A Study on Internal Control and Risk Prevention in Public Institutions under the Revised Accounting Law of the People’s Republic of China

Jingyi Li

doi:10.62177/apemr.v3i4.1576

Authors

Jingyi Li Xi’an Polytechnic University

DOI:

https://doi.org/10.62177/apemr.v3i4.1576

Keywords:

The Revised Accounting Law, Public Institutions, Internal Control, Risk Prevention, Optimisation Pathways

Abstract

The revised Accounting Law has set out new requirements for internal control and risk prevention in public institutions, such as the elevation of the legal status of internal control, the strengthening of collaborative supervision, increased legal liabilities, the promotion of accounting informatisation, and the institutionalisation of evaluation mechanisms. As of early 2026 (more than a year after the implementation of the revised Accounting Law), some public institutions still face issues such as a lack of awareness regarding internal control, non-standardised budget management, inadequate risk control in key areas, and insufficient internal supervision and IT support.In light of this, an internal control system compliant with the requirements of the revised Accounting Law should be established by strengthening staff awareness of internal control responsibilities, consolidating budget preparation and execution management, focusing on risk prevention and control in key areas, and improving supervision, evaluation and information support. This research holds practical significance for enhancing the governance capabilities of public institutions and ensuring the safe and efficient operation of public funds.

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References

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