Discussion On Internal Control Of Everbright Securities

With the increasing standardization of the securities market,securities companies,as the main body of the securities market,face a variety of risks.Therefore,the research on the internal control system of the securities company is conducive to the stable development of the securities company.Under this background,this paper selects the object of study is the Everbright Securities of the internal control system in order to Oolong means event as the breakthrough point,using the method of combination of theoretical analysis and typical case analysis of Everbright Securities and internal control problems and reasons existing in the system,then to the present perfect Everbright Securities internal control system the countermeasure suggestion.According to this thinking.In this paper,we first introduce the theoretical basis of internal control system theory,motivation theory,double principal agent theory,comprehensive risk management theory,provides a brief overview of the internal control of securities companies the meaning,objectives,characteristics and elements of.According to the characteristics of the internal control of securities companies,and combined with the five elements of internal control: control environment,risk identification and assessment,control activities,information and communication,and supervision,find out the existing in the internal control of securities company's risk and deal with the risk control measures.These concepts and theories are described,which lay the theoretical and practical basis for the analysis of the internal control of Everbright Securities and the corresponding countermeasures from the perspective of "Oolong".In this paper,after a brief introduction of Everbright Securities and internal control status and "Oolong" events occurred after,in-depth analysis of the questions of its internal control system existence and the reasons of problems,including weak internal control environment,internal control environment should be optimized;risk control there are loopholes in the system,failure risk evaluation;internal control activities is difficult to adapt to the needs of business development,lag of information transfer;internal supervision function failure.Because of the different industry of securities companies,the business nature of the business is different,the risk of the securities company is different,and the control process is also different.Finally,according to the problems and reasons mentioned above,this paper puts forward some suggestions to improve the internal control system of Everbright Securities from the point of view of the five factors of internal control of securities companies.Including rights clear the board of supervisors and managers of the responsibilities,give full play to the role of independent directors,to strengthen staff post setting and authority management;perfecting the risk control system,key management of compliance risk and liquidity risk,pay attention to separate the strategic investment department's responsibility,to control the quantity of self equity the securities and securities derivatives;implement the four risk management organization structure,reasonable design strategy of the trading system,pay attention to monitoring system with net capital as the core of the implementation of dynamic monitoring and early warning of internal control activities;the formulation and implementation of management information systems,information systems focus on the various departments and updates,timely disclosure of investment information related to the transaction;implement the four internal supervision system,increase the risk management department and the legal compliance department of morality Education,the establishment of scientific and effective internal control evaluation mechanism.In this paper,we hope to give some inspiration to the construction of the internal control system of securities companies.