Research On Internal Control Of Currency Funds In RL Companies

The most important asset component of enterprise development is monetary funds,which runs through the entire production and operation activities of the enterprise,and is the lifeblood of the stable development and growth of the enterprise.In addition,monetary funds have the characteristics of strong liquidity and easy fraud.These characteristics of monetary funds make internal control increasingly difficult.However,RL’s internal control system of monetary funds is still incomplete,and the relevant departments’ understanding and management of monetary funds are still conservative and lagging.These are issues that need to be resolved urgently,including irregular cash management and inadequate reserve management.Standardization,irregular management of bank accounts and deposits,irregular management of bills,and insufficient supervision of internal audit institutions.Therefore,it is imminent to analyze the current internal control and management process of corporate monetary funds.The research on the internal control of monetary funds of RL companies can promote the formation of a good monetary fund system and provide guarantees for the safety,integrity and effectiveness of corporate monetary funds.To reduce or even eliminate the occurrence of fraud of monetary funds is of great practical significance for gradually forming a standardized internal control and use of monetary funds,improving the financial management effect of enterprises,and promoting the sustainable and healthy development of enterprises.This paper analyzes the current situation and problems of the internal control of the company’s monetary funds through a variety of research methods such as literature research,field research and inductive deduction.Taking domestic RL companies as examples.Firstly,the related concepts and theories of monetary funds and internal control are discussed at the theoretical level,and then the current situation of internal control of monetary funds of RL companies is summarized.After collecting the company’s internal control related data from 2016 to 2019,the case analysis method was used to analyze the current problems of the RL company.The problems mainly focused on the company’s cash management,reserve management,bank account and deposit management,and bills.Management,etc.After analyzing the reasons for the problem,three major reasons were sorted out,namely the irregular division of duties and responsibilities,the irregular management of monetary funds revenue and expenditure,and the lack of a complete internal evaluation mechanism and supervision mechanism.Finally,the article puts forward solutions and suggestions for the company’s existing problems.Not only should we start with the improvement of the division of duties and responsibilities,we should also pay attention to the improvement of relevant systems and the establishment of effective supervision mechanisms.I hope that through the research of RL’s internal control system of monetary funds,this paper will provide some methods and reference for the company and other similar enterprises to prevent the current monetary fund fraud phenomenon,improve the utilization efficiency of corporate monetary funds,and accelerate the enterprise.The flow of related assets injects fresh blood into the development of the company.