Research On Internal Control Construction Status And Improvement Of Main Business Of J State-owned Investment Platform Company

State-owned capital investment platform company is an investment platform company approved by governments at all levels,funded and directly supervised by governments at all levels and SASAC.It undertakes the investment and financing functions of local governments and is an important market-oriented platform for local governments to promote urban development.However,state-owned investment platform limited companies also have many problems such as numerous subsidiaries,excessive diversification and so on,and their risk prevention and control ability needs to be improved urgently.In this context,how to establish and improve the internal control system of state-owned investment platform limited companies and effectively prevent and control their main business risks has become the competent departments at all levels and platform companies themselves must solve the problem.The main research idea of this paper is to firstly carry out theoretical research,mainly using a large number of existing literature research methods,to clarify the definition of state-owned investment platform companies,their main business and management objectives,their differences from general enterprises,as well as the main business risks faced by state-owned investment platform companies and the purpose of internal control.Then the case company in-depth field research,research and analysis of the specific data,the case company’s internal control system was summarized and summarized,and then pointed out the shortcomings of the case company’s internal control,and gave specific countermeasures and suggestions.J Company has established a certain internal control system,but it is not perfect enough.For the financing business,J Company’s financing review management method is not perfect,there is no special approval process for major financing projects,and it still lacks a long-term communication mechanism between the parent company and its subsidiaries.Regarding the investment business,the internal control mechanism of J Company’s investment business is still not perfect,especially when the investment project is faced with major investment risks due to changes in policies,industrial environment and other factors,J Company lacks a specific disposal mechanism with clear rights and responsibilities.A more effective and solid accountability system for illegal operation should be established to strengthen the punishment of the responsible party for illegal investment operation.At the same time,we should perfect the specific investment management system.For project construction business,J Company lacks specific and effective assessment management system of intermediary structure,and lacks supervision over intermediary institutions responsible for audit of project completion settlement.The secondary audit system of project completion settlement and the whole process tracking audit system are still not perfect.Finally,this paper puts forward suggestions on improving the quality and efficiency of the internal control of J Company’s main business.For the financing business,Company J should improve the financing review management methods,set up a financing review team,establish and improve the long-term cooperation mechanism of the financing business between the parent company and its subsidiaries,and the financing management department should designate a financing business specialist for each subsidiary.For the investment business,Company J shall establish an internal control system to prevent the risk of excessive diversification of investment.The subordinate company shall select investment projects based on the main function of the company,and improve the management system in the investment process and the disposal mechanism in the case of poor operation of investment projects.After the occurrence of investment risk,it shall put forward suggestions on project continuation,starting and suspending,terminating or withdrawing.And re-execute the decision process.For project construction business,J Company improves the first audit system and the second audit system of project completion settlement,defines the scope of power and responsibility of the first and second audit,establishes and improves the whole process tracking audit system of project construction business,defines the responsibilities of the risk control audit department and the project management department,and improves the main contents of tracking audit in the early stage,construction and completion stage of the project.