Research On Internal Control For P2P Lending Platform Of H Corporation

With the development of Internet information technology and Internet finance,P2 P platform popular in the country,to fill the shortage of China's financial market coverage.In the industry behind the prosperity and development,but also highlights a certain industry crisis,exposed the P2 P industry is not standardized business status quo.According to the net loan home data show that as of January 2017 China's P2 P platform accumulated 5888,the problem platform accumulated 3452(99% for private enterprises),the normal operating platform for 2436,of which private P2 P platform has become a problem disaster area.H Fortune Company(hereinafter referred to as H wealth platform)is a May 13,2011 set up a private P2 P platform,in August 2012 formally on-line operation.Once won the 2015 China Financial annual influence brand list,access to "China's most development potential of financial enterprises," "China's best financial services," the two awards.But there are still many deficiencies behind the honor: the blind pursuit of performance led to false projects on-line sales,the transition depends on the relevant party led to lax audit,the illegal establishment of the pool of funds,the end of 2015 store bursts of collective run events,according to H wealth platform legal services Data show that as of January 2016 cumulative legal disputes since 1987.These numbers and events are worthy of our thought,and there are many reasons for these phenomena,but the lack of internal control is one of the most important factors that lead to the problem.Based on the idea of internal control as a whole,this paper systematically summarizes the current situation of the internal control of the platform by using the way of visiting H wealth platform,and finds that the platform exists: lack of internal control consciousness,imperfect risk management mechanism and process,Information communication is not smooth,the internal supervision mechanism is not perfect and so on.In view of the above problems,the author puts forward some measures to enhance the internal control consciousness,perfect the risk response measures,optimize the capital circulation process,perfect the information disclosure and establish the internal supervision mechanism.Through the above research on the internal control of H wealth platform,it is found that the internal control system can effectively increase the ability of the platform to resist risks,avoid some high-risk events,be able to effectively share the risk,and maximize the control in the platform acceptable range,So the P2 P platform to strengthen the construction of internal control is very necessary.Second,the internal control of the platform is a systematic project,not a department's responsibilities,nor is it a grasp of a link,it has continuity.Once a part of the implementation of ineffective,may lead to the previous work come to naught,or the back of the work can not be implemented.Once again affect the P2 P industry internal control mechanism can effectively implement the key factors,in addition to the full participation of the company,the role of external supervision can not be ignored.