Research On The Risk Control System Of NX Microfinance Company Based On The Perspective Of COSO

With the rapid development of China's economy,small,medium and micro-sized enterprises have also achieved substantial development,and gradually become the backbone of China's economic development,creating many employment opportunities and alleviating the employment pressure in cities and towns.However,we also see that although smes have created great economic value for China's economic development,their lack of funds,difficulty in financing and even lack of access to financing in their development and operation have become the biggest trouble for them,severely restricting their development and even affecting their survival.In order to solve the problem of insufficient funds for the development of small and micro-sized enterprises,the China banking regulatory commission and the people's bank of China jointly issued the guidance on the pilot project of small loan companies,which have grown rapidly in the following years.However,there is also a hidden crisis behind the rapid prosperity.With the rapid development of small loan companies,the management level,especially the risk control,has not kept pace with the development of the companies,which has caused many small loan companies to appear more non-performing or even operating difficulties.This paper takes NX micro-loan company as an example to study the problems existing in the risk control system of micro-loan companies and propose targeted solutions to improve the risk control system of NX micro-loan companies so as to avoid increasingly severe risks and promote the sustainable and healthy development of enterprises.The content of this article mainly consists of six parts,which are as follows:The first part first elaborates the environment and background of the establishment of small-sum loan companies,then introduces the application value of this study to the small-sum loan industry,and finally elaborates the author's research ideas and methods.The second part is related theory overview.Related theories such as COSO,small loan company and risk control were elaborated and summarized on this basis,laying a solid theoretical foundation for the subsequent case study.The third part analyzes the risk control status and existing problems of NX micro loan company.First introduces NX micro-credit company's basic situation,the organization structure,and then based on the actual status of the company business processes and risk management in-depth analysis,points out that the NX microfinance company risk control in risk governance structure and risk management system,business process,risk reporting mechanisms exist deficiencies.The fourth part,aiming at the problems in risk management of NX small loan company,proposes the improvement plan.Through measures such as perfecting the risk governance structure and policy system,strengthening the process control,establishing the risk reporting system and the risk performance evaluation system,establishing the comprehensive risk control system,thus achieving the goal of risk avoidance.The fifth part discusses the safeguard measures of NX small loan company's risk control system.The sixth part is the summary and outlook.Firstly,the paper is summarized and the next research direction is discussed.