Research On Internal Audit Outsourcing In Public Sector

Since Premier Li Keqiang put forward the full coverage of audit in 2013,the full coverage of audit has been continuously promoted,so that state-owned assets,public funds,state-owned resources and leading cadres to fulfill their economic responsibilities are under the supervision of audit.As the main users of state-owned assets,public funds and state-owned resources,the public sector is an important area of audit supervision.At the same time,the state proposes to strengthen the guidance and supervision of internal audit work,mobilize the strength of internal audit and social audit,and enhance the synergy of audit supervision.Therefore,the implementation of full audit coverage is based on the entire audit supervision system,requiring national audit,internal audit,and social audit to work together.However,under the requirement of comprehensive audit coverage,the problems of heavy internal audit tasks and insufficient audit resources in the public sector are highlighted.Outsourcing internal audit to social audit institutions is the best way to solve this problem.Based on the existing domestic and foreign research results and the theoretical framework of internal audit outsourcing in the public sector,this paper grasps the overall situation of internal audit outsourcing in the public sector of A province through statistical analysis.Then,the field investigation method and multi-case analysis method are used to analyze and study the internal audit outsourcing business of the public sector from the perspectives of the public sector and the accounting firm.The risks of internal audit and social audit in the outsourcing business and the quality control measures adopted by both parties are summarized.Whether the internal audit institutions and social audit institutions of the public sector have played their respective roles in enhancing the synergy of audit supervision in the outsourcing business is further studied.The results are as follows : First,the internal audit outsourcing of the public sector is the best way to solve its own independence,professional competence and human resources.Small and medium-sized firms have become the best outsourcing targets for the public sector by virtue of their own advantages.Second,in the outsourcing process,both internal audit and social audit face some risks and problems,and the quality control measures taken by both parties cannot be completely eliminated.Third,the outsourcing of internal audit business in the public sector helps to enhance the synergy of audit supervision,but the effect is limited.On this basis,the paper puts forward some suggestions,in order to strengthen the joint efforts of internal audit and social audit under the guidance of national audit,so as to enhance the efficiency of public sector audit and better serve national governance.