Research On Financial Internal Control Optimization Of M Basic-level Central Bank Based On COSO-ERM Framework

As a branch of the People’s Bank of China,the Central Bank at the grass-roots level plays an active role in carrying out the relevant policies and guidelines of the state and the head office,maintaining financial stability in the areas under its jurisdiction,performing the functions of the Central Bank and undertaking related business.The budget funds at the grass-roots level are incorporated into the financial budget,which is mainly controlled by China’s central finance,and the People’s bank system is broken down into various parts from the top down,financial internal control management efficiency and quality will directly affect the People’s Bank of China’s work and the implementation of various functions.In fact,the grass-roots Central Bank is at the end of policy transmission,which leads to the grass-roots central bank receiving information in a timely manner,poor policy sensitivity,lack of risk awareness,weak system concept.Under the current financial management and budget system,the contradictions in the process of financial internal control have become increasingly prominent due to the tightening of the Central Bank’s funding quotas,the internal control of basic-level central banks,the implementation of financial budgets and other practical factors,various risk points are gradually revealed.Therefore,how to correctly understand the form and risk of financial internal control and optimize the financial internal control of the basic-level Central Bank has become an urgent need to improve standardized management level and prevent risks.Based on combing the relevant concepts and theories of financial internal control,this paper integrates coso-erm framework into the overall level and business level,analyzes the actual situation of the operation of financial internal control of M grass-roots central banks,studies and analyzes the problems and potential risks existing in the practice of financial internal control of M grass-roots central banks,and puts forward suggestions and safeguard measures to improve the financial internal control of M grass-roots central banks by using the concept of coso-erm framework,It is committed to exploring the deep reasons behind the financial internal control problems of grass-roots central banks and putting forward feasible measures,in order to provide reference for the optimization of financial internal control of other grass-roots central banks.