Historic Evolution of Internal Control Theory and Its Future Prospect

Perfecting internal control is one of the necessary conditions in well managing an enterprise,and will not be defeatel in sharp market competition.Theory and practice of internal control gradually become perfect and plentiful in its long term of development.The article all-round reviews the historic evolution of internal control theory,and introduces the present latest theory of development of international control .But change of circumstances and development of enterprises means that the internal control theory shoud develop along with them.So the article also analyses the shortage of present internal control theory and makes a prospection of future direction of development of internal control theory.