F City Local Government Debt Audit Problems And Countermeasures Research

In China,the relevant laws and regulations have clearly stipulated that all local governmentcan’t borrow any debt. The budget deficit can not be listed, except for the specialcircumstances. All levels of local government are not allowed to provide correspondingguarantees for the relevant units. However, in fact, the scale of our local government debt islarge, and the sources of the local government debt are also wide. As the important source offunds in the local government, the funds of local government debt has played an essentialrole in the relevant aspects. For example, it has protected the local economic development. Inanother hand, it has played a positive and effective role in improving the people’s living levelwhile facing the financial crisis. With the rapid economic development, the single budgetincome and higher grant funding income can not meet the need, which is used for fiscalexpenditure in the construction of urbanization. The Chinese government has taken a positivefiscal policies and loose monetary policies,.The amount of the local government debt hasgrown. At present, the supervision of auditing of local government debt in China is clearlyinadequate. The National Audit Office has worked three times for the auditing of the localgovernment debt,while only twice for the auditing of the local government debt in theprovince of Xinjiang. This article will analysis the auditing in the local government debt of FCity. and the related problems, which have existed in auditing, and take the correspondingmeasures of improvement.This article is divided into five chapters to research the problemsand countermeasures in the auditing of the local government debt in F City.The first chapter introduces the background of researching and the significance of thetopic. It has talked about the local government debt and the auditing.What’s more, it has alsointroduced the researching abroad.The second chapter is the theory of auditing of local government debt. It has introducedthe concept of local government debt. At the same time, the classification and composition oflocal government debt is also described in detail. And then, the theory of auditing of localgovernment debt is discussed.The third chapter is the analysis of the problems in local government debt in F City. Thischapter talks F City to understand the situation and scale in F City. Secondly, it tells thebackground of the implementation in the auditing of local government debt. Then, theauditing of local government debt in F City is analyzed in detail. At last, the problems and the reasons of the auditing in the local government debt in F City are also introduced.The fourth chapter improves the countermeasures of auditing in local government debt inF City. With the existing problems and the actual situation in the auditing of local governmentdebt in F City, it puts forward some concrete measures to improve the auditing of localgovernment debt in F City. The theory about “immune system”of auditing, the theory aboutthe hypothesis of economic man, the principal agent theory and the theory about auditing oflocal government debt are the foundations.The final chapter is the conclusion and deficiency.