How to control internal risks 1 A fund management company has a risk control committee (or compliance review and risk control committee) and other risk control institutions, which are responsible for the overall control of risks in fund operation.
2. Formulate internal risk control system. It mainly includes: investing strictly in accordance with the investment ratio stipulated in laws and regulations and fund contracts, and not engaging in businesses that prohibit fund investment; Adhere to the principle of independence, fund assets managed by fund management companies and their own assets should be managed independently and separately, and company accounting and fund accounting should be strictly separated; The centralized trading system is implemented, and each transaction must be recorded in writing and stamped with a time stamp; Strengthen internal information control, implement space isolation and access control system to prevent internal important information from leaking; The front and back office departments should operate independently and so on.
3. Internal supervision and audit control. The purpose of supervision and audit is to check and evaluate the legality, compliance and effectiveness of the company's internal control system and the company's investment operation, supervise the implementation of the company's internal control system, reveal the risks in the company's internal management and investment operation, put forward suggestions for improvement in time, ensure the effective implementation of national laws and regulations and the company's internal management system, and safeguard the legitimate rights and interests of fund investors.
In a word, fund management companies are the main pillars of modern capital markets and the main organizers and providers of long-term funds in capital markets. To become the dominant force in the capital market, we must have mature investment ideas, specialized research methods, good governance structure, standardized products, strict internal risk control system, strict external supervision and information disclosure system.
As a buyer of the capital market, we should check and balance with securities companies, make reasonable valuation and pricing for listed companies, promote listed companies to improve corporate governance, promote industrial upgrading, optimize industrial structure, accelerate innovation in technology, products and systems, improve the return on capital, let investors share the dividend of company growth, and realize a win-win situation between investors and the capital market.
At the same time, in accordance with the principles of honesty, credit and diligence, we will conscientiously fulfill our fiduciary obligations, do a good job in investor education according to the changes in market investment value, and reasonably decide the timing and scale of raising funds. Investors should be fully aware that the performance advertised by fund management companies often cannot represent future earnings, and keep a high degree of vigilance against those fund management companies that publicize unilaterally, do not fully reveal risks, and become misleading advertising. Note: This information only represents the expert's personal views, and is for reference only, and the investment risk is at your own risk.
How to control the internal risks of the company? On the relationship between enterprise risk management and internal control.
External relations. Enterprise risk management and internal control can take enterprise objectives as the carrier and provide scientific and reasonable guarantee. The elements of enterprise internal control and risk management include five levels, namely, communication and information, supervision, control activities, environment and risk assessment. The coincidence of these elements is manifested in the similarity of realization mechanism and the coincidence of goals. Risk management also includes a new concept, namely comprehensive risk management and risk combination.
Internal relations. Taking risk as the key and under the premise of internal control, risk management has gradually become the focus of organizational development. It is a natural development state that risk management acts on enterprise internal control. In this state, the continuous development of technology promotes enterprise internal control and gradually tends to risk management.
Second, the problems existing in enterprise internal control risk management
1, the internal control and supervision mechanism of the enterprise is not perfect.
The implementation mechanism of enterprise internal control is a continuous process. In this continuous process, it is necessary to create management regulations and systems to carry out necessary constraints, so as to achieve the business objectives of enterprises. Therefore, in order to ensure the smooth implementation of enterprise management system and produce high-quality implementation effect, the establishment of enterprise internal control mechanism needs to adapt to the business environment, need to deeply understand the emerging new environment and new problems in the business environment, and need to continuously supervise enterprise internal control to ensure the effective integration of enterprise prior supervision and post supervision.
2. The enterprise risk control system is not perfect
At present, it is the information age, and the uncertainties of domestic enterprises will continue to increase. In the process of production and operation, enterprises will have more and more risks. The establishment of risk management department can effectively carry out necessary risk response, risk assessment and risk identification, which is a very important implementation countermeasure, especially the combination of basic tools and financial derivatives to create financial products with different characteristics. However, domestic enterprises have a weak awareness of management and risk control, so it is impossible to set up a special risk management department, and risk control, risk assessment and risk identification cannot be carried out normally.
3. Enterprise risk control awareness is weak.
Nowadays, the competition in the international market is fierce, and there are more and more foreign-funded enterprises in China, which makes domestic enterprises under greater pressure and will produce more complicated risks. In the fierce competition market, China enterprises are basically in a weak position in enterprise risk awareness. Managers in enterprises generally only pay attention to the financial defense line, and their awareness of management and risk control is very weak. More enterprises will suffer huge losses as a result. The main reason is that the managers involved in this part of the enterprise can't have a comprehensive sense of risk control and have a serious speculative psychology, which makes the internal losses of the enterprise happen from time to time, which is very serious.
4. The corporate governance structure is not perfect.
For enterprise internal control, the perfection of corporate governance structure is the basis and core condition to promote the rational operation of enterprises, and it can also ensure the effective implementation of internal control system. According to China's relevant company law, listed companies need to establish and improve the power institutions such as the board of supervisors, the board of directors and the shareholders' meeting, but in terms of actual implementation, they lack a relatively perfect governance structure. In our country, many enterprises will overlap when setting up power institutions, and there will also be problems such as the high proportion of directors in the board of directors.
Third, improve enterprise internal control risk management measures
1, strengthen the internal supervision mechanism of enterprises.
