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internal control

The Prevention and Solution of the Accounting Risk of the Commercial Banks

Starting from the expression forms of the accounting risk,this paper probes into the accounting risk faced by the commercial banks,and puts forward some corresponding measures for preventing the accounting risk of the commercial banks.

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Monday, August 13th, 2012 International Banking No Comments

ACCOUNTING THINKING ABOUT THE PHENOMENON OF “MUTUAL GUARANTEE CHAIN” AMONG LISTED COMPANIES IN CHONGQING

In the environment of market economy,loan guarantee is a kind of normal operation of enterprises since it is a way for listed companies to circulate necessary funds.It reduces trade risks and promotes the development of the capital market.However,mutual guarantee among listed companies,which phenomenon is quite common in Chongqing at present,does not alleviate market risks;instead,it aggravates the risks at the security market and financial market and upsets the normal running of the capital market.This paper discusses the phenomenon of mutual guarantee chain,analyzes the underlying causes for its formation and points out the harm it may cause.Finally,some suggestions are put forward.

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Wednesday, August 8th, 2012 Banking Business No Comments

Discussion on internal control of monetary fund in drainage and irrigation enterprise

The necessity of strengthening the internal control in drainage and irrigation enterprises is analyzed.The goal and main methods used to enhance the control are put forward.Firstly,a strict monetary fund management system must be set up.The precautionary measures to the loopholes that most likely appear in daily taking and giving out of cash and bank account are presented. Secondly,a strict system of post divisions must be set up.Emphasizing on the dividing of incompatible posts which handles monetary fund,to form a system of checks and balances.Thirdly,to set up a strict system of authorization,the examiner and approver can’t exceed and misuse their authority.Fourthly,a strict internal control system must be establish in computerized accounting,which define the responsibility and purview for accounting supervisor,system manager,voucher recorder each.

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Wednesday, August 8th, 2012 Investment Banking No Comments

Fuzzy Comprehensive Evaluation Method for Internal Control by Commercial Banks

As more and more state-owned commercial banks go public, it is imperative to improve their internal control system. A sound internal control system can not do without an effective evaluation method. In this paper, fuzzy comprehensive evaluation method is employed to evaluate the status of internal control. The model for fuzzy comprehensive evaluation is composed of factor set, remark set based on the evaluation of expert or persons familiar with internal control, weight set and fraction set. Analytic hierarchy process (AHP) is used to ascertain the index weight according to Table of Internal Control Evaluation Scoring Method by China Banking Regulatory Commission and fuzzy cluster analysis is used to sum up and comprehensively evaluate the result of evaluation. To illustrate the application of this method, the paper cites internal control of a commercial bank. Since there lacks quantitative evaluation for internal control evaluation in our country, fuzzy comprehensive evaluation method employed by this paper is considered to be a good attempt at quantitative evaluation.

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Friday, July 27th, 2012 Banking Innovation No Comments

Causes of Low Efficiency of Commercial Bank’s Internal Control and Re-construction of It

Financial risk exposed in Chinese commercial banks comes mainly from low efficient internal control characterized by unsystematic control pattern.Based on the reality of commercial bank’s internal control in China,we analyzed what caused its low efficiency and constructed an element dynamic controlling body pattern according to the requirement of COSO and the ERM.Then in a deep going way,we studied the constitutions and the working way of the body pattern,and on which we tried to provide effective way to managing the internal control behavior and to reducing financial risks of the commercial banks.

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Thursday, July 26th, 2012 Investment Banking No Comments

Research on the Internal Control in Commercial Bank

With the rapid development of Chinese economy,finance industry plays a more and more important role in domestic economy.Beginning with the current situation of internal control of Chinese state-owned commercial banks,this article introduces the fundamental theory of internal control of US banks in details.Based on the theory,this article puts forward a solution of building and perfecting internal control of Chinese commercial banks that can promote the development of Chinese commercial banks.

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Thursday, July 26th, 2012 Commercial Banking No Comments

The Risk Management of Overseas Investment Banks: Strategy,Framework and Operation

Overseas investment banks have set up a series of perfect risk management system in their long history,such as proper strategy of risk management,effective framework of risk management,strict procedure of risk management,and advanced tools of risk management.These experiences are the significant reference for Chinese securities firms? internal control and risk management.

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Wednesday, July 25th, 2012 Banking System No Comments

Accounting Internal Control in China Construction Bank

China Construction Bank,one of four state-owned commercial banks in China,is very important to the national finance industry.Inside commercial bank,accounting internal control is a critical link of bank management.Therefore,the study concerned proves helpful to strengthen the bank management in the course of development.

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Friday, July 20th, 2012 Online Banking No Comments

On Risk Coasciousness and Internal Control in Construction Investment of Higher Institutes

The multiplex policy of education investment has brought a rich capital source for the construction and development of higher Institutes Using the bank credit fund to carry on the project investment is a choice of many colleges and universities. With allocating of funds and implementing of investment project comprehensively, the risk also comes. Through strengthening internal control and raising the risk consciousness, we can regulate the management of project, monitor the process of implementation, guard against and defuse the risk.

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Thursday, July 19th, 2012 Banking System No Comments

The Internal Control of Commercial Banks and Its Practice in China

With the rapid development of China economy,financial industry plays a more and more important role in national economy.Beginning with an analysis of the current situation of internal control of China state-owned commercial banks,this paper introduces the fundamental theory of internal control.Based on the theory,it puts forward some suggestions for building and improving the internal control of China commercial banks,which may contribute to the healthy development of China commercial banks.

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Tuesday, July 17th, 2012 Online Banking No Comments