Study On Performance Audit Of Chinese Public Funds In The New Period

The Party’s Third Plenary Session of the Eighteenth CPC Central Committee hasmade a major deployment over deepening the reform comprehensively. In the face ofthe new requirements, the new situation and new tasks, auditing organs, as thesupervision department of the state government, has to make innovation, reposition andmake sure goals for future development of audit. In the new historical situation, in orderto comply with the deepening reform in our country, the performance audit must bedone nationwide. Therefore, improving the performance audit method, strengthening thelegal construction of our country and exploring a road of independent audit areparticularly important at the present stage.China’s performance audit of public funds is in the exploration phase, but hasbecome an important way to establish a pragmatic, honest, responsible government.Nationwide audit coverage is currently the new requirements proposed by the nationalaudit national governance. Performance audit of public funds is the effective ways topromote “full coverage of audit supervision” as soon as possible. Therefore, how tofurther enhance the level of performance audit of public funds, researchers needcontinuous exploration.This paper centers on overall situation of deepening reform in the new period andalso on serious problems faced by the performance audit of Chinese public funds atpresent. On the basis of audit practice and in pursuit of putting theory into practice, theauthor has collected and studied a large number of literatures for one year and combinedit with years of practical experience to complete this paper. The paper starts withthe background and significance of the research on performance audit of Chinese publicfunds, then proposes the innovation of performance audit of public funds operated inour country in the new period, and combines it with the theory of performance audit ofpublic funds. Also it cites the example of the performance of public funds in our countryapplied to large-scale audit projects and then discusses the present situation ofperformance audit of Chinese public funds and the main existing problems such asinsufficient understanding of performance audit, backward auditing techniques, weak human resource, difficult audit evaluation index and inadequate use of audit results.Aiming at the problems, the author puts forward some suggestions and measures,suggesting to strengthen the management, to raise awareness, to improve the audittechnology of the network, to create new human organization, to perfect the evaluationindex system and to coordinate cooperation so as to promote the use of achievements.The author aims to provide some reference to performance audit of public funds inChina so that in improving state governance, function of the immune system of auditcan be fully played.