Research On Hongda Mining’s Internal Control

With the continuous progress of China’s society and economy,the mining industry is facing better development opportunities than in the past,but at the same time,under the guidance of green mining policies,mining enterprises are also facing system reform and comprehensive development operations.pressure.For this reason,how to improve the comprehensive competitiveness of enterprises and strengthen their internal control systems should become an important direction for the future development of mining companies.To this end,this article selects Hongda Mining Group Co.,Ltd.as a case study.Based on the effective assessment of the overall development status of China’s mining industry using the SWOT analysis method,the Hongda Mining Group’s organizational framework,financial system,budget management,Fund management,internal audit and other perspectives analyze the overall effect of Hongda Mining Group’s internal financial control implementation,and use the COSO analysis framework to scientifically evaluate the overall level of Hongda Mining Group’s internal financial control.Therefore,this article proposes relevant countermeasures and suggestions for the existing problems and specific causes of the internal financial control of Hongda Mining Group.For example,at the organizational structure level,Hongda Mining Group can implement vertical management,establish a supervision system,and add regional companies.From three perspectives;in terms of improving the financial system,Hongda Mining Group can improve the financial system by strengthening talent management capabilities,clarifying job responsibilities,and further improving the internal financial system rules.In terms of budget management,Hongda Mining Group can improve the financial system.The overall implementation of budget management has been strengthened in two aspects: internal implementation efforts and enhanced controllability of the external environment.In terms of capital management,HTC Mining Group can strengthen the management of funds through the dual perspectives of strengthening investment,financing management,and effective control of asset-liability ratios.Level;finally,in terms of optimizing internal audit.