Analysis And Reconstruction, Of The Banking System Of Internal Control

Bank of China is one of the most influential power in the financial industry in china mainland. It also plays a decisive role in the banking industry. Bank of China has taken several measures to perfect the rules and regulations of the internal control and to strengthen its capacity for internal control. Until nowadays, as far as the internal control progress is concerned, it is still far from perfection.So in this article, our attention will be on internal control that is happening in Bank of China. Its construction of system as well as its development and trend is the focus of today. Because internal control serves many important purposes, there are increasing calls for a better internal control system. Internal control is looked upon more and more as a solution to a variety of potential problems.Based upon study on several cases which have occurred in daily operation in Bank of China, the essay shows harmfulness of low-level internal control and comes to the conclusion that an overall and forceful internal control system will be effective on risk management. A clear system and a clear definition will be set up after in-depth analysis on Bank of China cases. Also in this same article, a bird eye is on the theoretical research in internal control.It can also be recognized that only further improvement of internal control can effectively prevent bank risk and keep bank in a long-term sustainable run through the study of internal control on Bank of China.