On October 30, the Ministry of Finance issued the Circular on the List of Consulting Experts of the new Internal Control Standards Committee, and Professor Dapeng Tang of School of Accounting was appointed as a consulting expert of the new Internal Control Standards Committee, which is the only candidate in Liaoning Province. The current Internal Control Standards Committee has a total of 80 consulting experts, who are appointed for a two-year term.

It is reported that the main responsibilities of the consulting experts of the Internal Control Standards Committee are: to participate in the plenary sessions and relevant working sessions of the Internal Control Standards Committee and make comments and suggestions on the topics discussed at the sessions; to participate in the seminars on internal control and make comments and suggestions on the topics discussed at the seminars; to make comments and suggestions to the secretariat of the Internal Control Standards Committee on the important issues in the process of establishing, improving, and effectively implementing the system of internal control standards for enterprises and public institutions in China; and to undertake the topics related to internal control and submit high-quality research reports to the Internal Control Standards Committee on schedule, etc.

The establishment of the Internal Control Standards Committee of the Ministry of Finance aims to play the role of a think tank of internal control experts and accelerate the construction of China's internal control standards system. The appointment of Professor Dapeng Tang as the new consulting expert of the Internal Control Standards Committee is another vivid reflection of the efforts of the teachers of School of Accounting to strengthen the transformation of scientific research achievements and fulfill the mission of serving the society. In the future, the School will also give full play to its role as a policy consultant and bridge, providing research achievements and consulting suggestions for the Ministry of Finance and other central departments as well as the Party Committee and the People’s Government of Liaoning Province in their decision-making, so as to practically push forward the continuous enhancement of China's internal control theories, policies and practice levels.

Professor Profile:

Dapeng Tang, Deputy Director of Scientific Research Department of Dongbei University of Finance and Economics, Professor and Doctoral Supervisor of Department of Audit of School of Accounting, Deputy Director of China Internal Control Research Center, has been serving as a consultant expert of Internal Control Standards Committee of the Ministry of Finance, selected as the 6th National Accounting Leading Talent (Academic) of the Ministry of Finance. He has also been serving as a supervisor of China Soong Ching Ling Foundation, an expert of Funds Supervision of the Ministry of Education, an expert of Budget Review of the Ministry of Industry and Information Technology, a financial expert consultant of the Standing Committee of Dalian People's Congress, an communication reviewer of the National Natural Science Foundation of China and the National Social Science Fund of China, and an anonymous reviewer of the journals of Accounting Research, Public Finance Research, etc., and he also has won the Best Paper Award of Accounting Society of China, the Deng Ziji Public Finance and Taxation Academic Paper Award, the honorary title of Outstanding Scholar of Dongbei University of Finance and Economics, and the first prize of Teaching Competition for Young Teachers, and he has presided over more than 10 policy research topics of the National Natural Science Foundation of China, the Ministry of Education Humanities and Social Sciences, China Postdoctoral Science Foundation, and the World Bank’s Project. In recent years, he has published more than 80 papers in authoritative journals such as Pacific-Basin Finance Journal, China Journal of Accounting Research, Accounting Research, Nankai Business Review, Public Finance Research, Auditing Research, etc. He has undertaken dozens of internal control construction, audit evaluation, and training programs for national governmental agencies, public institutions, state-owned enterprises, and listed companies.