Design of Risk Prevention and Control System of Budget Management in Colleges and Universities Based on Internal Control Framework

With the rapid development of higher education and diversified funding sources, university budget management has become increasingly crucial in resource allocation and strategic implementation, while also facing more complex risk challenges. Based on the COSO internal control integration framework and considering the public welfare and complexity of university budget management, establishing a scientific and efficient risk prevention system has become a key task in financial management. This paper first analyzes the practical significance of risk prevention in university budget management. It then focuses on the entire process of budget preparation, execution, and supervision to identify current risk points and internal control deficiencies. Finally, it proposes specific design approaches for a university budget management risk prevention system from five dimensions: control environment, risk assessment, control activities, information and communication, and supervision evaluation. These insights provide theoretical support and practical references for universities to enhance budget management capabilities and mitigate financial risks.