F Bank Study And Improve Internal Controls

Along with the development of the economic globalization, financial industry isdeveloping at a high speed. Meanwhile, banking industry nowadays is confrontedwith a huge risk. From the review of the history of banking development, many bankswent out of business and bankrupt and a number of major cases happened. The reasonis that banks’ internal control system become invalid. Under the circumstance ofglobal economic intensifying integration and the continuous economic reform andopenness of our country, many new financial risks appear and threaten the safety offinancial industry and its sustainable development. The commercial banks’ internalcontrol management becomes especially important. A perfect bank internal controlsystem can be an effective mechanism against all kinds of risks. Based on the theoriesof internal controls at home and abroad, this paper analyses the current situation of Fbank’s internal control and then reveals its weakness and influences in the respect ofcontrol environment, internal control measures, risk identification, informationexchange, supervision and inspection and so on. The paper also purposely suggestsimprovements for a perfection of F bank’s internal control and a high level of internalcontrol management to guarantee its healthy, steady and sustainable development.