New Investment In Local Government Audit Study

China is currently during the transition period, the market economy rules and regulations have not yet been fully established, a variety of investment system is not perfect, the local government to invest a lot of "achievement projects", "image projects", undemocratic decision-making, unscientific, resulting in low efficiency of local government investment losses and waste remain serious, and even the investment problem of inefficient, seriously affecting the efficiency in the use of fiscal funds.Effective supervision of financial capital as an important way to use - the local government investment audit, pro-active fiscal policy in promoting the effective implementation of, and deepen reform of the investment system, to strengthen project management, to rectify and standardize the construction market in order to maintain financial and economic law plays an important role in . National Audit Office, "from 2008 to 2012 audit of development plans" put forward: to promote the advancement of fixed-asset investment effectiveness, investigate and deal with major and serious loss of illegal waste issues, promote the strengthening of project management, protection of investment results, and deepen the investment and financing system, to in 2012, an annual audit of all project performance audit should be carried out.At present, foreign government-based audit gives priority to the performance audit. The successful experience of United States, Britain and other Western developed countries also led to China's research on performance audit. Performance audit as a result of China's legal system is not perfect, method of system performance audit and evaluation system has not yet been established, and many other factors, China's Government Performance Audit Practice of a serious lag, especially in local government investment in the audit requirements of the National Audit Office and a great gap. Throughout the audit of China's investment in the development of local government, are directed at every stage of its initial investment in the area of the main issues focused on the timely adjustment of the contents of the audit, using a variety of methods, the major concerns in the project, focusing on key areas of funding and to promote the system to improve and management norms, the government scientific decision-making and clean government.Faced with a new framework of public finance system, the deepening of reform of the investment system, local government investment in the audit should also take a firm hold of the practical problems of local government investments, such as poor management, system development is inadequate, the authenticity of poor sub-regulation in serious condition and so on. On this basis, the views of this paper is: to build the framework of public finance investment performance audit of local governments, mainly to take "to the system of audit, management audit mainly to supplement the audit work, the authenticity of the government investment, the legitimacy of economic audit, based on the efficiency of the gradual shift of the results of the audit", step-by-step to promote the performance of audit, to" expose the issues, and standardize management, the promotion of reform, improve the legal system and restraining power, and efficiency," proceed the overall goal.This article is also combined with the local government investment in the specific case of audit, detailing the current investment performance of local governments to carry out the main aspects of the audit and methods for analysis of investment performance audit of local governments to carry out the difficulties encountered and problems, and targeted performance audit of the local government to deepen the development of performance audit of China's government investment strategies and recommendations.