Research On Risk-based Tracking Performance Auditing Mode Of Public Investment Projects

China's public project tracking benefit auditing is carried out late with limited scope and experience. The current research on public project tracking benefit audit from the audit profession is still on the system-oriented base. Since the auditing of system-oriented-based public project tracking benefit does not consider about the influence to the auditing quality from the risk factor, and lack of understanding of the auditing risk, so the auditing performance is low without the auditing emphases. The auditing work implies a significant audit risks. Modern risk-based audit mode is the current hot spot in the study of the auditing, which overcomes the defect of system-oriented auditing approach. However, mostly the current research result to the risk-based auditing approach is the certified public accountant's audit to enterprises' financial reports. Through analysis to the characteristics of the auditing of public project tracking benefits, the similarities and differences between risk-based tracking benefit auditing and the audit from certified public accountant's to enterprises' financial reports; combining with the status of our country's public project's tracking benefit audit, the writer plans to reform the current tracking benefit audit mode to apply the modern thesis-based ideas to the public project's tracking benefit audit and construct the auditing mode of risk-based public project benefit. Besides, the writer also set forth the detailed risk analysis and cognizance method according to the procedures of the mode; to research how to use this mode to allocate the audit resources to reduce the audit risk and prove the feasibility of the mode combining with cases sufficiently.This article includes the following six parts:Chapter 1, Introduction. The introduction of paper mainly expounds the risk-based project tracking benefit of public audit mode, and reviews the research status at home and abroad, and defines the question of research idea and method.Chapter 2, construction of the tracking benefit of audit mode in risk-based project, The chapter 2 of this paper introduced the theoretical basis (systems theory, strategic management thinking, risk management theory and public programs to track performance of auditing theory) firstly and compared the differences between benefit of public programs to track the financial audit and independent accountants in the audit report. The necessity and feasibility of the audit mode of building risk-based project tracking benefit of public was also elaborated in this chapter. Based on the above, risk-based project tracking benefit of public audit mode will be build.Chapter 3, Identification and assessment of the tracking benefit of audit risk in the public programs. In order to assessment and identify the risks and benefits associated, the chapters 3 of this paper firstly identify and analyze the programs which were included in the annual plan and benefits related to macro-strategic level, and benefits related to process analysis and identification of residual risks base on the understanding the basis of public projects.Chapter 4, The response of the tracking benefit of audit risk in public programs. Base on the identified and assessed risk, the chapter 4 of this paper determine the audit strategy and further to determine the time of involve in the tracking benefit of audit. The chapter 4 also makes response measures interrelated to the overall level of risk and determine the tracking efficiency changes in the audit process. Finally, it can complete the audit work through implement of measures.Chapter 5, Case analysis.The chapter 5 of this paper introduced the application of the tracking benefit of audit mode in risk-based project and analyzes existing problems through combining with a stadium project audits.Chapter 6, Conclusions.The chapter 6 of this paper describes the necessary and feasible on the risk-based audit of the public project tracking mode and further point out the limitations of the study and to propose follow-up recommendations of the study base on the above analysis.The innovation of this paper is that the modern risk-based concepts and practices were applied to tracking the benefit of audit in public project. At the same time, the tracking benefit of audit mode in risk-based project was constructed and the mode of application-specific was elaborated in detail, and further the case analysis was taken in this paper.