【正文】 g 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。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。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。 Strengthening the internal audit, external audit and audit supervision. This legislation represents a large capital market 2 system, also make the progress of the importance of internal control people have more deeply. 2. The internal control and risk management parison Internal control and risk management has the close relation. COSO internal control is that part of the risk management. Therefore, the mittee in the whole framework of internal control the basis of, and in 2020 issued a new report , enterprise risk management framework. At present the report was only a rough draft, in public, revised later, is expected to formally released this year. The enterprise risk management framework inherit and contains the whole framework of internal control the main content also expanded the three elements, added a goal, updated some ideas for countries to provide a unified enterprise risk management terms and concepts of prehensive application guide system. COSO internal control and risk management of the definition and elements were: Internal control: enterprise internal control is by the enterprise board of directors, managers, and other staff to implement, for financial reporting accuracy, business activity of efficiency and effect, the relevant laws and regulations such as the follow to achieve the goal of the process and provide reasonable assurance. It includes five elements: control environment, risk assessment, control activities, information and munication, the surveillance. Risk management: enterprise risk management is a process of the board of directors, the management of enterprises and other personnel to implement, applied in strategy formulation and enterprise all levels of activity, aims to identify possible influence enterprise various potential events, and according to enterprise39。 1 Internal control and risk management 1. Internal control , standard and legislation In 1985, the United States in order to curb the growing business of accounting fraud activities, formed a mittee against financial fraud Treadway mittee), (accounting fraud activities investigation led to reason and proposed solutions. The scheme emphasized the importance of internal control, requests and Suggestions of all listed panies should provide in the annals of internal control reports. The report shall include admit management authorities of financial reporting and internal control is responsible, and discuss the implementation of these responsibilities. In The end The mission Treadway Committee after The five, The mission launched anization jointly established a new Committee The Com mittee COSO (Sponsoring Organizations of The Treadway of ordinary), namely The anizing Committee Treadway Committee launched. It consists of the American public institute of certified public accountants (AICPA), American accounting association (AAA), international financial management association (FEI), internal auditors association (type IIA), international accounting association (NAA would) (a managerial accounting association jointly sponsored IMA predecessor). COSO continue to study and in 1992 it issued a programmatic document about the Internal Control, namely Internal Control the overall framework (Internal Control IntegratedFramework). The reports are put forward the COSO . federal reserve, the United States secur