Research On Debt Audit Of L County Government Financing Platform

The local government investment and financing platform is established through financial appropriation or injection of land and equity.It has independent enterprise legal person qualification,the construction of local infrastructure and public service projects.It is the important way for local government to obtain commercial loans by the way of Finance and corporate identity.In recent years,the local government investment and financing platform has shown a "blowout" growth,and the formation of the government debt risk has become an unstable factor in the economic and social development of China.After the 2008 international financial crisis,the contribution and role of the local government investment and financing platform to the economic development of our country,and the potential risks and measures to deal with it have been greatly concerned.Government audit is a powerful tool for the state to restrict and manage the investment and financing platform of local government.It is of great theoretical and practical significance to the audit research of the investment and financing platform.Based on the hypothesis of economic man,principal-agent theory and the theory of entrusted economic responsibility,this paper analyzes the audit of investment and financing platform in L County,and analyzes the process of debt audit from the stage of audit plan,the stage of audit implementation,and the completion stage of the audit.It is found that the investment and financing platform has some problems,such as the deficiency of the accounting value of the assets,the weak sustainable development power,the high risk of the debt paying ability,the high risk of the use of the loan funds,the serious super budget standard of the project,the unconformity of the project bidding and so on.Investment and financing platform audit audit independence is limited,risk assessment is not enough,control test execution is not appropriate,ignore the application of analytical procedures.The main reasons are the lack of supervision system of the investment and financing platform,the lack of the audit organs,the lack of risk oriented auditing consciousness,and the lack of attention to the internal control procedures.Therefore,the government,financial institutions,audit institutions and investment and financing platforms work together to improve the audit efficiency and effectiveness of the audit by perfecting the regulatory system,strengthening the financial credit audit,optimizing the audit scheme,and improving the internal control.