The function and role of audit 1. The function of audit is its inherent function. Audit has the functions of economic supervision, evaluation and verification. Among them, economic supervision is the basic function. (1) The function of economic supervision means supervising and being supervised. Audit economic supervision means that auditors check the financial affairs, financial revenue and expenditure and other economic activities of the audited entity, supervise whether the economic activities of the audited entity meet the established standards in accordance with relevant laws and standards, expose the economic behaviors that violate the standards, and propose corrective measures. The implementation of economic supervision must meet two conditions: first, the subject of supervision must be authorized and have the power to implement supervision. Second, there must be clear standards to distinguish between legal and illegal. With regard to government audit institutions, the Constitution authorizes state audit institutions to audit and supervise the financial revenues and expenditures of various departments and local people's governments at all levels in the State Council, as well as the financial revenues and expenditures of state financial institutions, enterprises and institutions. It can be seen that government audit institutions have the power of audit supervision. According to the relevant laws and regulations and the authorization of the unit leaders, the internal audit institution also enjoys the economic supervision right within the unit. For non-governmental audit organizations, they are legal organizations approved and registered by relevant departments, and independently undertake audit verification and consulting services according to law. The relationship between private audit institutions and audited units is entrusted and entrusted. When accepting the entrustment of the audited entity, non-governmental audit institutions must conduct audits according to law and issue audit reports. The audit report issued by non-governmental audit institutions has legal effect and bears legal responsibility for its correctness and legality. It can be seen that private audit also has the function of economic supervision.

I. The function of audit The function of audit is its inherent function. Audit has the functions of economic supervision, evaluation and verification. Among them, economic supervision is the basic function. (1) The function of economic supervision means supervising and being supervised. Audit economic supervision means that auditors check the financial affairs, financial revenue and expenditure and other economic activities of the audited entity, supervise whether the economic activities of the audited entity meet the established standards in accordance with relevant laws and standards, expose the economic behaviors that violate the standards, and propose corrective measures. The implementation of economic supervision must meet two conditions: first, the subject of supervision must be authorized and have the power to implement supervision. Second, there must be clear standards to distinguish between legal and illegal. With regard to government audit institutions, the Constitution authorizes state audit institutions to audit and supervise the financial revenues and expenditures of various departments and local people's governments at all levels in the State Council, as well as the financial revenues and expenditures of state financial institutions, enterprises and institutions. It can be seen that government audit institutions have the power of audit supervision. According to the relevant laws and regulations and the authorization of the unit leaders, the internal audit institution also enjoys the economic supervision right within the unit. For non-governmental audit organizations, they are legal organizations approved and registered by relevant departments, and independently undertake audit verification and consulting services according to law. The relationship between private audit institutions and audited units is entrusted and entrusted. When accepting the entrustment of the audited entity, non-governmental audit institutions must conduct audits according to law and issue audit reports. The audit report issued by non-governmental audit institutions has legal effect and bears legal responsibility for its correctness and legality. It can be seen that private audit also has the function of economic supervision.