Project for the Finance Audit of Private Universities and Colleges
- Update Date：
- Source：Higher Education Evaluation and Accreditation Council of Taiwan
Document Review and On-site Visit of Ministry of Education Subsidized Institutional Development Fund for Private Universities and Colleges
In order to assist private universities in their overall institutional planning, to balance the educational resources between public and public universities, and to improve the quality and competitiveness of private universities effectively, the Ministry of Education (MOE) has been promoting a system of reviewing and awarding grants to private universities for their mid-term and long-term institutional planning since the academic year of 1990. In the academic year of 1996, MOE integrated the funding that assists institutional planning, enhancing teaching quality, and library and facility into grants and subsidy in order to further strengthen institutional development.
“The Project of the Finance Audit for Overall Institutional Development Fund of Private Universities and Colleges through On-site Visit” has been in operation since 2001. MOE further established “Ministry of Education Subsidy of Institutional Development Fund for Private Universities and Colleges” in 2008. The project aims to assist institutions in planning their institutional development, creating distinctive features, enhancing the quality of teaching and research, and establishing a fair and reasonable system to implement procurement and property management. It also aims to establish a fair and practical system for the implementation of procurement and property management, and to make proper use of funds in order to achieve a well-balanced institutional development.
Since 2015, the Higher Education Evaluation and Accreditation Council of Taiwan (HEEACT) has taken on for “the Project for Finance Audit of Private Universities and Colleges.” Through document reviews and on-site visits, the higher education private universities and colleges are assessed in following five categories:
- Effectiveness of implementation of the grant during the current academic year.
- Responses and improvements based on the document review and on-site visit of the previous academic year.
- Budget planning and allocation of the funds.
- Implementation of Current Accounts.
- Implementation Capital Accounts.
These five items are reviewed to ensure that the MOE grants/funds were spent in accordance with the relevant laws and regulations.
Contact: Mr. Chiang
Phone: +886-2-7755-7100 #505