Most private enterprises adopt a family-style management model, with serious corporate centralization. Many private enterprises do not have or cannot establish internal audit departments, and even if they do, it is difficult to ensure the independence of internal audits. Moreover, most private enterprises lack a sound internal control system, which has caused the entire financial supervision system of the enterprise to be out of control, resulting in serious asset loss and waste, low asset management efficiency, and increased corporate risks.
(III) Difficulties in financing and serious shortage of funds
At present, financing difficulties have become the biggest obstacle to the development of private enterprises. In theory, there are three sources of funds for enterprises: direct financing, indirect financing, and the use of own funds. But in reality, the financing channels for private enterprises are very narrow. First, from the perspective of direct financing, my country's securities market is not well developed, and the conditions for enterprises to issue stocks and bonds to raise funds are relatively harsh. Only a very small number of private enterprises can raise funds through the capital market, and most private enterprises can only sigh in despair. Secondly, from the perspective of indirect financing, private enterprises rely too much on bank loans. However, since banks put the security of funds first and have relatively harsh requirements for guarantees, it is difficult for private enterprises to provide sufficient collateral and pledges required by banks, and it is difficult to obtain loans, especially long-term loans. Generally, they can only obtain short-term thailand phone numbers loans with small amounts and short terms from banks. Providing financial support through guarantee companies and various funds is even more inadequate. Finally, relying on own funds has almost become the main source of funds for private enterprises, but after all, own funds are limited and it is often difficult to meet all the capital needs of enterprises, resulting in serious shortage of funds and restricting the further development and growth of enterprises.