Research on the Internal Control of Commercial Banks Based on Five Elements of COSO—Take Shanghai Pudong Development Bank as an Example

Abstract

With the rapid development of economy, the business volume of China’s commercial banks is increasing day by day. At the same time, the internal control problems of commercial banks have also been highlighted in the frequent violations of commercial banks in recent years, and many commercial banks have been punished successively. In order to continuously improve the internal control level of China’s commercial banks and reduce the incidence of banking violations, this paper analyzes the internal control of Shanghai Pudong Development Bank (SPDB) based on the five elements of COSO internal control framework, and explores some problems existing in the internal control of China’s commercial banks, and analyzes the internal control of commercial banks from different aspects. Targeted measures and suggestions for the control system are also put forward.