Study On Internal Accounting Control Of Colleges And Universities Of China

Internal accounting control system of colleges and universities is an open monitoring system with self-adjusting function built up in view of the university value movement and carried out commonly by all the staff, to ensure the orderly activities of educational career, to protect the security and completion of assets, to improve the authenticity and accuracy of accounting information and efficiency of the fund so as to implement the state law and regulations , and furthermore to realize the established long-term goal. In our country, the imperfect internal accounting control system causes the improper use of scientific & research fund, loss of state property, even the illegal personnel's embezzlement and corruption etc. The key question of its construction is how to build up a scientific, strict, flexible and effective system. Analysis of current situation shows that weak awareness and lack of attention of internal accounting control makes the system a mere formality and can not play the role. Thus, this thesis studies the existing problems of internal accounting control system in order to set up a theoretic framework and practical mode which is in line with the characteristics of colleges and universities, to ensure a high quality of accounting work and boost the development of educational cause.Referring to the research results and practical experience of internal control theory at home and abroad, and based on cybernetics, information theory, system theory and entrusted economic responsibilities, this thesis puts forward the idea of constructing internal accounting control system in colleges and universities. Firstly, it analyses the current situation and existing problems, emphasizing the necessity of enhancing and perfecting internal accounting control. Next, on base of the research results of enterprise risk management framework promulgated by COSO Committee, embarking upon the characteristics of university economic activities, it sets up an internal accounting control framework and builds up an internal accounting control system, by controlling environment for foundation, by control recycling system for core, by supervision and appraisal for protection, and also by information system for contact. Then, under the direction of the framework, the above-mentioned system carries out control practice design to some comparatively weaker aspects such as foreign investment, engineering projects and physical assets. Finally, the essay presents the system limitation in the application of internal accounting control like abuse of power by the supervisors, deliberate corruption, collusive cheating and so on. In addition, its implement is restricted by the quality of personnel, control costs and exceptional items. Thus, some issues draw attention.