The Study On Audit Early Warning Mechanism Of University Financial Risk

China began to carry out large-scale expansion of colleges and Universities since1999, Higher education come into the fast lane of development. By the end of2011,the number of colleges and universities in China reached2409, including1129undergraduate colleges and1280colleges.With the development of economy, Higher education has entered an important period. The development of the market economy also intensifies the competition of education industry, Because of the independent fundraising, financial risk is very common in private colleges and universities. Due to the presence of some large or small problems in financial management, resulting in colleges and universities financial risk, and may even lead to some universities from collapse. In2007, the official website of Jilin University hang out a notice called "collection advices of solving Financial distress",the serious financial crisis of Jilin University has been put into public,the message used to create a great sensation.Colleges and universities will cause the school financial crisis if its own financial management is not in place.From the view of current situation of financial risk management of Chinese university, the Chinese Research on the corresponding mechanism to prevent the universities financial risk is not mature enough. With the financial risk becomes more and more serious,how to understand the risk correctly, establish an effective risk prevention mechanism is an urgent topic. As the managers or owners of school, they have the obligation and responsibility to manage the school and grow it. Sponsors and investors of private universities should build their own school financial risk prevention and early warning mechanism from the microscopic point of view, from the perspective of internal auditing actively.It has an important theoretical and practical significance to establish and perfect the financial risk audit early warning mechanism for private colleges and universities.Based on the reference of enterprise financial risk prevention and early warning mechanism, through the analysis of colleges and universities financial risk conduction mechanism and specific financial risk types, the necessity and feasibility of the construction of colleges and universities financial risk audit,early warning mechanism was put forward.Finally, take the Anhui province college A as an example, using software MATLAB by using the analytic hierarchy process and efficacy coefficient method to build early warning mechanism analyses. Finally, the safeguard measures of the mechanism was put forward from three aspects.Any financial risk early warning auditing mechanism is not perfect. The early warning mode proposed in this paper also has many limitations and shortcomings. Hope it will be strengthened and improved in the future research, to make the audit mechanism a greater role in preventing financial risk of colleges and universities.