Study On Risk-oriented Audit Model Of National Construction Project

As a result of the late establishment of China's audit system, the audit departments, which come forth in the form of the government supervisory body and against the background of reform and opening-up policy, possess a certain amount of administrative authorities. For a long time, people have been having insufficient understandings and paying less attention to the risks of the national audit. For the audit of national construction projects, the audited object is not only limited to account tables reported by the accounting units, but also different in the audit scopes and audit techniques from a certified public accountant. The national construction projects have different audit risk from the registered accountants in auditing the financial statements of business risk. From the current practices of construction project audit point of view, the audit we are doing now is not account-based, not internal control-oriented and certainly not risk-oriented. It still has a certain distance from the scientific paradigm. Fundamental construction investments are in high-risk areas. The author proposed through the analysis of national construction project audit risks, making use of the limited realistic conditions, learning from foreign advanced risk-oriented audit approach of the modern theory, applying the modern concept and thoughts of risk-oriented audit approach to the practical audit, extending the vision of the audit to the external environment of the audited units and construction projects, using the risk management throughout the whole process of the audit work, trying to build up a risk-oriented audit model of nation-constructed project. With a view to effectively allocate audit resources, the limited audit force should be focused on high-risk audit areas in order to reduce audit risk and to provide scientific and reasonable proposals to audit institutions to improve efficiency and quality of the national construction project audit.This thesis consists of the following six parts: Chapter 1 Preface, we point out the research background of the risk-oriented audit of national construction projects and the review of the related literatures from China and abroad, to define the scope of research questions and research ideas framework. Chapter 2 Setup of risk-oriented audit model of national construction project, first of all introduces the theoretical foundation - the theory and strategic management systems thought, risk management theory, compared the national construction project audit with the financial statements of an independent accountant audit, discusses the necessity and feasibility of setting up the risk-oriented model of nation-construction project audit, and on this basis, builds a risk-oriented audit model of nation-construction project. Chapter 3 Identification and assessment of national construction project audit risks, based on the basic overview of national construction projects, conducts a preliminary identification and assessment of the strategic decision of national construction projects; analyze the related flow of the national construction projects and the residual risk, identify and assess the risk at the general level and operational level. Chapter 4 Dealing with the audit risk of the national construction projects, in view of the previously identified and assessed audit strategy, determines the audit plan for the national construction project risk at the general level and the assertion level to complete the audit. Chapter 5 Cases, combined with the airport expansion project audit, introduces risk-oriented audit of the use of models and analyze the problems in the application. Chapter 6 Conclusions, derives from the above analyses the necessity and feasibility of risk-oriented audit model of nation construction project, points out the limitations of this work and gives suggestions for the future study.This innovative point of the article is to apply the risk management theory to national construction project audit, to draw on the risk-oriented strategic-systems audit approach model explored, developed and used by international accounting firms and to build a risk-oriented audit model for national construction projects and to analyze the specific audit case by using the audit model.