Research On The Improvement Of Financial Internal Control System Of SL University

Financial internal control plays a central role in the internal control system of colleges and universities ancd is one of the important goals of internal control in colleges and universities.Strong control environment,sotund risk identification and evaluation system,standardized economic and busiiness control process,unblocked information andcommunication channels,and good supervision and security measures constitute the internal financial control system of colleges and universities.Nowadays,with the increase of enrollment,the expansion of the scale of universities,the construction of pilot colleges,the opening of new campuses and a series of frequent economic activities,colleges and universities have presented various financial crises and the loss of assets.How to improve and effectively implement the internal financial control system of colleges and universities is an urgent problelm for SL college financial internal builders to study.Based on COSO internal control framework,this paper studies the improvement of SL College's financial internal control system from five elements.Firstly,by using the methods of questionnaire survey and field survey,we conducted in-depth interviews and questionnaires to key staffs in relevant departments of SL College.Through collecting relevant information,we analyzed the current situation of financial internal control in SL College in detail.T he results of investigation and analysis show that there is unreasonable financial organization structure in financial internal control of SL College,and the risk identification and evaluation of financial internal control business are not available.There are six problems:non-standard budget business process,non-standard revenue business process,non-standard expenditure business process and non-standard physical assets business process.Secondly,according to the requirements of relevant internal control norms of administrative institutions,the organizational structure of financial internal control in SL College has been improved and designed,the responsibilities and authority of key posts have been separated,and departments and financial personnel have been increased acc.ordingly.Thirdly,the key risk factors of financial internal control in SL College are identified by applying the system evaluation theory,and a risk assessment model is established.On the basis of risk occurrence probability and risk hazard assessment,the risk factors of financial internal control are evaluated and ranked comprehensively.Then,from the perspective of evading key risk factors and adopting process reengineering method,the firnancial budget business process,revenue business process,expenditure business process and material industry business process of SL College are improved and designed.Finally,in order to ensure the effective operatiorn of SL Colllege's financial internal control system,four specific implementation suggestions are put forward:attaching importance to the linking of financial internal control eff ectiveness with annual performance appraisal,improving the quality of financial internal control personnel,establishing a high-quality team,improving the financial internal control information system,improving work efficiency,and introducing third-party evaluation to improve the fairness of financial interaal control.