【正文】 three categories and internal control collocated, namely report targets, business targets and follow the targets. But the report targets have expanded, it not only include financial report, also requires all the accuracy of internal and external nonfinancial class report issued by the accurate and reliable. In addition, risk management increased the strategic target, namely and enterprise vision or mission related highlevel objectives. This means that risk management is not only ensure management efficiency and effect, and intervention in the enterprise strategy (including business objectives) formulation process. Fourth, risk management and internal control elements have five aspects, . (overlap is control or internal) environment, risk assessment, control activities, information and munication, the surveillance. These coincide most of their goals and realization mechanism coincide of similar decision. Risk management increased goal setting, event identification and risk countermeasures three factors. Coincide elements, connotation, for example, has been extended internal control environment including honest character and moral values, staff quality and ability, the board of directors and the audit mittee, management philosophy and management style, the anizational structure, the power and the allocation of responsibility, human resource policies and practices seven aspects. Risk management internal environment in addition to include these seven aspects outside, still include risk management philosophy, risk preference (appetite) and risks associated cultural three new content. In the risk assessment elements, risk management requires the consideration of the inherent risk and residual risk, with expectations, worst case values or probability distribution measure risk and to consider time preferences and risk association between the role. In information and munication, risk management emphasized the past, present and future of the relevant data about obtaining and analysis, provides information of the depth and timeliness, etc. Fifth, risk management proposes risk portfolio and the overall risk management (in tegrated management) are new idea. The enterprise risk management framework in the theory of modern financial borrowing portfolio risk theory, this paper puts forward the concept of bination and overall management from enterprise level, 4 demanding dispersed in the overall grasp all levels and departments of enterprise, the risk exposure with overall consideration risk countermeasures, prevent dispersed consider and coping by department, such as will risk the risk in technology, financial, separated by information technology, environment, safety, quality, auditing departments, and considering the interaction between risk events, prevent two tendencies: one is the department39。s risk in risk preference can withstand ability, but within the overall effect may be beyond sustaining limit, because individual risk influence is not always add, may be multiplied。 Second is the risk of individual departments over its limits, but exposure to the overall risk level haven39。t beyond sustaining range, because sometimes has offset the effects of the event of the effect. At this time, and further, strive for higher return risk with room to grow. According to risk portfolio and the overall management point of view, need unification consideration risk events as risk countermeasures between interaction between, overall risk management plan formulated. 3. Internal control and risk management inner link Enterprise system evolution and risk associated with the development. The establishment of a limited liability system is running or partnership enterprise anization from the key turning into a modern shares, it enables shareholders steps possessions and enterprise property and enterprise economic responsibility independent, shareholder transformation will no longer affect the enterprise credit capacity for equity transactions, expanded range and increased liquidity, which reduces the risk of investment and promoting enterprise financing, contributed to today a giant corporation. In order to make equity trading and the shareholders transform business continuity, influence and to make capital and management ability realize more optimal bination of ownership and management, enterprise in the modern enterprise of altitude, which also separate brings new risks, namely professional operators might not perform its accountability and shareholders39。 expense. In addition, limited liability may also lure enterprise engaged in high risk and damage the project39。s creditors. Because in limited liability, the potential revenue mainly by the enterprise (shareholders) to obtain, and the risk of failure, the major that bankruptcy is borne by the obligee. The risk is not marketization, the market petition spontaneous constraints or market transactions, such as providing a hedge product quality or natural disasters, but mechanism, belongs to the anization or trade in agency issues, 5 need to regulate rules and system. These systems include corporate governance in the liability system, such as financial report, an internal control and audit, etc. Internal control and risk management is the fundamental role maintenance, security enterprise asset investor interest, and create new value. Famaamp。Jensen (