Research On The Financial Supervision Mechanism Of Non-Profit Organizations

All-round social development is inseparable from non-profit organization, non-profit organization's sustainable development is inseparable from effective financial supervision. In recent years, behind the boom of non-profit organization, there are serious management and financial issues, the organization's non-profit nature is constantly being alienated, these problems are seriously restricting the standardization of non-profit organization's operating. How to strengthen non-profit organization's financial supervision is a worthy subject of study. At present, non-profit organization's financial supervision of China has not yet attracted enough attention, supervision and regulations are incomplete, intergovernmental bodies, the division of responsibilities is not clear, the motivation of community supervision to the non-profit organization is not enough, "internal control" and other phenomena have lead to internal supervision exists in namely, so it has to establish a corresponding mechanism to meet the financial supervision requirements of internal and external stakeholders on the non-profit organizations. In this paper, on the basic practical considerations of financial supervision of the non-profit organizations, we try to build a financial supervision mechanism in line with China's national conditions and the institutional context, and to provide a new way of thinking for the sustainable development of China's non-profit organization.The paper first use public property rights theory, stakeholder theory, principal-agent theory, externality theory and supervision of economic theory as a theoretical basis on non-profit organization's financial supervisory mechanism, and then conduct in-depth study of the non-profit organization from the financial supervision, object and institutional arrangements under the supervision of relationship. In this way, we can establish a framework for the financial monitoring mechanisms, including the non-profit organization's financial government supervision, social supervision and internal supervision mechanism. Through setting up supervisory authority of national administrative body, disclosing the financial information, strengthening internal and external audit supervision, improving the internal governance structure and strengthening the incentives of Organization's human resources, we can provide a certain amount of theoretical and practical exploration for the financial supervision of non-profit organizations.