Title :
Research on enterprise risk control information system: The case of CIC
Author_Institution :
Sch. of Int. Trade, Dongbei Univ. of Finance & Econ., Dalian, China
Abstract :
With the rapid development of economic globalization and investment diversification, enterprises are facing an increasingly complex international operation environment. When gradually expand the scale of investment, at the same time, enterprises have to bear more risk during operation. In this paper, we constructed an enterprise risk control model based on the COSO framework with the case of CIC. Furthermore, with the application of information technology, we established the enterprise risk control information system. With the help of a comprehensive enterprise risk control information system, CIC could reduce risk and loss suffered by foreign exchange assets diversification due to inadequate control, and finally reach the purpose that obtain higher risk-adjusted return on long-term investment.
Keywords :
financial data processing; foreign exchange trading; globalisation; investment; risk management; CIC; COSO framework; China Investment Corporation; complex international operation environment; comprehensive enterprise risk control information system; economic globalization; enterprise risk control information system; foreign exchange assets diversification; information technology; investment diversification; risk reduction; Control systems; Guidelines; Information systems; Investments; Object recognition; Risk management; CIC; enterprise risk control; information system;
Conference_Titel :
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location :
Deng Leng
Print_ISBN :
978-1-4577-0535-9
DOI :
10.1109/AIMSEC.2011.6010527