Government Audit Role In The Maintenance Of The Country's Financial Security

Subprime mortgage crisis that began in the U. S. had a serious impact on world economy, also caused people concerns about the'Economy Guardian'—Audit system to safeguard economic security, particularly·ability to financial security. How to learn the lessons of the U. S. audit failures, according to the Government audit standards to safeguard national economic security (Financial Security is the main core) and examine the potential audit failures in China, is the most urgent and realistic issue for each of the auditors and researchers.This article is based on the audit failures in U. S. subprime mortgage crisis as the entry point; and raised the need to safeguard national financial security;elaborated the theory of public accountability and aduit responsibility; In the concept of audit and audit system in China, The connotation of the country's financial security and the main risks faced by the literature review and base on the analysis to begin the special study of government Audit and National Financial Security. From the angles of Nature of the audit, government regulation, audit responsibility, system balance, international practice to analyze the theoretical basis of the interference of Government audit to the country's financial security. There is a study for the role of re-evaluation of government audit to safeguard national financial security, monitoring and early warning role, collaborative role and the role of relief assistance. This is to dissect the drawbacks current government audit exists in the process of safeguarding financial security, such as the existence of blind spots in the audit object, the less in audit objectives related to security, the existence of weak links in the content of the audit, the insufficient efforts to implement the audit findings and etc. Finally, focus on the above-mentioned drawbacks and in the respect of perfect system, the audit model innovation, to build early warning systems, collaborative monitoring system and etc to discuss the problem of selection path for government audit play to safeguard national financial security.