The Optimization Of Internal Control Of The People's Bank Of China XT Central Sub-branch

As the internal mechanism of self-control and restraint in the internal control system,internal control is the core of the organizations.A complete internal control system would contribute to constraining the management behavior and strengthening the risk prevention in organizations,and which is an important measure in risk management.The branches of The People 's Bank of China are always committed to implement the credit and monetary policy,supervise and manage the financial market,participate in the systematic financial risk deflation,and keep the regional financial stability.With the developing of information technology and the improvement of financial status,the risk faced by the branches of The People's Bank of China seems to be an increasing trend.Internal control cases in the banking system occur frequently in recent years.As the leader of financial industry,The People's Bank of China is facing a higher demand for the construction of internal control.This paper investigates the function and internal control system in The People's Bank of China XT Central Sub-branch.Based on the theoretical basis of internal control,risk management,5 key element of COSO internal control(including environment,risk assessment,internal control activities,Information and communication,supervision of internal control),and " Guidelines for the internal control of the branches of The People's Bank of China",this research analyze the operation of internal control exhaustively,which aims to identify the existing problems and the causes,and then,contribute a better internal control management system by applying an advanced risk assessment model to dividing and quantifying the risk level,which purpose is to optimize the 5 key element of COSO internal control and avoid risks in XT Central Sub-branch.This is also the innovation of this article,similar to the previous research topics,mostly qualitative analysis or the use of rough estimates.Previous studies have similar topics,mostly qualitative analysis or rough calculation.In this paper,the department as an example,the introduction of a large number of data on the risk of a specific quantification.This paper may have some reference significance in the internal control optimization for XT Central Sub-branch and other branches,that should be adjusted according to their own situation.