Construction Of College’s Internal Control Based On Accountability Mechanisms

With the development of China’s socialist market economy and the deepening of reform of higher education, institutions of higher education in our country are facing a good opportunity for development, but also face severe challenges:Some colleges and universities emerged capital management issues and risks in the development and construction of the campus, and colleges’economic criminal cases often occur. With the background of college enrollment and funding channels diverse, colleges’imperfect internal control system will directly affect the normal university teaching, research and daily work order to carry out. These causes a series of problems have caused widespread concern in the education sector. Therefore, establish and improve the colleges’internal control system has great significance to strengthen the governance structure and achieve the development goals of colleges.Currently many scholars at home and abroad carry out extensive research at enterprise’s internal control issues based on different angles and establish a relatively complete theoretical system. Regardless of the theoretical circles or practitioners, the researches about college’s internal control relatively few. Accountability mechanisms as an internal control activity can effectively guarantee the launch and implementation of the internal control system. The accountability mechanisms implemented in the internal control construction in colleges can effectively improve the efficiency of internal control.This paper analyzes the actual situation and the current status of the construction of internal control in Chinese colleges combined with practical experience of foreign colleges’internal control and internal control of the company. This paper carries out theoretical analysis of the relationship between accountability mechanisms and internal control, using COSO internal control framework to build colleges’internal control system and choose S college as an example, make institutional recommendations combined accountability mechanisms about aspects of colleges’internal control need to be strengthened. Colleges should make internal management accountability mechanisms become an effective tool for colleges and universities in order to better enhance the teaching, research and the overall management of universities. It also can optimize the allocation of resources; promote the deepening of reform of higher education and the healthy development of colleges.