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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Problems and Countermeasures of Financial Internal Control in Financial Companies

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DOI: 10.25236/iwass.2021.027

Author(s)

Xinyu Ouyang

Corresponding Author

Xinyu Ouyang

Abstract

The financial industry is important in China’s economic development, and the development of financial companies has greatly promoted the rapid development of social economy. In recent years, financial companies have developed rapidly. The number and scale of the companies have increased to a certain extent. With the increasingly fierce market competition, financial companies are facing more and more risks and problems. Among them, financial problems are more prominent. Only by strengthening financial internal control can financial enterprises improve their risk defense ability. This paper expounds the important role of financial internal control of financial companies, analyzes the problems existing in the current financial internal control, and puts forward effective countermeasures for these problems.

Keywords

Financial company, Financial management, Internal control, Problems, Countermeasure