Research On How National Audit Promote The Improvement Of Local Financial Supervision Effectiveness

At present,the highest decision-making level attaches great importance to the prevention and control of financial risks.In July 2017,General Secretary Xi Jinping emphasized that it is necessary to grasp four important principles for doing a good job in the financial industry.One of them is to “focus on strengthening financial supervision to prevent systemic financial risks as the bottom line”.In the face of complex systematic financial risks,although China has already established a financial supervision system consisting of the Financial Stability Development Committee of the State Council,the Central Bank,the China Banking Regulatory Commission and the China Securities Regulatory Commission,the current financial regulatory system still has some problems.Among them,local financial regulatory power is weak and it is difficult to achieve full regulatory coverage.It is worth noting that local spot trading is large in scale and has a great potential risk.However,there are many issues such as ambiguous supervision bodies,incomplete regulatory systems,and failure of regulatory coordination in spot trading financial supervision,resulting in inadequate supervision,unlawful breeding,and risk disposal.Lag.Therefore,this paper first elucidates the main influencing factors of the improvement of local financial supervision effectiveness and the promotion role of national audit.It also takes the provincial spot audit of financial auditing as an example to give the path of national audit to promote the improvement of local financial supervision effectiveness.This article is divided into six chapters.The first chapter is the introduction.The second chapter is the literature review.Based on the research of the national audit function,it combs and summarizes the relevant literature on the path of national audit and maintenance of financial security,summarizes the shortcomings of the existing literature,and puts forward questions and perspectives that need further study.The third chapter constructs the theoretical analysis framework of the national audit to enhance the effectiveness of local financial supervision,starting from the definition of the concept of local financial supervision effectiveness and the influencing factors,and elaborates the function mechanism and the supporting conditions provided by the national audit to assist the local financial supervision process.The fourth chapter is based on the case analysis of spot transaction financial auditing.It uses auditing knowledge to objectively describe the audit process,reveals the problems found in spot transaction financial audits,and analyzes the reasons behind the issues from the spot regulatory financial regulatory level,and proposes the financial supervision and auditing of spot transactions.Ideas.The fifth chapter puts forward the path selection of national audit to enhance the effectiveness of financial supervision.The sixth chapter is the research conclusion and future prospect.The research shows that the degree of implementation of local financial supervision responsibility,the degree of perfection of local financial supervision system,the degree of local financial regulatory object mix,and the degree of protection of local financial supervision capabilities have an important impact on the effectiveness of local financial supervision,and national audit can be strengthened.Responsibilities of local financial regulators,improvement of relevant financial supervision systems,and strengthening of financial supervision capabilities,promote the improvement of local financial supervision effectiveness;case studies show that in order to better play the role of national audit in promoting the effectiveness of local financial supervision,it should be based on financial risks.The order of the main body of undertaking,the main body of manufacture and the main body of supervision adopts the path of national audit to promote the improvement of the effectiveness of local financial supervision.The first step is to quickly identify risks by expanding investigations into financial investors,and secondly extend the audit of financial regulatory object to find regulatory issues.Finally,build a risk prevention and long-term mechanism through deepening the audit of local financial regulators.At each stage,it is necessary to build technical and personnel support for national audits to enhance the effectiveness of local financial supervision.