通过国务院在2013年12月发布的股份转让系统有关问题的决定中我们能够看出新三板市场正在迅速的进行扩展，基本已经覆盖到全国范围。在迅速增长的新三板挂牌公司中，由于新三板市场的挂牌要求宽泛，导致很多挂牌公司都存在问题。新三板市场建立以来，大股东掏空挂牌公司、花样百出的财务舞弊等事件频频发生，尤其是资金占用问题更为普遍，而且资金占用问题一直都是资本市场中一个重大课题。目前，我国证券市场的体系建设并不是十分完善，而且上市公司的股权结构错综复杂、法人治理结构混乱、信息披露不及时准确等情况依然存在，上市公司被掏空的事情时有发生。然而，在我国的多层次资本市场体系中，新三板市场仍然处在发展初期，交易模式和监管机制与主板市场存在差异较大，新三板的挂牌公司规模较小，股权结构相对集中，公司治理水平及内部控制水平远远低于上市公司的水准，此外，证券市场法律制度建设相对滞后，导致资金占用泛滥成灾。大股东占用挂牌公司资金的形式多种多样，主要包括拆借资金、违规担保、关联交易转移资金等方式，而且所采取的手段都很隐蔽，不易被发现，大大增加了监管审查的难度。这些现象充分说明了新三板市场中存在着严重的内部控制存缺陷，而内部控制的有效运转是企业能够正常经营的必要保障。一旦内部控制出现问题，那么企业发生资金占用、财务舞弊等事件的概率将会大大的增加。虽然随着内部控制规范等制度的颁布，情况有所改善，但是作为还在发展初期的新三板市场，制度体系建设本身还不完善，对于内部控制的实施更是难以得到重视，挂牌公司也只是将内部控制的实施的浮于表面，很难发挥内部控制的作用，从而使得资金占用的风险大大增加。 本文的研究基于Z公司2014年-2017年的年度报告以及其他相关资料，并通过对Z公司实际控制人资金占用案例的深度分析，结合相关的理论，从公司内部控制的角度分析发现新三板挂牌公司资金占用问题主要是股权高度集中以及董事会、监事会力量薄弱，无法形成强有力制衡，公司管理层不发挥作用等，而资金占用行为发生的外部原因主要是由于政府相关监管部门的监管力度薄弱、处罚力度较轻、中介机构也未尽责。然后针对Z公司实际控制人资金占用问题从内部控制和外部监督两个方面提出针对性的解决策略，并从中得到出启示。

Through the state council's decision on issues related to the share transfer system released in December 2013, we can see that the new third board market is expanding rapidly and has basically covered the whole country. In the rapidly growing neeq listed companies, due to the broad listing requirements of the neeq market, there are many problematic listed companies. Since the establishment of the new third board market, the tunneling and listing companies by major shareholders and various financial frauds have occurred frequently, especially the problem of capital occupation. However, capital occupation has always been a major subject in the capital market. At present, China's securities market system construction is not very perfect, and the listed companies' ownership structure is complex, corporate governance structure chaos, information disclosure is not timely and accurate, and so on. However, in our country multi-level capital market system, the new three board market is still in early stage of development, trade pattern and regulation mechanism and main board market difference is bigger, the new three board of the company on a smaller scale, relatively concentrated equity ownership structure, corporate governance and internal control level is much lower than the level of listed companies, in addition, the legal system of securities market construction relative lag, cause capital takes up overrun. Major shareholders occupy the funds of listed companies in a variety of forms, including the methods of borrowing funds, illegal guarantee, and related party transactions to transfer funds, etc., and the methods adopted are very complex and not easy to be found, which greatly increases the difficulty of regulatory review. These phenomena fully show that there are serious defects of internal control in the new third board market, and the effective operation of internal control is the necessary guarantee for the normal operation of enterprises. Once the internal control problem occurs, the probability of capital occupation and financial fraud will be greatly increased. Although along with the promulgation of the internal control standard system, matters have improved, but as a new three board market, also at the beginning of the development of itself will not be perfect, system construction for the implementation of the internal control is more difficult to get attention, the implementation of the listed companies is the internal control of float to the surface, it is difficult to play to the role of the internal control, thus making a significantly increased risk of capital takes up. Research of this paper is based on the Z company in 2014-2017 annual report and other related information, and through the actual controllers Z company capital takes up the depth of the case analysis, combined with relevant theory, on the basis of an analysis of the internal control to find new three board listed company capital takes up problems mainly equity concentration and the board of directors, board of supervisors is weak, unable to form a strong checks and balances, company management does not play a role, etc., and external causes for capital takes up behaviors is mainly due to the relevant government regulatory supervision is weak, to a lesser penalties, intermediary institutions is not responsible. Then, according to Z company's actual control of human capital occupation from the two aspects of internal control and external supervision to put forward targeted solutions, and get enlightenment.