Guidelines for Risk Control of Machine Tool Equipment Enterprises - Related Transactions, T/WLJC 54-2017

Scope

Scope: This standard stipulates the definition of related parties in the related-party transactions of enterprises and their control, as well as general guidelines for risk control of related-party transactions and their control. This standard applies to machine tool and equipment enterprises, as well as tool and cutter enterprises; Main technical content: For enterprises facing market competition, operational risks are everywhere. In May 2008, the Ministry of Finance, together with the China Securities Regulatory Commission, the Audit Office, the SASAC, the China Banking Regulatory Commission, and the China Insurance Regulatory Commission, issued the "Basic Norms for Enterprise Internal Control" and 18 application guidelines for enterprise internal control in April 2010, which basically cover various business and matters such as capital flow, physical flow, human flow, and information flow in enterprises, and build a standard system for enterprise internal control in China. The "Basic Norms for Enterprise Internal Control" and the series of documents on "Supporting Guidelines for Enterprise Internal Control" are designed for listed companies and large and medium-sized non-listed enterprises to comprehensively improve their management level, but some of their contents are also applicable to the internal risk management of small and micro enterprises. This standard, taking into account the characteristics of small and micro machine tool manufacturing enterprises in Wenling City, selectively adopts most of the risk factors and control measures after weighing the pros and cons, and after tailoring, it forms 26 standards.

Development Information

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