The Economic Responsibility Audit Of China Life County-level Company

In recent years,with the continuous advancement of China's economic construction,legal system construction and clean government construction,economic responsibility audit,as a special auditing system in China,is a manifestation of the socialist system with Chinese characteristics,which is conducive to raising the awareness of leaders' economic responsibility and strengthening leaders.We will fulfill our sense of economic responsibility in accordance with the law,improve the supervision and management system for leaders,and establish and improve a system for punishing and preventing corruption.In 2015,the General Office of the CPC Central Committee and the General Office of the State Council issued the “Implementation Opinions on Implementing the Full Coverage of Auditing”,proposing to implement full audit coverage of leading cadres in fulfilling their economic responsibilities,so that they should be tried thoroughly,and the trials must be strict and serious.Combined with the background of the special deployment of prevention and control financial risks and audit management system reform in the report of the 19 th National Congress,economic responsibility audit plays a decisive role in the state-owned financial central enterprises.In addition,economic responsibility audit is conducive to strengthening the control mechanism for leading cadres,establishing a sound accountability mechanism,providing reference for the selection of leading cadres;facilitating the awareness of leading cadres in law-abiding,strengthening the sense of due diligence;facilitating supervision And restrict the exercise of the power of leading cadres,thereby enhancing the integrity and self-discipline of leaders.China Life Insurance Company Limited belongs to China Life,which is the largest commercial insurance group in China.It has been listed in New York,Hong Kong and Shanghai.In 2003,it implemented the shareholding system reform and explored the establishment of a responsibility center system,which brings opportunities to China Life.It also brings huge risks and challenges.As the main entrance and exit of China Life Insurance Co.,Ltd.and the window of external service,the county-level company is the foundation of the company's development,but it is also a high-risk area for the company's business risks and problems.Conducting economic responsibility audits for county-level company managers is conducive to the company's standardized management and scientific development,and promotes the construction of world-class life insurance companies.At present,the auditing system of the economic responsibilityof the head office has been relatively perfect,but the level of economic responsibility auditing of provincial branches is still uneven,and the economic responsibility auditing practice is still in a process of continuous supplement and improvement.This paper takes the branch of the province B as a case to discuss the economic responsibility audit work of the county-level company managers of the China Life B province branch,and combines the relevant theory of economic responsibility audit with the practical application.The first part of this article is a theoretical overview of economic responsibility auditing.Based on the theory of entrusted economic responsibility and principal-agent theory,this paper focuses on the research on the economic responsibility audit related literature,and focuses on the basis,concept and audit content of economic responsibility audit,economic responsibility audit evaluation and The literature on the use of results,and a brief overview of the meaning and specific content of the economic responsibility and economic responsibility audit,pointed out that the economic responsibility audit has three functions of supervision,evaluation and assurance,as well as its basic objectives and specific objectives,and expounded the economic responsibility audit.The two major roles and the main features of the difference from other routine audits,finally introduced the specific procedures of economic responsibility audit,including the five major stages of planning,preparation,implementation,reporting and follow-up.After the above theoretical research,it analyzes the problems existing in the economic responsibility audit of the county-level company managers of China Life Insurance B Branch and the reasons for the problems,and lays the foundation for the suggestions.The second part of this paper introduces the status quo of economic responsibility audit of county-level companies in B provinces.This paper introduces the general situation of the branch of the province B,and gives a brief overview of the audit organization system,responsibilities,audit objects,auditing tools,etc.of the branch of the province,highlights several major auditing points,and lists them at the county level.There are several major problems in the company's economic responsibility work process,including: heavy audit tasks and insufficient auditing power.Off-site audit work is inefficient,the definition of economic responsibility is not clear enough,audit results are not fully utilized,and economic responsibility audit is left.There is still a lag in work.The reason for these problems is that there are certain defects in the construction of the audit team of the branch of the province B.The construction of theaudit informationization needs to be improved,the evaluation criteria for the economic responsibility audit are not perfect,and the relevant rectification system has not been implemented.Finally,in view of the problems and causes of the provincial branch company manager's economic responsibility audit work,the paper also puts forward corresponding suggestions,including the improvement of the economic responsibility audit legal system and the strengthening of the audit team of the B province branch.Construction,further improve the work of off-site audit,improve the audit evaluation system and define the definition of economic responsibility,and strengthen the use of audit results and audit rectification efforts.The purpose of this paper is to improve the relevant application theory of enterprise economic responsibility audit,and to explore the shortcomings of the economic responsibility audit work by exploring the economic responsibility audit work of the county-level managers of the B provinces,and provide relevant suggestions.