The Research On Government’s Investment And Financing Audit Of Shanxi Resource-based Economy

Government’s governance is based on the existence of public accountability, andthis question has become a hot research topic in the world. Government’s investmentand financing behavior belongs to economic governance which is one of the fivegovernance system government governance, and it’s based on public fiduciary financialresponsibility relations and commissioned by the government to fulfill the people. Asthe trustee, government would settle resources of the people for a reasonable allocationagain, then serve the people ultimately. For a healthy and orderly development ofeconomic and society, government’s investment and financing behavior requires certainnorms, and the audit of government’s investment and financing behavior should worksat this time. Government’s investment and financing behavior are mutual integration.Shanxi Province’s resource-based economies is in transition phase, the amount ofgovernment’s investment and financing will increase fast, and the high debt problemwill appear, but the problem of low benefit and the risk of financing would preventedeffectively by audit. From this perspective,the article researches the investment andfinancing audit of Shanxi resource-based economy with Case Study and Normativeresearch method.This article is divided into six parts, the first part mainly focuses on the researchbackground, significance, methods and innovations. The second part generalities andanalyses the existing research results of this topic at home and abroad. The third partdiscusses the basic concepts and theories of investment and financing audit. The fourthpart based on the current situation of the investment and financing of Shanxiresource-based economy, proposes reality and necessity of government investment andfinancing audit. The fifth part dissects the problems of the investment and financingaudit in Shanxi resource-based economy, such as, the audit mode is inappropriate, theaudit force is unreasonable, the audit content is not comprehensive and so on. Finally,for the existing problems, the article proposes the governance-oriented audit mode,standardized investment and financing audit process, flexible flow of talent mechanismfor internal and external, compound audit team to perfect strategies andrecommendations of investment and financing audit.The value of this study is that, first, government investment and financing has been one of the government’s economic governance’s contents, from this perspective, thearticle introduces governance-oriented audit mode for government investment andfinancing audit, builds theoretical framework for investment and financing audit, whichis based on the governance oriented audit. Second, for the status and problems ofinvestment and financing audit, the corresponding blameless countermeasures has beenproposed. last, analysis and solve the problems from theory and practice, to provide anidea form overall audit for government investment and financing audit.