2011•Research of Finance and EducationRequires access

Government Audit Ideas In Responsing to Financial Innovation Risk

Rao Xi

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Abstract

Financial innovation is not only the driving force of financial development,but also an important incentive for financial risk.Based on the analysis of the causes of financial innovation risk,as the expansion and extension of the financial regulatory system,government audit has the characteristics of independence and comprehensive in response to the risk of financial innovation through establishing joint audit mechanism.It can improve the regulatory system of financial innovation and promote the development of financial innovation orderly and appropriately by building dynamic information system,establishing an effective mechanism for relief assistance and other relative means.

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What this paper is about

Financial innovation is not only the driving force of financial development,but also an important incentive for financial risk.Based on the analysis of the causes of financial innovation risk,as the expansion and extension of the financial regulatory system,government audit has the characteristics of independence and comprehensive in response to the risk of financial innovation through establishing joint audit mechanism.It can improve the regulatory system of financial innovation and promote the development of financial innovation orderly and appropriately by building dynamic information system,establishing an effective mechanism for relief assistance and other relative means.

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Available abstract

Financial innovation is not only the driving force of financial development,but also an important incentive for financial risk.Based on the analysis of the causes of financial innovation risk,as the expansion and extension of the financial regulatory system,government audit has the characteristics of independence and comprehensive in response to the risk of financial innovation through establishing joint audit mechanism.It can improve the regulatory system of financial innovation and promote the development of financial innovation orderly and appropriately by building dynamic information system,establishing an effective mechanism for relief assistance and other relative means.

Key concepts: Business, Financial innovation, Incentive, Finance, Financial risk, Audit, Government (linguistics), Financial regulation

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