Case Study On Internal Control Of Commercial Cotton Trading In C Exchange

C Exchange is a cotton spot electronic trading platform.The main function is to organize transactions,find the price,avoid risks and pass information.It makes use of e-commerce platform to provide services such as transaction settlement,physical delivery,warehousing and logistics,trade financing,information consultation and personnel training for the cotton-related enterprises.While making good policy cotton transactions,italso actively explores the standardized trading of commodity cotton and devotes itself.Its goal isto become a commodity cotton transaction platformlike the "Alibaba." After years of exploration,C Exchange has initially built an integrated business operation system including trading platform,capital service platform,logistics supervision platform and information service platform.At present,the Exchange already has over 4,000 traders,a total of more than 30 million tons of commodity cotton business,over6 million tons of commodity cotton storage and more than 20 billion yuan of capital services to commodity cotton traders.The establishment and development of C Exchange has promoted the market-oriented reform of commodity cotton trading and ensured the orderly conduct of commodity cotton trading business,which requires effective internal control.This article elaborates the internal control status of trader management,designated delivery(supervision)warehouse management,margin management,commodity cotton transaction delivery,quality weight dispute and transaction information system involved in the commodity cotton transaction in C Exchange.Firstly,through reading relevant literature at home and abroad,put forward thesis topic.Secondly,the overview of internal control theory of the commodity electronic exchange.It mainly includes the meaning and characteristics of the electronic transactions of commodities.According to the basic norms of internal control and the application guidelines,the author summarizes the meaning,characteristics and content of the internal control of the commodities electronic exchange.Thirdly,the status quo in internal control of commodity cotton trade in C Exchange.It mainly introduces the development and development of C Exchange,and summarizes the current state of internal control of the trading market in accordance with the business process of commodity cotton trading.In the fourth part,there are problems and causes of the internal control of commodity cotton transaction in C Exchange.According to the status quo of the internal control of commodity cotton transaction,this paper analyzes many problems existing in the internal control of transaction market and explores the possible causes of these problems.The fifth part is to improve the internal control of commodity cotton trade in the C Exchange.Based on the current situation and problems of the internal control of the C Exchange described in the third and fourth sections,the countermeasures and suggestions for strengthening the internal control of the C Exchange are proposed.The sixth part is conclusion and outlook.Summing up the above content,based on the case analysis,we draw conclusions and look forward to the development of C Exchange according to the proposed countermeasures and suggestions.