What are the main elements of a good internal control over monetary funds

A sound internal control framework system should include five parts: 1. Internal control part, including: (1) Governance structure (2) Organization setup and distribution of rights and responsibilities (3) Internal audit (4) Human resources policy (5) Corporate culture 2. Risk assessment part, including:

Risk identification, analysis and response. 3. The part of the control activities, including: (1) Personnel 1

Segregation of duties control 2Authorization Approval Control 3Human Resources Control (2) Special Project 1

Property Protection Control 2Accounting System Control 3Information Technology Controls (iii) Operations 1

Process Control 2Budget Control 3Operational Analysis and Control (4) Emergency Emergency Handling Mechanism 4. Information and communication part, including:

1) Information collection and transmission path (2) Information carrier control (3) Information review, feedback and processing 5. Internal supervision part, including: (1) Supervision and inspection of the establishment and implementation of internal control (2) Evaluation of whether internal control is sound, reasonable and effective (3) Report defects, take measures to deal with them, and pursue responsibility.

Answers]: a, b, c, d

Generally speaking, a good internal control of monetary funds should achieve the following points: (1) Separation of monetary funds revenue and expenditure from bookkeeping. (2) There must be reasonable and legal evidence for the income and expenditure of monetary funds.

3) All income and expenditure shall be recorded in a timely and accurate manner, and the expenditure shall be subject to approval procedures. (4) Control cash sitting and expenditure, and send the cash to the bank in a timely manner when the income is collected. (5) Count cash on a monthly basis and prepare a bank deposit balance reconciliation statement to ensure that the accounts are consistent with the facts.

6) Strengthen the audit of the internal Bizi cover of the monetary fund revenue and expenditure business.

The internal control of monetary funds refers to the management and monitoring of cash and its equivalents by the organization to ensure its legal, standardized and effective use. Its main contents include:1

Cash collection and payment management: Ensure the safe custody and accurate calculation of cash, establish strict collection and payment processes and authorization mechanisms, and limit the use and contact of cash to prevent theft and error. 2.

Cash flow management: Establish cash flow ** and monitoring mechanism, rationally plan and use cash, avoid shortage or surplus of funds, and ensure the liquidity and stability of funds. 3.

Cash account management: Establish a sound cash account system, including procedures for account opening, account cancellation, filing and authorization, etc., to ensure the security and accuracy of the account, and prevent false transactions and misappropriation of cash. 4.

Financial Records and Reporting: Establish a sound financial recording and reporting system, accurately record cash receipts and expenditures and balance changes, generate financial statements in a timely manner, and provide accurate and reliable financial information for internal management and external audit. 5.

Risk control and audit: Establish risk assessment and control mechanisms, including internal verification and external audit of cash, to ensure the compliance and effectiveness of cash operations and prevent fraud and irregularities. 6.

Internal control assessment and improvement: Conduct regular internal control evaluation, identify problems and deficiencies, and take timely improvement measures to improve the effectiveness and reliability of internal control.