Research on Pathways to Enhancing the Effectiveness of Internal Control in Universities from the Perspective of Financial and Accounting Supervision

Limin Cheng

doi:10.6981/FEM.202607_7(7).0010

Authors

Limin Cheng School of Economics and Management, Shanghai University of Political Science and Law, Shanghai 201701, China

DOI:

https://doi.org/10.6981/FEM.202607_7(7).0010

Keywords:

Financial and Accounting Supervision; Higher Education Institutions; Internal Control; Risk Prevention and Control; Information Technology Development.

Abstract

Amid the national efforts to establish a robust financial and accounting supervision system and deepen comprehensive reforms in education, internal control serves as a pivotal mechanism for universities to standardize economic activities, mitigate financial risks, and enhance governance capabilities. Its effectiveness directly impacts institutional operations and long-term development. Currently, Chinese universities face challenges in implementing internal controls, including inadequate supervisory environments, incomplete regulatory frameworks, insufficient risk management capacities, poor coordination among oversight bodies, and underdeveloped digital infrastructure-all of which hinder optimal control efficacy. This study examines the intrinsic relationship between financial accounting supervision and university internal control systems, considering institutions' characteristics as non-profit organizations with diversified funding sources and complex operational structures. It systematically identifies practical issues in current internal control practices and proposes actionable solutions-including optimizing supervisory environments, refining regulatory frameworks, strengthening risk assessment, enhancing collaborative oversight, advancing digital transformation, and cultivating specialized talent teams-to improve control effectiveness. These recommendations aim to provide theoretical foundations and practical guidance for universities in establishing robust internal control systems, complying with accounting supervision requirements, and achieving modernized governance capabilities.

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