It is necessary to fully maintain the independence of enterprise internal audit. The most important condition for an enterprise's internal audit to have corresponding authority is whether it can achieve independent internal audit. However, the independence of internal audit is restricted by the setting mode of internal audit institutions. If the internal audit institution is independent, it means that the internal audit meets the conditions of independence, and it is also a prerequisite for auditors to ensure fair audit. Therefore, enterprises need to maintain an independent internal audit department. To make it clear that the internal audit work will not be restricted by individuals or any department, it is necessary to set up an audit committee in the board of directors of the enterprise, and set up an audit department according to the different risks and scales of the enterprise to directly lead the internal audit work of the enterprise, so as to ensure that the internal audit can have certain independence and authority.
Implement risk-oriented audit system in enterprises. Within the company, internal audit is an independent and objective supervision and consulting activity. The specific reason for establishing internal audit system is to avoid mistakes and fraud, and then effectively improve the overall operation effect of enterprises and strengthen the value of enterprises.
2. The company's risk management system needs to be constantly improved.
Subdivide the risk projects of enterprises. In order to identify risky projects, we can use more scientific countermeasures. Enterprises need to scientifically divide the different risks they face into company-level risks and business activities risks. Generally speaking, there are two main factors that cause company-level risks: external and internal. The internal factors include: strategic risk, financial risk, operational risk and organizational risk. External factors include political factors, market competition, technical factors, natural disasters and laws and regulations. Risks at the business level specifically refer to the different risks existing in production and business activities and enterprise management functions, and the risks will be different in different industries and markets faced by enterprises.
Therefore, enterprises need to properly select the risk factors at the company level or the risk division method at the business activity level according to their own corresponding characteristics, identify the different risks faced by enterprises in detail, and identify the potential risks of companies by combining qualitative and quantitative methods.
Fully identify the company's risk problems. In order to improve the risk management of enterprises, the most important condition is to identify different kinds of business risks in time. On the one hand, risk identification is the main starting point and foundation in the process of enterprise risk management, on the other hand, it is the most important and difficult work in enterprise internal control. In the process of operation and production, enterprises need to deal with and comprehensively identify different types of risks in time and distinguish risks from opportunities, so that enterprises can take targeted countermeasures in time or find suitable ones on the basis of removing risks. Establishing a perfect enterprise risk identification system can ensure that managers will not deviate from strategic objectives.
3. Cultivate the risk management concept of high-quality enterprises.
High-quality risk management concept, on the one hand, is the core of enterprise risk management, on the other hand, it is the specific environmental factors for internal control. Enterprise's risk management is the corresponding belief and attitude, that is, the belief and attitude implemented in actual production activities will have a direct connection with the enterprise's cultural risk and management style, and will also restrict the realization of enterprise goals and the display of enterprise values. At the same time, risk response, risk assessment and risk identification are the main forms of enterprise risk management. Therefore, it is necessary to establish the concept of risk management well within the enterprise, so as to actively restrain the different risk levels of the enterprise in the whole enterprise and make the enterprise develop smoothly.
Related content: Why do enterprises need internal control and risk management?
Enterprises need internal control and risk management for four reasons:
First, enterprise internal control is the basis to ensure the normal operation of enterprises, and the quality of internal control is directly related to the success or failure of enterprises.
In order to improve the efficiency of enterprises, strengthen management, reduce work mistakes and rationally allocate various resources, we need to establish a modern scientific and reasonable internal control system, and the establishment and improvement of the internal control system is one of the symbols of the management level of modern enterprises.
The second is to guard against risks and establish investor confidence.
The implementation of enterprise internal control evaluation conforms to international practice, which is helpful to reveal the major defects of enterprise internal control and safeguard the interests of investors and the order of capital market. Investors' choice of investment behavior is not only based on financial data and related information, but also based on the analysis of the design and operation quality of the company's internal control system to judge the company's ability to resist risks.
The risks of enterprises come from two categories: first, from violating external mandatory laws and regulations, including compliance, authenticity and reliability of financial reports and related information, and safety of assets; The second is the adaptability from the internal management system, including strategic positioning and implementation means, management efficiency and management effect. The occurrence of the first kind of risk will make the enterprise bear the illegal cost and lead to the decline of enterprise value. The occurrence of the second risk will directly affect the ability of enterprises to obtain cash flow and increase the uncertainty of investment return. Enterprises establish internal control system to prevent the above risks.
Third, the implementation of internal control is the fundamental way for enterprises to strengthen communication and promote information symmetry.
We can strengthen the understanding of internal control system inside and outside the unit, promote the symmetry and transparency of information between relevant units or departments, strengthen the cooperation and cooperation between departments in specific control links such as authorization, incompatible job separation, independent business audit, access restrictions on assets and records, optimize the internal control structure according to the principle of cost-effectiveness, and adjust and improve the internal control system in time according to the changes in management environment or business nature fed back by various departments, thus ensuring the soundness and effectiveness of internal control.
Iv. Implementing internal control is an effective means for enterprises to improve internal control and strengthen internal supervision and control.
It is not enough for the effective implementation of internal control to rely solely on the independent implementation of various departments and relevant personnel, and it will often fail because of collusion, deception or inaction of relevant departments and relevant personnel. Therefore, it is necessary to establish and improve the supervision mechanism and continuously evaluate the operation quality of internal control, that is, evaluate the design, operation and repair activities of internal control. By reviewing and evaluating the soundness and effectiveness of internal control, evaluate the implementation of internal control system by relevant departments and personnel, and supervise their comprehensive and effective implementation of internal control system.