A Case Study Of Internal Economic Responsibility Audit In T State Owned Enterprise

The report of the 20th National Congress of the Communist Party of China(CPC)pointed out that it is necessary to "improve the Party’s self-revolutionary system and regulation system,and improve the Party’s unified leadership,comprehensive coverage,and authoritative and efficient supervision system." Standardizing the economic responsibility audit of state-owned enterprise leaders is of great significance for improving the Party and country’s supervision system.Since the Central Committee of the Communist Party of China promulgated the "New Rules" on economic responsibility auditing in 2019,the work of economic responsibility auditing has been further guided and improved,which can more effectively regulate the power operation of leaders,promote party conduct construction,and promote high-quality development of departments,enterprises,or regions.However,the economic responsibility audit of state-owned enterprises in China is not perfect,and there are still some practical difficulties and problems in carrying out economic responsibility audit in practical work.These difficulties and problems are either caused by the subjective behavior of auditors,or due to inherent limitations of audit,or due to unreasonable rules and regulations of group economic responsibility audit,so they need to be continuously improved in practical work.This study is mainly based on literature research,case studies,field investigations,and other methods.The research object of this article is T state-owned enterprise,which is a medium-sized and large state-owned enterprise deeply rooted in the power industry in China.Taking the outgoing economic responsibility audit conducted by the group audit department on the leader A of the subordinate company as a case,when expressing and analyzing the problem,a comparative study was conducted in combination with the relevant data of Comrade A’s economic responsibility audit during his tenure,so that the problem mining is not limited to the time point of the main case,so there is some innovation in the case study of economic responsibility audit.This article reviews the procedures and audit content of the economic responsibility audit conducted by the T state-owned enterprise audit department on the leader A of the subordinate S subsidiary,and considers the problems existing in the case company’s economic responsibility audit from both the auditor level and the group level.It summarizes the main problems such as inadequate audit in key areas,general and hasty definition of economic responsibility,failure to implement the requirements for full audit coverage,and failure to establish an objective and effective evaluation system The paper analyzes the causes of the problems such as slow audit informatization construction and inadequate audit rectification,and finally proposes practical suggestions for improving the economic responsibility audit of leaders in T state-owned enterprise based on the existing problems and their causes and the actual situation of T state-owned enterprise.This article takes the economic responsibility audit case of T state-owned enterprise as the starting point for research,and conducts relevant research on economic responsibility audit from a global perspective.It not only enriches the theoretical research of economic responsibility audit,but also provides reference for T state-owned enterprise and other enterprises in the same industry and nature to improve economic responsibility audit and corporate governance capabilities.