedure） which are important for to ensure the accuracy and effectiveness of accounting system and internal controls.
文摘This paper takes Principal-agent Theory as the basic analysis flame to analyze the modern corporate principal and agent in a state of the two sides in asymmetric information on the basis of self-interest maximization, and the game strategy which revolves the information disclosure and hideaway to launch, and therefore can get the game way which causes the auditing institution. The equilibrium in game of the information disclosure causes the auditing institution, the expense and cost which the audit profession consumes is the company governs reduces the information not asymmetrical diligently center essential agency costs.
文摘Xinhua News Agency,Beijing,March 25 On March 25,Ministry of Education issued Notice of the State Council Degree Committee on Special Evaluation Result of Degree Conferral Institutions and Relevant Handling Opinions in 2014.
