The Research On Internal Control Of Private College H In Xiamen

In recent years,with the support of national policies,the private higher education has become an important part of higher education in China.Especially in Fujian Province,the private colleges have developed rapidly and made great achievements.In this paper,take private college H in Xiamen as an example to analyze.Private college H in Xiamen has listed the top three of the most development potential private universities in Fujian province.And it as a representative in most private universities.The school was run for more than nine years,and it has carried out a series of forward-looking transformation and standardization of management and administration in the forefront of private universities in Fujian Province through the implementation of the academy system,the promotion of liberal arts education,the establishment of the best quality year and the establishment of a private education group.However,there is a lack of systematic attention to internal control in the rapidly changes.After several decades of development,the theory of internal control has been perfected.In particular,the COSO has released a new framework of internal control in 2013.This framework is consistent with the needs of private university and rapid transformation and development.Based on the 2013 COSO internal control system,this paper analyzes the internal control of private college H in Xiamen from the five elements of control environment,risk assessment,control activities,information and communication,and monitoring activities.The private college is lack of risk management awareness,risk warning mechanism and consideration of fraud factors.Besides,its risk response is too passive.The control activities including the arbitrary budget formulation and implementation,difficult separation of incompatible posts and obvious characteristics of concentration of power from the authorization and approval have not yet reached the purpose of effective control.The information process is slow,and the internal and external information communication is not perfect.The monitoring activities are relatively weak,and the operation of internal control is not evaluated.With the enrollment expansion of colleges and universities,the shortage of educational resources and the complicated and diversified of international development,private universities will be confronted with a greater pressure in competition.Efficient internal control helps private universities to improve management efficiency,avoid risks and ensure the realization of strategic goals.Based on the 2013 version of internal control framework,this paper puts forward five measures to improve the internal control of private college H in Xiamen.In the aspect of control environment,we should pay attention to the application of modern governance structure,introduce the concept of "three lines of defense" and establish an organizational structure based on internal control.In terms of risk assessment,we should strengthen the concept of risk management,establish a risk identification mechanism,and dynamically monitor the risk.In control activities,define basic control ideas,give full play to the budget and assessment functions,and focus on the control of property and capital assets such as fixed assets.And we should accelerate the construction of information,improve the audit department functions,and establish monitoring system.