A Study On The Performance Audit System Of Special Fiscal Funds

Chinese economic and social developments present a new normality at present. However, it also brings new challenges to the public finance. Budget performance management will become normal and turn into an important point and the development direction under the new normality of the public finance reforms. The newly revised "budget law" requires public finance budget performance management should go through the whole process of the budget activities and the implementation of the law will lead our country’s public finance budget management towards to the new normal-- the budget performance management. Special finance funds are one of the important parts of the public expenditure. Due to its multipoint, wide, length and large amount in many areas, the process of distribution will give power of seeking some opportunities to some department and individuals and people will pay more attention to the performance of the funds. With the gradual implementation of the performance budget, the newly exploration of the performance audit in the recent year will carry out an important agenda.In the 1940 s, the performance audit has been researched and practiced in the developed west countries and it developed rapidly in the 80’s. In our country, although the concept of performance audit has put forward in the 1980 s, the performance audit comes into practice in Shenzhen of China in 2002. We also made beneficial exploration and practice in the field of project performance audit, enterprise performance audit and environmental performance audit and gradually extended into the special finance funds field. Special fiscal funds’ performance audit refers to assessing the executive condition, as well as evaluating the management and result of special fiscal fund, the main point of which is to evaluate the economy, efficiency and effectiveness of special fiscal fund. Currently, our countries theoretical system and practice framework of financial performance audit of special funds has no systemic research. Because of the above characteristics and the concern of special funds, it is more urgent and has theoretical and practical meanings to research the financial performance audit of special funds under the new normal.This study is based on the practice experience of special finance funds performance audit in domestic and abroad and on the combination of scientific and operation, qualitative and quantitative, and long-term benefit and short-term benefits of combining principle. It takes organizational and technical system as the focus, and tries to construct the system of the special fiscal funds’ performance audit. The organization system involves the main body, object, scope, procedure, procedure and application of the performance audit. The technology system relates to the method system and index system. This thesis attempts to discusses the method and the application method of special finance fund performance audit by taking "public product performance results oriented" and applied to the construction of the index system. At the same time, elaborating application of the special financial fund performance audit system combine with the specific cases,thus it can provide a technical support for the special finance fund performance audit.In the closing part, this research analyzes the relationship and difference between the performance audit and traditional audit of financial revenues and expenditures, and analyzes the problems and restricting factors of carrying out financial performance audit of special funds in China at present, including ambiguous limit theory of the performance audit, imperfect legal system, nonstandard performance budgeting, incomplete business data, lack of evaluation criteria and index system, audit team ability unable to meet the requirements, the way to use audit results going not well. In the end suggestions to further improvement of the financial performance audit of special funds system are offered, including to clarify the relationship between financial audit and performance audit, to establish and perfect the performance audit system of laws and regulations, to promote the standardization of performance budget, to promote the normalization construction and basic database establishment, to establish a sound performance evaluation criteria and index system, to strengthen the ability construction of audit team, to improve the extraction and application of performance audit results, and so on.