内部控制案例分析（Case study of internal control）.docVIP

内部控制案例分析（Case study of internal control） Case: Chinese Cao (Singapore) Limited by Share Ltd (hereinafter referred to as CAOSC Singapore company) was founded in 1993, is a large state-owned enterprises directly under the central China aviation oil holding company (hereinafter referred to as the group) of the overseas subsidiaries, 2001 listed on the main board of the Singapore Exchange, becoming the first use of China overseas owned assets in overseas listing of Chinese enterprises. Under the leadership of CEO Chen Jiulin, Cao Singapore company is on the verge of bankruptcy from a trade oriented enterprise development into a combination of industry and trade business entities, business jet fuel from a single import purchasing extended to international oil trade, net assets from the start in 1997 when the growth of $219 thousand for $more than 100 million in 2003, the total assets of nearly 3 billion yuan, can be described as to buy an oil empire, became the star of the capital market. CAOSC Singapore company was selected as MBA of National University of Singapore teaching case, Chen Jiulin was named the World Economic Forum new leaders and North Asian economy, selected outstanding alumni list. But a sudden change in the situation since 2004, Cao Singapore company in the high risk of oil derivatives trading options in huge losses and bankruptcy, the Bank of Bahrain become the largest since the collapse of speculation scandal. The first quarter of 2004, rising oil prices, potential losses of $5 million 800 thousand, Chen Jiulin can expect prices to fall, decided to postpone the delivery contract, trading volume also increased. The two quarter with oil prices continued to rise, the carrying amount of the company losses increased to about $30 million, Chen Jiulin decided to postpone to 2005 and 2006 delivery, trading volume increased again. October oil prices hit a record high, and the companys market position has reached 52 million barrels. In order to add additional ma