Discussion on Transformation and Upgrading of Internal Control in Institutions of Higher Learning in China

Abstract

With the vigorous development of institutions of higher learning in China, more and more corruption is exposed in institutions of higher learning and the transformation and upgrading of internal control in institutions of higher learning becomes more and more important. In the past, the construction of internal control in institutions of higher learning focused on accounting control or financial control and showed some limitations. With the macro- environment of internal control as the background and based on Specification on Internal Control in Administrative Institutions (Trial), this paper analyzes the current situations of several factors like internal environment, information and communication, internal supervision, etc. in institutions of higher learning and puts forward several countermeasures for improvement and optimization. Index Terms - Internal control; internal environment; information and communication; internal supervision In recent years, with the economic development and social progress, institutions of higher learning in China have begun to flourish. However, more and more leaders in institutions of higher learning fall a cropper for corruption, and the corruption in education system becomes even more violent, with enrollment, capital construction, procurement, scientific research fund, school-run enterprises, etc. as the hardest hits of corruption in institutions of higher learning. Since January 1, 2014, institutions of higher learning in China uniformly implemented Specification on Internal Control in Administrative Institutions (Trial) (hereinafter referred to as Basic Specification), which provides a good opportunity and important guarantee for promotion of construction of internal control in institutions of higher learning in China. Therefore, the transformation and upgrading of internal control in institutions of higher learning is a matter of great urgency and it is high time for it.