Research On The Corporation Performance Audit

In recent years, since the impact of the current international economic crisis, many corporate profits decline. How should we carry out the audit work in the current international economic crisis? This paper holds that it is essential that the audit department in China carry out the corporation performance audit. But there are still many issues to be resolved in corporation performance audit. And these problems restrict the development of the corporation performance audit.The practical problems, which constraint the development of China's performance audit, are listed in this paper after analyzing the domestic and international development and the characteristics of corporation performance audit. Then we give suggestions to how to deal with the problems in performance audit in China by comparison way.Firstly, we lack regulations in our country's performance audit. And there is no specific performance audit criteria, norms and operational guidelines in our country .To deal with this problem , we should construct the legal system construction of our corporation performance audit. And we should set up our corporation performance audit standards and corporation audit guidelines systems after learning from foreign country.Secondly, We lack a systematic, rigorous, standard economic responsibility system in Chinese state-owned enterprises .So we weak the role of corporation performance audit in China.Thirdly, some audit technology should be improved in China. There are some questions about audit technology, such as lacking of systematic and not enough using of non-financial indicators and efficiency indicators. To deal with this issue ,we should put non-financial indicators and efficiency indicators into our performance audit system after many practice experience in audit.Fourthly, we should extend performance audit to environmental protection field and our country's sustainable development field. So we should make environmental audit rules when we audit items which are about environmental protection and our country's sustainable development.Fifthly, There is the phenomenon of distortion of accounting information in our country since China's market economic system has been set up in recent years. And we lack overall market surveillance mechanisms. To deal with this problem, we should deal with the relationship between corporation financial audit and the corporation performance audit effectively. We should audit by using the two audit ways together.Sixthly, our auditors learn more about account and audit in university, They known less about non-financial knowledge such as computer and law. These auditors have not met the demands of modern corporation performance audit. To deal with this problem, we should enhance the quality of existing audit staff and we should recruit some experts who have non-financial knowledge into our audit team.The main purpose of this paper is to study some problems about the corporation performance audit in China and to find the solutions of these problems .In this way, we promote the development of corporation performance audit in China.