The Research Of HCBM Company Internal Control Problem Of Monetary Fund

Monetary fund is an important part of the corporate assets. And it is the most liquidand the highest control risk asset. The risk of monetary fund is mainly concentrated in thelegitimacy, security, stability and efficiency of the assets, and these are usually the weaklink in enterprise management. In recent years, the company’s internal control has beenthe focus of the study in theory and practice. Every production and business activities ofthe enterprise need the support of monetary funds. Strengthen internal control caneffectively reduce the possibility of fraud, and can enable enterprise to get the mostbenefit from monetary fund.The HCBM automobile company that this paper studies on is a Sino-foreign jointventure company limited. The volume of monetary fund business is very huge daily insuch a large-scale joint venture, which requires the company to carry out the internalcontrol of monetary fund strictly. This author of paper utilizes observational method,comparative analysis method, literature method and combines with the situation ofenterprises in order to find a way of improving the internal control of monetary fund ofthe HCBM Company and strengthening the monetary fund management.The author analyzes the problems of the internal control of monetary fund fromthree aspects. The internal control problems of bank deposits are very much, especially inrespect of effectiveness and bank allocation rules. The notes receivable specialist has abig work pressure and cannot completely control the daily discounting process elements.In addition, the company’s discount rules are imperfect. The company does not payenough attention to the situation of maintaining and increasing the value of the foreignexchange.According to the problems of internal control of monetary fund, the handlers ofHCBM Company should develop and improve the bank rating process, the managementprocess of the remaining funds, bank acceptances discount flow and foreign exchangemanagement processes. Hope these countermeasures can help with companies whichhave similar problems to perfect the internal control of monetary fund system bystudying on the HCBM Company.