Research On The Relationship Between National Audit Supervision And Financial Risk Prevention

In the development of modern economy,the core role of finance plays an important role in the healthy development of a country's economy and society.The significant negative effects of financial risks will affect the financial and economic security of the country,and even endanger the national security.At present,indirect financing is still the main means of financing in China's financial market.As a financial medium,bank has always been the largest operating entity in the financial market.It is an important content of national audit to carry out audit supervision over banks.In the governance system of our country,audit supervision is a comprehensive supervision activity,which determines the universality of the content of national audit supervision,and there are some differences with other regulatory agencies in the aspects of supervision methods and contents.National audit has the characteristics of independence and comprehensiveness,and have the advantages of high standing,wide vision and full coverage.National audit plays an irreplaceable role in improving the operational stability of financial institutions,preventing financial risks and cracking down on financial crimes.In the face of the new situation of financial development and the new requirements of financial supervision,national audit has an unshirkable obligation and responsibility in preventing financial risks.This paper makes a systematic analysis on the theoretical basis,practical experience,function mode,realization path and implementation effect of the national audit to affect the financial risk of the banking industry,using normative research and empirical research methods,which has both theoretical and practical significance.First of all,based on the previous research results,this paper puts forward the starting point of this study.Secondly,this paper studies the theoretical and practical basis of national audit to prevent bank risk,as well as the advantages of national audit in financial supervision.Based on the analysis of the practical experience of financial audit,this paper discusses the ways of impacting bank risk by audit institutions at all levels,and tries to build a theoretical framework of national audit to prevent bank risk.Then,based on the responsibilities and authorities of audit institutions and the ways to affect bank risks,it carry out empirical tests on national bank risk,local bank risk and regional bank risk respectively,and investigate the mechanism and implementation effect of national audit function,so as to provide empirical evidence for audit institutions to achieve the goal of financial risk prevention in the banking industry.Finally,on the basisof empirical research,this paper analyzes the shortcomings of the current state audit,discusses the improvement of the way to prevent financial risks,improves the realization mechanism and ways,and promotes the maximization of the role of national audit.The main conclusions of this paper are as follows:First,the risk prevention of national banks by national audit supervision shows the character of "?".In the second year of audit implementation,due to the joint force of public supervision formed by audit announcement and effective rectification measures taken by banks,the role of national audit is the most obvious,which can significantly reduce the operational risk of banks.The investigation and handling of illegal cases by national audit also reflects the character of "?",which significantly suppresses the bank risk in the second year after the investigation and handling of cases.Second,the audit mode has a significant impact on bank risk.Under the condition that the bank has been audited by national audit for many times in a year,the deterrent force and influence of the audit will be stronger,the inertia of the original high-risk business and illegal business operation mode can be corrected in time,and the supervision of rectification for problems found will be stronger,reflecting the more effective role of the national audit in preventing bank risks.At the same time,with the decrease of the "audit storm",the announcement of audit results still has a strong deterrent force,which plays an important governance role in promoting financial institutions to prevent and resolve operational risk.Third,national audit shows a certain intermediary effect in preventing local bank risk.The national audit function based on the economic punishment function can effectively improve the level of government governance,and effectively reduce the credit risk of local banks and improve the overall asset quality through the improvement of the level of government governance.This intermediary utility is also reflected in improving the profitability and capital adequacy ratio of the local banks.Fourth,national audit has the function of preventing regional bank risk.Taking the non-performing loan rate of each province as the the regional bank risk,it shows that the economic punishment function and audit suggestion function of the national audit have significant negative correlation with the regional bank risk,which shows that the effective exertion of national audit function can supervise the use of public funds,reduce the motivation of government intervention in bank credit funds,improve the level of government governance,promote the effective implementation of the policies,and provide a good environment for the healthy development of local financial institutions.Finally,strengthening the "counter-cyclical" supervision of national audit is helpfulto prevent bank risk.Financial risk shows a certain degree of procyclicality.Loose monetary policy and rapid economic development will make banks optimistic about the borrower's solvency,relax credit policy and reduce credit standards.In the process of rapid economic development,it is helpful to strengthen the audit supervision of "counter cycle" and reveal the hidden risk to prevent the bank risk.On the basis of the above analysis,this paper discusses the improvement of the realization mechanism and approach of national audit from the functions and positioning of financial audit,the development of audit methods,the optimization of organizational model,personnel training and the innovation of announcement system,to prevent financial risks,so as to meet the needs of the country's further development and economic and social development in the new era.First,national audit should give full play to its own advantages.It should strengthen the analysis and prediction of the market,perceive the risks of the financial market in advance,and play the preventive role of audit.It should not only be able to "cure the disease",but also "prevent the disease".On the other hand,it is necessary to analyze the causes and propose solutions for the problems found in the audit,so as to achieve the effect of audit rectification and risk prevention and play a constructive role.Second,we should use big data technology to carry out analysis and research,give full play to the dynamic risk tracking and monitoring functions,and improve the foresight,accuracy and effectiveness of financial audit on risk identification.Third,through the establishment of management center,information sharing platform and information interaction channels,the audit organization mode is further optimized to achieve the purpose of reasonable allocation of human resources,implementation of dynamic and centralized management of audit projects,and improvement of work efficiency and effect.The fourth is to build a professional financial audit team that stresses politics,has high quality and rich financial knowledge through the establishment of personnel training mechanism,strengthening business practical ability training and other ways.The fifth is to innovate the audit announcement system,explore the issuance of financial market risk analysis report,enhance the authority and influence of financial audit,and strengthen the role of national audit in preventing financial risks.The main contributions of this paper are as follows:First,it enriches and deepens the theoretical research of national financial audit..Based on the theory and the function orientation of national audit,this paper discusses the basic basis of state audit to prevent the financial risk of banking industry,and explains the function mode and realization way of national audit,so as to build acomplete theoretical framework and consolidate the theoretical basis of national audit to prevent financial risk.Second,it is provide direct empirical evidence for national audit to prevent financial risks.Due to the limited public data available,to a certain extent,it restrains the domestic empirical research on national audit,especially financial audit.This paper provides new empirical evidence for national audit to prevent financial risks and enriches the empirical research content of national audit.Third,researching the role of national audit in preventing bank risk at several levels.Considering the differences of leadership system,government governance and local economic and social development,through empirical analysis,we can get the realization path of audit institutions at all levels in impacting regional financial risks,and further enrich the research on financial audit preventing financial risks.