Research On Performance Auditing Of Pension Funds

With the devolopment and construction of China's old-age insurance system, more and more workers have been incorporated into the pension insurance system, the accumulation of pension insurance funds are also increasing day after day. However, wity the wave of aging intensified, the co-ordination account for pension is out of balance between income and expenditure, the scale of empty for individual accounts becoming increasingly large, the situation of "old fast than rich " having an huge pressure on the payments of china's pension. Meanwhile, the vacancy of pension insurance budget has increased the randomness in the allocation and buget of pension insurance funds, reduced the utilization efficiency of pension insurance funds, making the audit of old-age insurance in a state of non-system framework. However, our audit institution are still using the ideas of traditional financial audit, focusing on auditing whether the fees were collected on time or not,whether exist the misappropriated and non-compliance situation for the pension insurance funds or not, whether the inrurance were payed timely or not and so on, but not from the policy, institution, management to research problems, to maintain the security and integrity of social security funds, to promote the pension insurance budget, to improve our old-age insurance system. Therefore, to build the performance audit of pension insurance based on the budget is worth studing in-depth.Based on the current vacancy of old-age insurance performance audit, this paper introduce the government performance audit to the old-age insurance areas. Concluding the theoretical airticals about performance audit of the old-age insurance, this paper proposes the theoretical framework and the basic idea of performance evaluation for performance audit of pension insurance based on the budget, combining the case to evaluat the performance of old-age insurance.In the theoretical part of the performance audit, this paper based on five theoretical basis about performance audit of eldment (Public Accountability relations theory, new public management theory, transaction cost theory, cost-effectiveness theory and sustainable development theory), according to the statement of budget management and situation of auditing, proposes the conceptual framework for performance auditing of pension insurance based on budget perspective, as well as redefining the objectives, the audit content, evaluation procedures and methods of audit, audit evaluation system and the audit report of performance audit of pension insurance.In the performance evaluation part, it is divided into two parts.one is the designation of indictors system of performance evaluation:adapting multi-dimensional and multi-level comprehensive evaluation method, combining qualitative and quantitative method, from three-dimensional degrees and the four levels building the index system of performance evaluation. The other is the designation of the pension funds performance evaluation:including acquisiting the indicators'data, setting the weights of performance evaluation index, constructing mathematical modeling of evaluation indicators, and the overall performance evaluation. Finally, basing on the basic idea of performance evaluation about pension insurance, combining with the computer-assisted techniques,this paper conducts the performance audits of pension insurance of H city,in order to demonstrate the reasonability and feasibility of performance audit of pension fund. based on the budget perspective.