Current Economic Responsibility Audit In China: Existing Problems And Countermeasures

Economic responsibility audit system is an important institution to strengthen the restriction and supervision to power, and perfect the socialistic political civilization construction. This paper tends to start with the concept of the Economic responsibility audit (E.R.A.), the literature summary, and the theory of principal-agent. It analyzes the history of the development of E.R.A., studies the existing problems as well as the reasons behind them. Both in theory and in practice, it tries to seek the basic Countermeasures which can perfect current economic responsibility audit.It is regarded in this article that such problems cannot be ignored as uneven development of economic responsibility audit, delayed establishment of related rules, great difficulties of implementing the principle of "audit after leaving posts", and so on.It is believed here that in order to solve all these existing problems we should boost system innovation and construction with creative mind. The innovation of economic responsibility audit system should be conducted and economic responsibility audit superintendence mode favorable for Chinese situation should be explored and established. We should perfect audit targets and strengthen multi-interaction, make audit means diversified, act on the way of performance-oriented economic responsibility audit.