A Case Study Of Commercial Bank Bill Fraud From The Perspective Of Internal Control

In recent years,the bill market has continued to grow and develop,and the bill business has become a new kinetic energy for commercial banks' profit growth.Therefore,commercial banks should control and control the risk of the bill business and promote the development of the bill business.However,as China's economy entered a new normal,the risk of bill business was frequent.In 2018,the Wuwei branch of the Postal Savings Bank broke out the bill business risk case,involving a total amount of 7.9 billion yuan,which shocked the country.Although China's financial industry has entered a strict regulatory era,the bill business risk cases still show frequent and sudden characteristics.Therefore,we must think about whether the commercial bank's bill business wind control and the bank's own internal control system are effective.For a long time,the risk of bill business is relatively low.Therefore,commercial banks have not paid much attention to the risk of bill business and simplified the operation process of bill business,which directly increases the risk of bill business.In 2018,the amount of bill fraud in the Wuwei Branch of the Postal Savings Bank was huge,which caused great negative impacts.It exposed the defects of the internal control of the Wuwei Branch of the Postal Savings Bank,such as the lagging internal environment construction,the backward risk assessment mechanism,and the internal control post defense.It is like a virtual and information communication channel is not smooth.The internal control risks involved in the case exposed the problems and shortcomings in the internal control of commercial bank bill business.Therefore,this paper selects the bill fraud case of the Postal Savings Bank as the research object,which has certain representativeness.First of all,this paper starts from the internal control theory of commercial banks and introduces the internal control of commercial banks as a series of institutional measures implemented by banks to achieve business objectives and control risks,and achieve the purpose of promoting the healthy development of commercial banks and compliance management.Secondly,starting from the five elements of internal control environment,risk assessment,control activities,information exchange and internal supervision,the paper introduces the role of internal control elements in internal control and detailed the relationship between internal control elements.Explain,it also describes the characteristics of the internal control of commercial bank bill business.Then,a review of the bill fraud case of the Wuwei Branch of the Postal Savings Bank was carried out,detailing the process of the bill fraud case and the problems exposed.At the same time,it also analyzes the internal control status of the Wuwei branch of the Postal Savings Bank from the five elements of internal control.The fourth chapter,from the perspective of internal control: internal environment,risk assessment,control activities,information exchange and internal supervision,the paper analyzes the causes of the bill fraud case of the Wuwei Branch of the Postal Savings Bank,and concludes that the bill fraud case occurred in the Postal Savings Bank.Reasons such as the lag in internal environment construction,failure of risk identification assessment,poor implementation of internal controls,and inadequate internal supervision.The fifth chapter puts forward the countermeasures to optimize the internal control of the Postal Savings Bank: First,create a good internal control environment,optimize the bank's organizational structure,pay attention to corporate culture construction and staff training.Second,improve the bank's risk assessment mechanism,assess the risk of the bill business scientifically,reasonably,prudently operate,and regulate inter-bank business.Third,strictly implement the internal control system.On the one hand,improve the banking bill business operation system,on the other hand,enhance the internal control defense line execution.Fourth,unblock the information channels of the department.Fifth,strengthen internal supervision,improve the internal self-examination mechanism,implement the rotation system for important posts,and improve the internal supervision system.This paper takes the bill fraud of the Wuwei Branch of the Postal Savings Bank,which is involved in a large amount of money,as the research object,and analyzes the internal control of the internal control environment,risk assessment,control activities,information communication and internal supervision.The problems existing in the internal control of the branch,and corresponding countermeasures to optimize the internal control,in order to provide a reference for the further improvement of the internal control of commercial bank bill business and enhance the internal control execution.