Research On Issues Related To The Audit And Internal Control Of Securities Brokerage

With the financial globalization and the continuous development of China's capital market, the securities brokerage business in China has been continuing to grow up fastly, the securities brokerage business is the most basic and important source of income fora securities company with but.With the fierce competition, the constant search for innovative brokerage business aims to pursuit more revenue, whitch makes the securities companies have to face more risk factors. In an increasingly complex situation, due to China's immature capital market, capital imperfect regulatory system. What's more, in the development of brokerage business, the security companys focus and pay much attention on the over-concentration of market development, business expansion, a lack of internal control construction awareness and motivation, and much of the existing internal control system is mostly forced to establish by the regulatory authorities in a passive manner. Therefore, to strengthen the force of internal audit, the awareness of internal control and improve the internal control systems become more and more urgent requirements,for the purpose of guarding against the risks.To improve and develop the internal control system, we must call the securities company managemers and employees to pay enough attention to internal control. The scientific construction of internal control includes compliance culture, organizational structure, business process control, information management systems and internal audit. In order to deal with the uncertainties and risks, we must continue to improve the internal control system in the future.At the beginning, the theory and regulation laws of internal control were reviewed as the basis of the article. Firstly, the paper brifely introduced the securities brokerage business, business process, then analysised the audit models, priorities and specific methods, to expose the securities brokerage business-related internal control issues in auditting. Combined with the characteristics of brokerage business, the author classified nternal control related issues into four categories including system, business operating, information management systems and personnel management. Systematic, scientific and easy-doing is three principles in writing out the suggestions for improving the internal control system. We try to resolve internal control related to the practical problems found in the audit process of the securities brokerage business as well.