Does The Audit Of Budget Implementation Play An "Immune" Role?

National audit is an endogenous immune system with functions of prevention,disclosure and defense in national governance,which is widely accepted and recognized.Since the promulgation and implementation of the Audit Law of the people's Republic of China in 1995,the audit of financial budget implementation has gradually become an important part of the national audit,and the audit institutions implement the budget implementation audit of the government at the same level.So,as an important part of the government audit,does the budget implementation audit play an "immune" role? And how? At present,there is no strong support from empirical data.In recent years,government audit is a hot topic of social concern,and budget execution audit is the focus of government audit.The research on budget execution audit is of great significance to further improve the level of government audit,save financial funds and optimize the financial budget system.The audit of financial budget execution plays an important role in the safety of the use of financial funds and the improvement of the supervision mechanism of government revenue and expenditure.However,in the long-term audit practice,the audit of financial budget execution also exposes some problems,such as: the domestic audit of budget execution under the dual leadership inevitably lacks independence,the audit strength is not large enough,the audit scope is not comprehensive enough,the audit information level is not high and the audit results are not fully utilized,the repeated audit and repeated problems are prominent,and the audit supervision is not fully covered,etc.However,the problems exposed by the audit of financial budget execution inevitably lead to the question whether the audit of financial budget execution has "immunity" function? In the past few years,many scholars have only described the audit of financial budget implementation in theory.Scholars have carried out theoretical analysis on the problems existing in the audit process of financial budget implementation,the methods and specific contents used in the audit,the purpose and future development trend of budget implementation audit,and few scholars have explained it from the empirical aspect.This paper takes the opportunity that the state will bring all government revenue and expenditure into budget management in 2011,and selects the total amount of financial revenue and expenditure and the amount to be turned over as the proxy variables of the scope and strength of budget implementation audit under the idea of full coverage of audit.Among them,the reason why this paper innovates to use the amount of fiscal due to be turned over as a measure of the audit strength of budget implementation is due to the consideration of data availability and matching.Due to the strong confidentiality of government audit data,most of the data required for the research of government audit are from China audit Yearbook,while the data of China audit Yearbook are not too subdivided,most of them are government audit Total data calculated.Compared with other ways of measuring audit strength,the consistency between the financial amount to be turned in and the budget implementation audit is higher.take 31 provinces,municipalities and autonomous regions from 2012 to 2016 as the research sample,and take 31 provinces,municipalities and autonomous regions from 2011 to 2015 as the data source of the lag period.Based on the four theoretical foundations of national audit essence theory,principal-agent theory,Entrusted Economic Responsibility Theory and National Audit "Immune System" Theory.this paper uses theoretical and empirical research methods to verify whether the financial budget execution audit has immune system function,and further verifies whether the immune system function of budget execution audit changes under different institutional environment The countermeasures and suggestions to deepen the function of audit immune system in budget implementation are put forward.The empirical research finds that:(1)the greater the scope of budget execution audit,the better the function of prevention,defense and disclosure of government audit;(2)the greater the strength of budget execution audit,the better the function of prevention,defense and disclosure of government audit;(3)in a better system environment,it will significantly weaken the role of budget execution audit in improving the function of prevention and defense In a better institutional environment,it will significantly weaken the role of budget execution audit in promoting the function of disclosure and defense,but not in improving the function of prevention.Theoretically speaking,this paper enriches the national audit research literature base to a certain extent.From the practical significance,based on the current situation of budget execution audit in China,this paper tries to find a way to give full play to the function of budget execution audit immune system on the basis of verifying that budget execution audit has an immune system.The conclusion of this paper provides an empirical basis for the supervision department to strengthen the audit function of budget execution in practice.