| The topic of internal control is of great concern either in China or abroad. All in all, the framework of internal control has experienced six stages'developments: internal check, internal check system, internal control system, internal control structure, integrated framework of internal control and enterprise risk management framework. Since 20th century, the government, auditing department, enterprise and researcher all over the world has done a lot of theoretical and empirical study in internal control. Among them, COSO report of United States represents the latest development. Along with the social and economic development, foreign central bank and monetary management transfers internal control to management and governance, as a result, the internal control theory development is now experiencing a new leap.The central bank is in the position of frontier and core of the whole financial system, with the banking industry risk as well as the management duty of governmental public sector. Along with the deepening of financial reformation in China, central bank is now playing more important role in macroeconomic adjustment by financial methods, stabilization of financial system, improving financial service quality, accelerating stable and healthy economic development. To evaluate the optimization and safety of our financial system, we need not only evaluate the internal control and asset quality of financial institute, but also evaluate the capability of central bank to realize the objective on condition of risk control and keep the capability to give support to financial institutes. Presently, the research and practice of internal control of central bank is well dropped behind of practical demand.In comparison with commercial banks'internal control, the case of central bank has bigger social influence. Once there happens risk case in central bank, it will bring negative influence on reputation and financial stability. Contemporarily, the drawbacks of central bank internal control lies in managerial mechanism constraints, lack of control standard, shortage of qualified human resource, performance evaluation dilemma and so on. Besides, the central bank does not include decision risk into the control system, lacks of integrated internal control department, risk management level is well lagged behind the market demand, lacks of scientific internal control risk evaluation. Furthermore, the central bank also faces the bottlenecks such as the construction of system, the control of risk cases, holding two or more posts concurrently by one person. Finally, there are also some constraining factors among the information and communication of internal control,feedback mechanism, internal control supervision and transmission, which handicap the fulfillment of internal control target.This thesis brings forward the scientific methods to optimize central bank internal control, based on the theories such as management, auditing, accounting, central banking, internal control theory, using the foreign central bank and monetary management's internal control experience and development trend, through the analysis of central bank internal control environment, risk evaluation, internal control activity, information and communication, supervision and internal control evaluation.This thesis is composed of 10 chapters. Chapter 1 to chapter 4 is the theoretical foundation of the dissertation. This part covers the literature review of domestic and foreign present research, brings forward the integrated framework of central bank internal control, systematically outlines the development process of China's central bank internal control.Chapter 5 to chapter 9 analyzes the specific factors of central bank based on the COSO report. Chapter 5 explores the central bank internal control environment. After analyzing each environment factors points out the drawbacks of internal control, outlines the internal control environment restructuring methods such as managerial system restructuring, internal control culture cultivation, optimization of human resources management, performance evaluation improvement.Chapter 6 is on the risk assessment of central bank internal control. The dissertation mainly analyzes the legal risk, reputation risk, asset risk, information technology risk, efficiency risk, operation risk which is related to internal control. The dissertation brings forward that the core of central bank risk management optimization is improving policy and decision system, integrating internal control institutes, improving risk identification of evaluation, improving emergency management.Chapter 7 researches the central bank internal control activity. After analyzing the current central bank internal control activity and existing problems, outlines the optimization path through system construction, normalizing the internal control activity at basic level of central bank.Chapter 8 studies the central bank internal control information communication and feedback mechanism. Based on the analysis of internal and external information communication of internal control, the dissertation points out that central bank needs to improve information communication and feedback mechanism through internal control managerial system, properly disclosing the information, improving transparency of central bank decision process and so on.Chapter 9 explores the central bank internal control supervision and transmission. The dissertation mainly analyzes the supervision and transmission system, especially focus on the relationship between central bank internal control and internal auditing, internal auditing system and efficiency, existing problem of internal control. Then based on the research, the dissertation outline that the transformation and development direction of internal control, and emphasize that the central bank should improve internal control coordination and transmission between different levels in central bank.Chapter 10 explores the evaluation of central bank internal control. The dissertation mainly analyzes the current situation and problems in central bank internal control, the bring forward the optimization policy suggestion in central bank internal control evaluation system.The dissertation tries to make some innovation in the following aspects:First, the People's Bank of China has the risk character of commercial financial institutes as well as the management duty of governmental public sector. The thesis uses the COSO theoretical framework for reference, systematically analyzes the five factors as internal control environment, risk assessment, control activity, information communication and feedback mechanism, internal control supervision, outlines the suggestions on optimization of internal control in central bank.Second, based on the comparative analysis and empirical study on foreign central bank and monetary management's internal control, outlines the development trend of central bank internal control. Based on the research on central bank internal control development process, outlines the development stages of China's central bank internal control as: exploring stage, primary construction stage, gradually development stage, quickly development stage, supplies useful experience and important reference for China's central bank internal control.Third, the dissertation explores central bank internal control by economic analysis method. Central bank must consider the principle of cost and efficiency due to the resource scarcity. The optimal equilibrium state is to maximize the difference between the gains and costs. Neither insufficiency nor overabundance internal control can bring us efficient internal control.Fourth, the dissertation explores the central bank internal control evaluation framework theoretically and empirically. Based on the central bank's internal control requirements, brings forward internal control evaluation indicator system, variance maximization model, obscure comprehensive evaluation model. Based on the empirical study, the dissertation outlines the suggestion on how to optimize central bank internal control in China.
|
PDF Full Text Request