Integrated Big Data Audit with Internal Control Audit to Dig up the “Swindlers” behind Social Security Funds Misappropriation ()
ABSTRACT
Social security fund is highly time-efficient and changing with policies, which
attaches great importance by the government and gathers the public attentions.
Therefore, it always arouses social concerns. In this paper, we explore the
method of combining big data audit with traditional internal control system
audit. The internal control audit system has been applied throughout the whole
process of major funds for people’s livelihood auditing including social
security funds and housing provident funds etc., which has reached the full
coverage supervision of the data information of capital flow, business flow and
personnel flow. The two aims of detecting problems and plugging loopholes have
been achieved. In the case study on the pension fund audit that unified
organized by National Audit Office, our bureau investigated and handed over a
case clue of a huge amount of social security funds misappropriation by using
the dual combinations method. It has attracted the great attention of the
municipal government and the attention of all walks of life and promoted the
further improvement of the management system and mechanism as well.
Share and Cite:
Jiang, B. (2021) Integrated Big Data Audit with Internal Control Audit to Dig up the “Swindlers” behind Social Security Funds Misappropriation.
Journal of Financial Risk Management,
10, 545-552. doi:
10.4236/jfrm.2021.104028.
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