Research On The Internal Financial Control

Recently, with the government has promulgated various internal financial control regulations for universities, which means the government wish to clear the requirement and refine the details of those regulations. In the market economy, it is more and more important to set up internal audit system for improving internal financial control. However, universities still have all kinds of problems, such as: lack of university internal financial control, lack of effective monitoring of research funding, continuing increasing unpaid students debt and the risk of bank loans etc. therefore, universities need establish a useful financial internal control system in order to ensure the daily operation.First of all, due to the current condition of universities still not have a complete internal financial control system, this essay discuss the method of universities internal financial control, thus, discuss the importance and necessary of set up this financial control system.in additional, analysis the financial department structure and financial internal control issue of X university. Finally, based on the COSO report, design the object and key factors of university internal financial control. For example:fund control, price control, research funding control and debt risk control. According to the university’s annual revenue and cost make example to describe the problem of issue and further analysis what kind of difference would be if university set up internal financial control.The main issue of this essay are:analysis the current situation of university internal financial control, based on the weakness of current system, redesign its internal business structure and make deeper method research and improve the content of university internal financial control. University internal financial Control not only just in theories meaning, but also is significant important in its real operation. Universities should realize the importance of internal financial control. By improving the financial management and decrease the financial risk, in order to enhancing the economic and social benefits of Higher Education and competition as well...