Study On Optimization Of Internal Control Of XY University Funds

As the new crown epidemic spreads around the world and the global economy is weak,China has given full play to the institutional advantages of the socialist market economy,intensified tax cuts and fee reductions,and reduced pressure on market entities.The contradiction between fiscal revenues and expenditures has become prominent.People and companies actively donate money and materials.Overcome the difficulties.The State Council has put forward a call for "too tight life",and the Ministry of Finance and the Ministry of Education have issued many documents emphasizing that while making good use of fiscal incremental funds,efforts should be made to revitalize the fiscal stock funds and continuously improve the use of fiscal funds.Corruption cases occurred frequently among university leaders.Two university leaders of XY University were sentenced to 11 and 5 years imprisonment respectively for corruption.The misappropriation of educational funds caused a negative impact on the reputation of XY University.Therefore,on the one hand,it is to implement the requirements of higher-level departments to revitalize the stock funds.On the other hand,in order to prevent the recurrence of leadership corruption cases in XY University,XY University urgently needs to conduct research on the optimization of internal control of funds.First of all,based on the current technical level and economic activity environment,this article uses literature research,field research,interviews,and questionnaires to comprehensively evaluate the operating effects of XY University’s internal funding control,and discover the existing problems of XY University’s current funding internal control.The following are:(1)Financial personnel are not sufficiently competent and service attitudes;(2)Business personnel have low risk awareness and poor risk identification capabilities;(3)Offline approvals are low in timeliness,communication channels are few,communication efficiency is low,and financial transparency is poor;(4)The budget is slack,there is no systematic control,and the budget preparation method is backward;(5)Revenue supervision has not formed a closed loop,the accounting process is complicated,and the phenomenon of overdue invoices is serious;(6)The reimbursement is "complicated" and the level of intelligence is low;(7)Faculty and students cannot be effectively supervised;(8)Lack of scientific internal control evaluation.Secondly,in response to the problems found,based on relevant theoretical foundations,and learning from the mature experience of internal control of funds of universities in advanced countries,8 optimization suggestions are put forward::(1)Through the establishment of a regular rotation mechanism for financial personnel,the professional competence and service awareness of financial personnel will be improved,and the procedures for resignation and handover will be standardized.Strengthen the internal control environment of XY University;(2)Through publicizing and implementing corruption non-compliance cases,real-name notification of false violation reimbursements,inviting certified public accountants of accounting firms to conduct regular training for key personnel,strengthen internal control of risk assessment of XY University,and improve Personnel risk awareness and risk identification ability;(3)Fully disclose financial reports,broaden communication channels,strengthen internal control of XY University ’ s information communication,and improve communication efficiency;(4)Launch budget information system,introduce methods such as balanced scorecard performance evaluation,and strengthen XY University budget internal control to curb budget slack;(5)Improve the information transmission efficiency of the departmental management system,improve the income and invoice management rules,integrate the invoicing and income entry process,optimize the internal carry-over process of secondary units,and strengthen the internal revenue of XY University Control;(6)Set up auditing posts,associate expense reimbursement system and budget system,contract system,develop online approval function,launch project outsourcing system,strengthen internal control of XY university expenditure;(7)Carry out fuzzy comprehensive evaluation of internal control every year and establish Internal control optimizes the normalization mechanism,strengthens evaluation and supervision of internal control;(8)Strengthens the role of the faculty representative committee and student representative committee in the governance mechanism,strengthens social supervision,introduces review talents,and each college is equipped with college assistants and sufficient Funds provide guarantee for the smooth implementation of the first 7optimization suggestions.