A Study On National Audit Quality

The quality of national audit is the fundamental line of audit work. Therefore it is essential to study the quality of national audit systematically. The study object of this article is the quality of national audit. The study line is as follows: what is national audit quality, how does it form, how is it evaluated and how is it improved. The article also studies the four key aspects of national audit quality: the basic concept, the influence factors, evaluation and management. In the opinion of the article, because of the unique character of national audit, there are some differences between the quality of national audit and that of other audit. Specially, in the framework of public finance, national audit is a public goods provided by the audit institutions to the public, the congress, the government and the auditees. Therefore the study on the quality of national audit should consider the influence coming from both the providers and the demanders. The study begins from the basic concept, and then analyzes the three layers of the concept of the national audit quality, after that reconstructs the concept of the national audit quality. The article argues that the quality of the national audit is not an isolated concept and should be studied from many aspects such as item audit quality and overall audit quality, felt audit quality and practical audit quality. Among which, the felt overall audit quality is the focus that reflects the common opinion by both sides of providers and demanders. Therefore, the felt overall audit quality of national audit is the kernel concept that is also the stress part of the article. Based on the concept, the article studies the main factors that influence the quality of national audit from three aspects: the providers, the demanders and the audit environments. The article also studies the formation of national audit quality and the principles and methods on the evaluation. A equilibrium evaluation model is also provided in the article. Finally, the article studies Chinese current national audit quality and analyses the prominent problems that influence the audit quality and give some corresponding advices.