Performance Audit: The Development Conditions in China
https://doi.org/10.26794/2587-5671-2023-27-4-80-92
Abstract
At the present time, performance audit has become a major work responsibility of auditing institutions in the world. In China, as the reform of national governance and financial modernization progresses, performance audit has received increasing attention, but it has still not been truly implemented. The purpose of this paper is to identify that influence the development of performance auditing in China. The relevance of the problem is evidenced by the growth of research in the field of public audit and performance audit in recent years. The author reviewed recent publications on this topic by Russian and Chinese authors. In the paper apply the research method to analyses keywords in the State Council Audit Report of China 2011–2021. A wide range of methods of information analysis is used. The results of the research lead to the following conclusions: the basic orientation of China’s performance audit is to supervise and serve the country’s governance; the audit field is inclined to the environment, resources, people’s livelihood, etc.; the audit content transitions from fund management and use to policy implementation and project management; audit evaluation standards increase equity and environmental friendliness on the basis of “3E” (economy, efficiency, effectiveness); audit methods highlight modern tools such as big data auditing. The attention and promotion of performance audit by the legislative authority is an essential requirement for its growth in China.
Keywords
performance audit,
influencing factors,
keyword research method,
audit content,
audit method,
performance audit orientation,
basic condition
JEL: M40, M42, L32
About the Author
Y. Liu
Saint Petersburg State University
Russian Federation
Competing Interests:
Russian Federation
Yali Liu — Postgraduate Student, the department of Statistics, Accounting and Audit
Saint Petersburg
Competing Interests:
The author has no conflicts of interest to declare
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For citations:
Liu Y. Performance Audit: The Development Conditions in China. Finance: Theory and Practice. 2023;27(4):80-92. https://doi.org/10.26794/2587-5671-2023-27-4-80-92
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