Study On COSO Framework In FXL Investment Internal Control

This paper studies the main problem in the FXL company's internal control system. The paper uses COSO framework to analysis the problem of the invest internal control system of the company. on control environment, risk assessment, control activities, information and communication, monitoring. After this, the paper puts forward some suggestions.The paper contains four sections.Preface: the purpose of this paper is the conflict between the importance of investment internal control to the enterprise and the common ignore to it.Chapter 1: The current situation of our country's company investment control. This chapter introduces the importance of the investment control to the enterprise and the current situation of investment control and points out the main problem.Chapter 2: Brief introduction of internal control system and the way it develops. This chapter introduces the way the internal control system develops, introduces the frame of COSO internal control, the definition of internal control, three targets ( operation results and efficiency, reliability of financial report, comply with the current regulation), and five sections. Besides, this chapter introduces the relationship between internal control and management, internal control and corporate governance)Chapter 3: How COSO framework works in the investment internal control of FXL company. This chapter contains three sections. Section 1 gives the brief introduction of FXL company. Section 2 gives the situation of FXL company's invest asset, introduces the company's investment to the outside and to inside fixed asset. Section 3 is the key point of this chapter and this paper, this section points out the problem of FXL company's problem for five aspects: control environment, risk assessment, control activities, information and communication, monitoring. At the end, some good suggestions are given out.