Local Government Financing Platform Audit Problems And Countermeasures

In recent years,our country is in the peak period of urbanization and speed up infrastructure construction,huge capital demand,investment and financing environment has changed dramatically,the mismatch of the local government financial powers and responsibilities to the local governments have strong financing needs,and how shall not the name of the government ban on debt,local government financing platform under the background of such arises at the historic moment,one is higher and higher in the capital market.However,local government financing platform in operating management,investment and financing has many nonstandard problems,especially the bad debt financing problem is particularly prominent,lead to back heavy debt burden of local government,according to Treasury data,by the end of 2016,China's local government debt is 15.32 trillion yuan,the local government debt at 80.5%.At the same time,the local government financial growth in recent years,the government increasingly stringent supervision on local government debt in July 2017,at a national financial meeting,have made it clear that the rectification of local government financing platform,and clarify the relationship between the government and the platform as one of the goals of financial work in the future.These made by financial institutions as a "beacon" before the government financing platform faced with new challenges and transformation,at the same time,in view of the government financing platform for the government audit also exposed a lot of room for improvement.City investment company is a typical form of government financing platform,this paper takes YC municipal urban construction investment company as an example,the practical problems found in the audit practice put forward concrete,specific analysis and solution,and put forward targeted Suggestions,aimed at reducing the government financing platform audit risk,audit supervision,perfecting the financing platform from the audit risk orientation for the transformation of the government financing platform to provide valuable Suggestions.In addition to the conclusion,this paper is divided into five parts.The first part is the introduction,which mainly introduces the writing background and writing significance of this paper,and then forms the article idea,research method and basic framework on this basis.The second part of financing platform for the government audit related theory,mainly introduces the definition of government financing platform and development and the existing problems,and introduces the research status quo ofgovernment financing platform for the audit.Government financing platform audit corresponding theoretical part of the city as the research firm audit in the second part is the basis of detailed introduction,respectively is: public fiduciary duty theory,modern risk oriented theory,audit environment theory.The third part of this paper introduces the YC municipal urban construction investment company specific situation and problems of the audit,this part firstly expounds the basic situation of city of YC,including financial income and status in the province,at the same time introduces the YC municipal urban construction investment company's operations,finance,development situation.Secondly,the audit of YC city investment company is also introduced in detail,including the formulation of audit plan,the determination of the audit focus,the implementation of the audit procedure,the audit result and the conclusion.The fourth part of this article mainly introduced the FY city housing track audit existence question and its the main reason,the main problems are the audit focus is not prominent,audit mode is given priority to with post audit,audit strength does not match the audit tasks,review procedure is not rigorous.At present,the problems existing in the audit of government financing platform are unavoidable,and only the problem solving can be quickly developed and perfected.At the end of the paper,according to the analysis of reasons put forward countermeasures for auditing the government financing platform,and through a sound system of government financing platform audit,implement effective audit procedures,strengthening the construction of the audit team,focus on land assets audit and audit in order to perfect the government debt financing platform for the audit.