The Shenzhen Municipal Audit Commission receives directions from both the municipal government and the provincial audit commission.

Its major responsibilities include:
1) to implement national regulations and policies on audit work; to formulate relevant local regulations and measures; to formulate local audit standards;

2) to present audit reports to the municipal government, the provincial audit commission and other relevant departments; to make proposals on improving relevant laws and regulations;

3) to undertake the audit work for:
i) the budget performance and other fiscal balances of the municipal government;
ii) the budget performance, financial statements and extra-budgetary funds of each district government;
iii) the fiscal balances of all the departments/institutions of the municipal government;
iv) the assets, liabilities and balances of the city-owned financial institutions;
v) the assets, liabilities and balances of local state-owned enterprises and companies managing the city-owned assets;
vi) the balances of the state-owned assets in the joint ventures in which the state has controlling (or majority) stakes;
vii) the budget performance of the national construction projects in Shenzhen;
viii) the audit reviews during the whole processes of government-invested projects;
ix) the social welfare funds and other public funds managed by municipal government department;
x) upon the given authority from governing audit commissions, the balances of national and provincial department offices in Shenzhen, as well as the balances of loans, financial aids and donations from international organizations, financial institutions and foreign governments;
xi) other audit work assigned by relevant laws and regulations;

4) to present the municipal government with its budget performance reports; to present the reports along with other fiscal balance reports to the Standing Committee of the Shenzhen Municipal People's Congress on behalf of the municipal government;

5) to direct industry audits, dedicated audits and surveys for the performance of national financial policies and macro-economic controls;

6) to direct financial accountability audits for government leaders and state-owned enterprise managers during their tenure of office;

7) to handle reconsideration applications from audited units;

8) to direct and supervise local audit work; to supervise the performance of local audit agencies;

9) to direct district audit commissions;

10) to undertake other assignments given by the municipal government and other governing bodies.