The Research On Audit Supervision Of Housing Provident Fund In China

In view of the present management of housing provident fund, this paper studies the auditing supervision of housing provident fund basing on Principal-Agent, Public choice, Risk management theories and etc.. On analysis of the existing problems from supervision system and auditing supervision of housing provident fund, we table an improvement proposal from the aspects of the institutional arrangements and auditing methods for auditing supervision of housing provident fund. The analysis methods are case analysis, the game, mathematical formula reasoning method and logic reasoning.The supervision system of housing provident fund consists of financial supervision, auditing supervision, public supervision and industry supervision in our country. This paper compares the costs and benefits of various types of supervision using mathematical formula reasoning method, and concludes that the cost of auditing supervision is minimum but the public benefit is maximum, so we suggest audit supervision should be taken as the leading supervision type of housing provident fund.In the text, we regard the problem of China's current housing provident fund management corrupt and the audit supervision deficiencies are inseparable. In the management process of housing provident fund, the internal control of management is weak, corruption exists wantonly, and local government as a rational economic man intervention at will, so fund management risk rises. But the audit did not play its proper supervising function, resulting the absence of audit supervision main body and low quality of audit, which creates an opportunity for fraud, making that misappropriation and invasion of provident fund frequently take place. To change the status of the auditing supervision of housing provident fund and ensure the safety of provident fund integrity, we must start from the integration of audit resources. When ensuring government audit supervision plays mandatory and effectively, we should give full play to the basic role of internal audit and timely add public auditing force, to form an audit supervision joining force. It's necessary to set up an audit committee in the existing housing provident fund management committee as an organizational guarantee of auditing supervision. Audit committee uses its independence, professionalism, authority and etc. to build a communication bridge among all the main audit bodies, ensuring implementation of the main supervising bodies'function. In the process of auditing...