Study on Intangible Welfare of Large State-owned Enterprises

Intangible welfare refers to the welfare that cannot be reflected in traditional auditing report or be found in any means which is different from the "tangible welfare" stipulated by state laws and regulations. Intangible welfare is invisible, diversified and regulation-violating. It is embodied in intangible housing welfare, daily consumption welfare, financial speculation welfare and knowledge product welfare etc. To prevent the happening of intangible welfare among state-owned enterprises, it is necessary to establish an auditing warning model based on risk-orientation, reinforce the government's macro guidance to the enterprises and set up effective self-regulative scheme.