Study On Audit Risk Of Local Government Debt In China

With the rapid development of China's comprehensive national strength and economic level,local governments have increased their investment in infrastructure construction and public facilities to improve residents' living standards and comfort.Local debt to promote economic growth,enhance the level of public service has a lot of positive effect,but with the number of local government debt,scale,local debt burden pressure unceasingly is also increasing,in the process of local debt leverage and way,use direction and the efficiency of funds and other issues as well as the local debt risk is also growing.It is self-evident that local debt should be at risk.It not only leads to the damage of government image and credibility,but also causes financial crisis.Audit institutions as an effective supervision and control functions of local debt risk,the state and the given attaches great importance to the audit,as the local debt audit workload and difficulty of the increase,part of the audit behavior is inappropriate,the audit system not perfect,the audit plan is not enough scientific phenomenon,thus the audit also cannot reflect the situation of more objective and supervision of debt management.At present,the theoretical research on local debt audit in China is not mature,and there is not a complete set of local debt audit theory to guide the audit risk control.Therefore,this article through to the local debt audit risk related research,to strengthen auditing organs work practice has important theoretical significance,at the same time to strengthen local debt audit in our country development,the establishment of national government authority and credibility has important practical significance.The first part of this article research significance and background of the article has carried on the overall description of local government debt audit scholars both home and abroad related research of the important thoughts and generalizes the main innovative ideas.The second part enumerates the main theoretical basis of the article.The third part mainly introduces the present situation of local government debt audit and the specific performance of audit risk.Fourth part for case study in A selected object,A local debt audit work in all provinces and cities have more typical,based on the basic situation of debt and A 2011 to2013 in the requirements under the large-scale implementation of audit,audit analysis of the problems existing in the implementation process,and analyze the potential risk of audit.The fifth part summarizes the causes of local government debt audit risk.The sixth part,combined with the above analysis results,puts forward some Suggestions on the reference and feasibility of local government debt audit risk control from three main levels.