Research On Financial Risk Of CQ Company Based On Internal Control

With the rapid development of China’s economy and the increasing demand of residents’ travel,the scale of civil aviation industry is expanding.However,because of the rapid development of civil aviation industry in recent years,many airlines have a series of problems such as low awareness of financial risk,poor internal management and control environment.At the same time,the degree of economic globalization is deepening,more and more foreign airlines are entering the Chinese market,which makes the competition of civil aviation industry more and more intense.Therefore,domestic airlines,especially private airlines,need to make in-depth analysis and accurate evaluation of their own financial risks,and take effective measures to deal with the financial risks faced by enterprises in time.These measures are closely related to the internal control system of enterprises.In the changing market economy environment,if the enterprise can establish a perfect internal control system and ensure the scientific and effective implementation,it will ensure the scientific and stable operation of the enterprise,which is of great significance to prevent and deal with financial risks.CQ company,as the second largest private airline and the largest low-cost airline in China,has a scientific internal control system and good implementation,but it still has some shortcomings and still faces some financial risks.Therefore,this paper analyzes the internal control and financial risk of CQ company respectively,among which the internal control status is analyzed according to the control environment,risk assessment,control activities,information communication and internal supervision.The financial risk based on internal control can be divided into three aspects:investment risk,financing risk and operation risk,Then,the paper summarizes the financial risks faced by CQ company and analyzes the reasons related to internal control that cause these financial risks,and finally gives effective preventive measures.These analysis processes and countermeasures can help CQ company to deal with financial risks,and also provide reference for the research of financial risks based on internal control in civil aviation industry.