An Internal Control Research Of Private Equity Fund Company Based On Process Reengineering

Since the development in the 1950s,private equity funds have become one of the most important investment methods in the global financial system.At the end of the 20th century,private equity funds appeared in China.On the one hand,more and more enterprises in China have begun to invest in this new type of financial system,and have become an indispensable part of China's capital market.On the other hand,China's private equity funds still have some private equity fund managers and company operations violations,infringement of investors'rights and other phenomena,despite the successive introduction of relevant laws and regulations and the increasingly strict national supervision,which shows the internal of private equity funds.The need for control reflects the fact that the internal control construction of China's private equity funds has not been perfected at this stage.Therefore,this paper attempts to build an internal control framework for private equity funds through case analysis,improves the internal control system of private equity funds,and plays the role of internal control in enterprise management.This paper chooses to analyze the internal control of private equity fund with H Group as the research object,raises the problem,and finally solves the problem.Firstly,based on the introduction of H Group's case,this paper uses the five-factor analysis method of COSO internal control framework theory to analyze the current situation of H Group's internal control,and finds that there are three main problems in H Group's internal control at present:?Internal control based on department setting The system has not been perfected;?H Group has not yet established a sound OA system and fund database;? The risks in the operation of private equity funds are not in place.This paper analyzes the reasons for the internal control of H Group from the perspectives of macro and micro.Then,based on the business process reengineering theory,this paper designs from the process level to the internal control of H Group's main business-private equity fund,and sorts and rebuilds the two operation processes of private equity fund raising and investment,using qualitative and quantitative methods.The specific links are designed,including the fund product risk assessment link,the investor appropriateness matching link,the investment risk management link,the due diligence process and the investment decision link.The internal control design of private equity fund internal control research and private equity fund operation process has certain reference significance for the current private equity fund enterprises to establish and improve the fund operation process and internal control system.