Key points of financial company audit

First, keep an eye on the credit business. As the core of banking business, the flow of credit funds is related to the specific implementation of national macroeconomic policies. In recent years, real estate, financing platform, internet finance and other fields are the main gathering places of shadow banking and credit funds, and there are problems such as lock-in, regulatory arbitrage, low transparency and high leverage ratio. In this regard, on the one hand, the audit should find out the stock business in accordance with the requirements of the Guiding Opinions on Regulating the Asset Management Business of Financial Institutions, and orderly reduce the stock of products that do not meet the requirements of the new joint venture business during the transition period; On the other hand, it is necessary to investigate incremental business through centralized rectification and combing of asset management business and capital flow. The second is to keep a close eye on regulatory indicators. Excessive maturity mismatch is the root of liquidity risk, and the key to judge whether maturity mismatch is excessive lies in whether the structure and maturity of assets and liabilities are reasonable. In recent years, inter-bank business and off-balance sheet wealth management business have been growing, and funds have flowed from on-balance sheet to off-balance sheet. There are some problems, such as untrue sources of data for measuring regulatory indicators, inaccurate "five-level" classification of loan data, complex transaction structure and long transaction chain. The audit shall conduct a substantive review of the underlying assets and the use of funds downward, and conduct a substantive review of the source of funds, whether other non-bank financial institutions and relevant regulations are used for regulatory arbitrage upward, so as to determine the authenticity and effectiveness of the data sources of regulatory indicators. The third is to keep an eye on the internal control system. Banking financial institutions generally have the characteristics of complex organizational structure, numerous business departments, scattered grass-roots outlets and high dependence on information systems, and are places with frequent operational risks. The causes of operational risk include: taking advantage of loopholes in bank management or system, violating working procedures, system failure, human error and so on. The key to reduce operational risk lies in the establishment and improvement of internal control system, whether the implementation is in place and effective, and whether there is the problem of formulating and implementing "two skins". The audit should focus on checking whether the systems of decision-making management control, authorization control, business process control and separation of duties are established and effectively implemented, whether they run through the whole process of decision-making, implementation and supervision, whether they cover all business processes and management activities, and whether they cover all departments, posts and personnel.