Research On Internal Control Of Industrial Low-carbon Project Financed By Foreign Debt In N Province

Under the background of Dual-Carbon policy,green and low-carbon development has become the main theme of China’s economic and social development.As a supplement to domestic capital,China’s foreign debt is mainly used to support areas such as energy conservation and environmental protection,green development,rural revitalization,transportation and urban construction,etc.,and it plays an important role in promoting high-quality economic and social development in China.However,the global unstable and uncertain factors increase significantly,the possibility of "stagflation" and recession of the world economy grows,in addition to the frequent interest rate hikes by the Federal Reserve,a new round of global debt crisis may outbreak at any time.In order to prevent foreign debt risk and fully exert the effectiveness of foreign debt funds in promoting low-carbon economy reform,it is theoretically and practically crucial to conduct research on internal control of projects financed by foreign debt.On the basis of public product theory,principal-agent theory,COSO internal control framework and risk management theory,and in combination with domestic and foreign research on foreign debt risk management,project management financed by foreign debt,and internal control of engineering projects,the dissertation comprehensively expounds the concepts and features of projects financed by foreign debt and internal control of projects financed by foreign debt.Then,taking the industrial low-carbon project financed by foreign debt in N Province as a case study,the dissertation makes study on the current situation analysis,existing problems discussion,cause analysis,and countermeasures towards the industrial low-carbon project financed by foreign debt in N Province based on the COSO internal control framework.After research,the dissertation finds out that the problems in internal control of the industrial low-carbon project financed by foreign debt in N Province are: relatively weak internal control environment;incomplete foreign debt risk evaluation system;ineffective implementation of internal control activities;low efficiency of internal information communication;formalistic execution of internal project supervision.Then the dissertation analyzes that the cause to the problems is: high difficulty in internal control environment construction,poor level of risk management of foreign debt,lax procedures of internal control activities,blocked channels of information communication and great resistance to internal supervision promotion.Finally,the dissertation puts forward corresponding optimization suggestions: optimize the internal control environment to solidate project management capability,improve risk evaluation mechanism to strictly control the risk of foreign debt funds,improve the internal control activities to vigorously promote project implementation effect,break through the internal communication barriers to smooth information communication channels,innovate the internal supervision methods to fully exploit the effect of supervision,and assort guarantee measures of internal control optimization to ensure the internal control optimization effect.Research on internal control of industrial low-carbon project financed by foreign debt in N Province can both improve the case’s internal control to enhance project management level,control foreign debt risk and realize the project’s expected target,and also provide reference for the optimization of internal control of other projects financed by foreign debt.