Financial Audit And The Prevention Of Regional Financial Risks:the Problems And Countermeasures

In May 2015,the symposium of financial audit and regional financial stability was hold by China Audit Association in Qingdao.It proposed to further play the role of financial audit in promoting the implementation of national macroeconomic policies,and maintain regional financial stability,also with strengthening financial supervision.Economy in our country is in the new normal developing period that it must face various risks and challenges including financial sector.In the transition period,all sorts of hidden financial risks will be innovated constantly,and all kinds of factors that affect the financial stability constant overlay.Some regions will face the potential risk of regional finance.However,current scholar mostly focus on the macro level of the financial audit angle,for some special problems,such as audit quality control,audit management,audit techniques and methods.But there is little studies concerning the local financial audit.Financial audit,as an essential part of the financial supervision,has an irreplaceable role in preventing regional financial risks and maintaining regional financial stability.Therefore,this project work has more realistic significance for audit work.This article was starting with the perspective of how to play an effective role of local financial audit to guard against the risk of regional financial.According to domestic and foreign literature research,Financial crisis theory,Regional financial risk theory,Public fiduciary duty,Governance theory and The immune system,it analyzed the current situation and problems of financial audit and regional finance risk.Afterwards,combined with the experience and lessons of the Wenzhou private lending crisis,the article proposed four countermeasures which were expanding the scope of the audit,extending the audit content,innovating the audit methods and strengthening the audit control.