A Theoretical Framework of Social Responsibility-Internal Control in Chinese Companies
Author(s)
Wei Zhang
ABSTRACT
A perfect social responsibility (SR) internal control system is the basis for a company to sustain its long-term development. An integrated framework of SR internal control could be built in three divisions: one is the five key elements of internal control, the other is the major context of SR according to ISO26000: 2010 and “Internal Control Supporting Guidelines”, and another is the performing levels which can be categorized as the strategic management level and the operation activities level. A detail analysis of this integrated SR internal control framework was made and suggestions for improving the current SR performing effect were provided.
A perfect social responsibility (SR) internal control system is the basis for a company to sustain its long-term development. An integrated framework of SR internal control could be built in three divisions: one is the five key elements of internal control, the other is the major context of SR according to ISO26000: 2010 and “Internal Control Supporting Guidelines”, and another is the performing levels which can be categorized as the strategic management level and the operation activities level. A detail analysis of this integrated SR internal control framework was made and suggestions for improving the current SR performing effect were provided.
Cite this paper
Zhang, W. (2015) A Theoretical Framework of Social Responsibility-Internal Control in Chinese Companies. American Journal of Industrial and Business Management, 5, 577-580. doi: 10.4236/ajibm.2015.59057.
Zhang, W. (2015) A Theoretical Framework of Social Responsibility-Internal Control in Chinese Companies. American Journal of Industrial and Business Management, 5, 577-580. doi: 10.4236/ajibm.2015.59057.
References
[1] Wang, J.C. and Shen, X.Q. (2012) Corporate Social Responsibility and Internal Control: Interactive Relationship and Optimization Path Research. Communication of Finance and Accounting, 3, 13-17. [2] Wang, H.B. and Liu, S. (2015) A Study on the Internal Control Framework Construction of Corporate Strategic Social Responsibility. Modern Economic Management, 37, 31-37. [3] Chang, Y. (2013) Probing the Corporate Social Responsibility Internal Control. Journal of Accounting, 6, 113-114. [4] Qi, P. and Shang, Y. (2015) A Study on the Internal Control Based on the Corporate Social Responsibility. Enterprise Economy, 4, 45-48. [5] Financial Reporting Council (2005) Internal Control-Revised Guidance for Directors on the Combined Code.
[1] Wang, J.C. and Shen, X.Q. (2012) Corporate Social Responsibility and Internal Control: Interactive Relationship and Optimization Path Research. Communication of Finance and Accounting, 3, 13-17. [2] Wang, H.B. and Liu, S. (2015) A Study on the Internal Control Framework Construction of Corporate Strategic Social Responsibility. Modern Economic Management, 37, 31-37. [3] Chang, Y. (2013) Probing the Corporate Social Responsibility Internal Control. Journal of Accounting, 6, 113-114. [4] Qi, P. and Shang, Y. (2015) A Study on the Internal Control Based on the Corporate Social Responsibility. Enterprise Economy, 4, 45-48. [5] Financial Reporting Council (2005) Internal Control-Revised Guidance for Directors on the Combined Code.