Study On Performance Audit Of Financial Funds In China

With the economic development and public demand increasement of products a shortage of financial funds will exist for a long period of time, financial pressures are expected to grow. In our country's public finances in the process of building, how to regulate and restrict government to use financial funds urgently required, to ensure that the use of limited resources to achieve the government's largest financial targets, the established financial funds to play the greatest social and economic benefits, is an important question that needs to be resolved. With the enhancement of awareness of democracy and ability of political, the public concern more and more about the financial revenue and expenditure of funds, efficiency and effectiveness etc. As a result, the audit organs should carry out performance audit of financial funds to provide the public funds, resources and effective information to the public.Basing on the traditional audit compliance, China's government began to explore the performance of the audit. The newly revised "Audit Law" put "to promote the increased efficiency in the use of fiscal funds" as the purpose of the legislation to be clear, Issued by the National Audit Office, "the Audit Commission from 2006 to 2010 audit of development planning," pointed out that our government should be based on the performance of audit, the financial capital of the main aims is to improve capital efficiency and financial management. However, in terms of theory and practical point of view, for various reasons, our financial performance audit is not good enough in theoretical and practical system, and also in the lack of the effective convergence in the existing theory and practice of the audit, resulting in a less comprehensive performance in audit system. The majority of theorists and staff of audit are relatively unfamiliar with the theoretical and practical aspects of the Government Performance Audit. Learning from the mature experience of foreign performance audit, and creating a Chinese financial capital model of performance audit have a strong theoretical and practical significance for guiding on the financial performance of our financial audit work. For this reason, the author chooses to audit the financial performance of the funds as a master's thesis research, to try to carry out research and exploration for the theories and practices of our financial performance audit of funds, for providing valuable references to carry out performance audits of financial funds for the actual audit institutions.This article includes five parts: the first part of the financial performance audit of funds is related to research theoretical issues, mainly focus on the financial performance of the financial audit of the basic theory. Overall, I introduced the meaning of performance audit of Chinese government, performance audit and its three elements as well as their connections basing on our national conditions, and also introduced China's financial capital to define the meaning of performance audit. In this part. I also analyzed the performance audit of financial funds basing on the motives and backgrounds of the development, which will have a theoretical basis and significance. The second part includes the financial performance audit of the financial development of their comparative analysis of the United States, Britain, Australia, Sweden and the four countries, which can be drawn from the experience of the practice. The third part focuses on our financial performance audit of funds to carry out the status quo, China analysis of the performance audit of financial funds to carry out the difficulties and problems. The fourth part is related to the performance audit of financial funds to carry out the actual situation, auditing the environment from the audit system, put forward its own audit institutions to improve China's financial capital to carry out performance audit measures and recommendations. The fifth part studied the construction of China's financial capital to carry out performance audit model, in our analysis of the performance audit of financial funds to carry out practical. This part focused on the financial performance audit of the funds and the main object, objectives, basic principles, main contents of the audit methods.Throughout the course of the study, I insist on integrating theory with practice, using positive norms and a combination of research methods based on our government audit reality, and learn from the advanced experience of foreign countries, look at our financial performance audit of funds with a new perspective. Plus, I also have some innovations in the following aspects basing on the combinations of the theory and practice.First, by using public goods and the theory of principal-agent theory, performance audit of the funds generated on the basis of economics and development were discussed.Second, to adapt to the reform of public finances and the financial capital of the performance audit, not only the content, case studies, the financial performance of the funds, but also the scope of the audit revenue, expenditure, should also be included in financial management aspects of performance evaluation.Third, at this stage, studied how to built a model of performance audit of financial funds, a clear audit of the main body of the object and the contents of the audit.