Financial Technology Fund Performance Audit Study

The science and technology funds of the public finance is directly and indirectly budget used for the activity of science and technology through public finance budget and related science and technology revenue from tax policy by the country, mainly used for public science activity such as the foundation research, front technological research, social public welfare research in which resources can not be allocated effectively by market mechanism. Science and technology devotion is seen as the most important strategic investment by numerous nations. The efficiency and effect of science and technology budget devotion has an important function to the realization of the strategic target for the national development. In the recent years, the central public finance is used for technological devotion increases year by year. The result and influence on economical and social development of the public finance funds in science and technology gradually turn into the topic people concerned.Performance auditing in government should be an evaluation to the government activity carried on by auditing department and check whether it suits to principle of economy, efficiency and effectiveness, in order to help government to promote public management and improve management performance. Performance auditing on public funds in science and technology begins from more than ten year ago. However it has already obtained a certain achievement from the process of development, the auditing mode is still mainly in traditional auditing of financial receipt and expenditure.The last few years is seen open widely in the fields of auditing practices, whereas the composition of performance auditing is still lower. The objects to auditing are still limited and the participants are also less either.Science and technology has an important position in the development of national economy. The proportion of public input in science and technology of expend of the central public finance increases highly. The present condition of performance auditing in public funds in science and technology is mentioned as above. All these obtain the government auditing department to strengthen the auditing on reliability, legitimacy and efficiency of allotment, management and use to the public funds in science and technology, to study on operation mode of performance auditing on funds in science and technology at current association, to provides service for reasonable strategy programming of development of science and technology for the macroscopic decision alone with the inspect of funds movement. This paper adopts many research methods, such as comparative study, document study, cases study, discussing, etc. in the process of comparative research on theory and method of performance auditing and analyzes cases related. The investigated objects and scopes involve the government department of finance, science and technology, related supervisor's organization and units of project undertaking.The paper puts forward the assessment mode of "C+4Es" to the performance auditing on public funds in science and technology matching with our state of nation with basic experience and existing shortage and basic theory of performance auditing on public funds in science and technology on the basis of summaries of development process, current situation and characteristics on government performance auditing. It is namely: compliance, equity, economy, efficiency and effectiveness. This paper sets up study system on performance auditing with this mode.Under the study system, the paper carries on a research on performance auditing to public funds in science and technology from two levels:the funds supervisor's section and the funds used units. In the aspect of funds supervisor's section, the research is divided with two aspects:performance auditing on budget and on the organization of the projects by government. In the aspect of the funds used units, the research is divided with two parts:profitable unit and unprofitable unit. Each unit is researched by two aspects:performance auditing in whole unit and the management of the funds inputted. Thus, the paper analysis and summaries the actual situation on performance auditing to public funds in science and technology combined the case.The paper introspects the actual situation on performance auditing aiming at two varieties of current environment. At the same time, it puts forward the development path to public finance in science and technology based on environment variety and the actual situation:adapt to reform of the accountancy of the government, performance auditing on supervisor section face to face, measure to undertake unit overall, reasonable usage of data and substantial evidence analysis, paying attention to embody a nation economy safety.