Research On Improvement Of Audit Report

For a long time, auditing report has been playing a significant role in the auditing process. The Decision on Major Issues Concerning Comprehensively Deepening Reforms was adopted at the close of the Third Plenary Session of the18th CPC Central Committee, in which the general purpose of advancing modernization in the State governance system and governance capability was proposed. Since government audit is the essential part of national governance, the functioning of fraud detecting of auditing turns as an important way for enhanced governance system and governance capability. Auditing report, as the reflection of auditing results, the quality of which also takes important position. The improvement in the quality of auditing report, the extension in auditing scope and the fully functioning of auditing report are also essential for the modernization of governance capability. Thus, to meet the requirements, government auditing report should advance with times. This is especially critical for the improvement in the type, content, responsibility as well as the quality of auditing report. This is a continuous evolving and developing reforms that will greatly affect national economic situation and social development.In recent years, the transparency in government financial expenditure has drawn increasing public attention. Much emphasis have been put on the transparency of government budget and financial expenditure for the construction of "sunny finance", as can be embodied in the12th five-year plan in2011, National Financial Working Conference in2013and the NPC&CPPCC in2014. The government auditing report acts as a significant bridge between the government and the public for communication. This indicates that higher transparency in auditing report is contributable to "sunny finance".In domestic, there have been many demonstrations on the role of government auditing report in government auditing and national governance, and dozens of suggestions concerning the improvement of government auditing report have been put forward. These previous investigations have indicated that the type, content and quality of auditing report would vary significantly with the advance of economic reform. Currently, China is in the key period for social and economic transition. The economic environment becomes increasingly severe and complex, while the national governance system and governance capability present new features. To meet the requirement for national governance system and governance capability, government auditing report should make corresponding improvement.In this thesis, the subject background and research significance are firstly elaborated. With the functioning of problem detection, causes analysis, proposal guide and rectification making, the improvement of government auditing report is beneficial to achieving the modernization of national governance capability. Secondly, an overall literature review on the contributions from both domestic and overseas is given, to recognize the research progress of government auditing report. Thirdly, the framework, methods and the difficulties and innovations of the thesis are outlined, and related terms and theoretical knowledge are reviewed. Based on the analysis of the development history and current situation, the development of government auditing report is guided. Besides, government auditing report owns the functions of risk aversion, supervision and plays a constructive role in national governance system. Thus, it is critically necessary to improve the quality of government auditing report. Besides, the effect of auditing system and independence of audit institutions under different audit mode upon government auditing report is explored in detail. The highlight is that while investigating government auditing report, the essence of social auditing development has also been integrated. This will provide theoretical basis and practical support for the improvement of government auditing report.Lastly, the exterior and inherent faults of the current auditing report are revealed on the basis of case study. For the deficiencies of auditing report, corresponding recommendations for improvement are proposed from the prospective of type, content, variety and responsibility partition of auditing report as well as auditing evidence collection and internal control. Besides, the safeguard system of government auditing report is illustrated with the consideration of the overall quality of auditors, the supervision system for audit quality, the mechanism of auditing report and laws and regulations.