Internal Control Of University Research Funds

Increasing importance has been attached to scientific research in universities in the recent years.As highly centralized organizations of science,technology and knowledge,universities play an important role in academic research.With the increase of funding quota and sources of projects,however,monitoring and controlling scientific research expenses in colleges and universities has become a challenge;acts of fraud in reimbursement are not uncommon in scientific research activities.It costs the national budget,affects the research integrity,and hinders the continuous,healthy development of scientific research,which is probably due to the sub-optimal internal control system.Therefore it is very important to use the internal control theory to guarantee the standard and efficient implementation of research fund monitoring so as to ensure the quality of scientific research projects.This article analyzes the causes of internal control failure and suggests possible solutions based on the five elements of the COSO framework.This study could enrich the theoretical research in this field by providing a good theoretical basis for the internal control system to establish a successful internal control system in universities.