Research on Strategies for the Intelligent Transformation of Enterprise Finance from the Perspective of Internal Control

Abstract

The intelligent transformation of finance based on data, algorithms, and platforms will lead to changes in the generation, flow and use of financial information which causes problems in internal control such as changes in control location, deviations in automated judgment, and division of human-machine responsibilities. From the perspective of internal control this paper discusses technology application and organizational adjustment, functional changes in control elements, and the coordination relationship between control and technology; identifies control gaps in process automation, control failure in data centralization and automated judgment, and responsibility-division risks in human-machine operations; then proposes intelligent financial governance arrangements in the control environment, embedding controls in risk assessment and information communication, and feedback and capability-update strategies in monitoring and evaluation. It aims at explaining that internal control should be coordinated with the intelligent transformation of finance and provide a solution for control requirements enter system configuration and system operation support control execution.