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Does a futures company need to set up an internal audit department?
Need to set up an internal audit department. If the futures company does not have an internal audit department, it may lead to the following problems:

According to the Regulation on Supervision and Administration of Futures Companies, futures companies should set up internal audit institutions to carry out internal audit work, supervise and inspect the business and financial status of futures companies, and report the audit results to the board of directors and the board of supervisors. The establishment of internal audit department is helpful to improve the risk management and internal control level of futures companies, ensure the company's compliance operation and protect the interests of customers.

If the futures company does not have an internal audit department, it may lead to the following problems: (1) the risk control ability decreases; The level of internal management has declined; Does not meet the regulatory requirements; Impact on the company's reputation: the lack of internal audit department may lead to damage to the company's reputation. Therefore, futures companies should establish internal audit departments, strengthen internal control and risk management, and improve management level and competitiveness.