Exploring the Effective Strategies to Strengthen the Internal Audit of Financial Accounting in Universities

Abstract

Since entering the new era, China's fiscal system has changed. The financial department of colleges and universities should adapt to the trend of the times, adjust the existing financial management system and reconstruct the internal audit mechanism based on the new accounting system, making it adapt to the new institutional environment, correctly evaluating the completion of the budget targets in universities and the use of special funds and predicting the trend of revenue and expenditure. It is to avoid insufficient funds unbalanced revenue and expenditure and other issues affecting the normal operation of universities. The role of supervision and consultation should be played by audit to improve the efficiency of fiscal funds in universities. The main functions of the internal audit of financial accounting in universities have been analyzed. The measures to optimize the internal audit mechanism and strengthen the effect of financial management have been summarized.