The Research For Auditing Control Of Government-invested Project

The quantity of government-invested construction projects increased rapidly under the advancement of market economy system. The government-invested projects played an important role in social and economic development process, which attracted more and more the focus from the society. Under the traditional engineering audit mode, post audit leaded the audit conclusion lag, the role of the audit can only be revealed problems, and unable to prevention and control beforehand; Examination scope mainly confined to engineering audit, financial audit, and legal compliance, but less on social benefits of the construction project. Therefore, the traditional audit mode is facing a severe challenge, so enhanced audit control and supervision of investment project is urgently.Audit control is checking and supervising the process of construction, and let the project develop in expected, achieving and improving the value and benefits of the project finally. They bear important responsibility, need to eliminate adverse effect and gain accurate information resources timely. This article took "a tennis center project" completed final accounts as a case of analysis object, discussed about budgetary estimate execution, bidding procedures, management and use of construction funds, and completion examination. The present situation and deficiency of China’s engineering final accounts audit were unable to grasp the total investment of the construction project, against assessment project budget implementation, etc. There had big difficulties and audit risk for the auditors under the circumstances of long construction period and no project settlement audit or settlement formalities. In addition, the construction projects involving people’s livelihood should be focus on the social benefits and economic benefits, and made the government investment performance evaluation into the audit control.Finally, this paper put forward stage audit control implementation to major government investment project, the project construction process was divided into preparation stage, implementation stage and completion stage, then carry out the audit control respectively, and find out and correct problems timely; If the government investment construction had special long construction period, and each section be accepted separated, they can use periodic final accounts of the completed project audit control; The construction projects involving people’s livelihood should be focus on the investment performance evaluation.This paper is divided into six parts, the main content of each part are as follows:The first part is introduction. This part mainly elaborated the research background, the implications of the research, the research framework and the main method in this paper. In recent years, the scale of government-invested construction project expanded unceasingly, the government need audit control to standardize the project operation, realize and increase project value and benefits.The second part is literature review. The aspect of literature review introduced both foreign and domestic research results, and summarized some typical point of view.The third part is the theoretical basis of audit control. This section defined the audit control, periodic audit control and periodic the final accounts of the completed project audit, and introduced the engineering audit control produce basic theory, control theory, system theory, public entrusted economic responsibility and rent-seeking theory.The fourth part is case analysis and audit control suggestions. This part introduced the basic situation of the audit case "a tennis center project" and the reason why choosing this case to carry on the analysis. Then analyzed the problems found during the final accounts of the completed project audit, and pointed out the present situation and the deficiency of our country government investment construction project audit.The fifth part is policy suggestions for government-invested construction audit control. Important government-invested project can execute stage audit control, periodic the final accounts of the completed project audit can be used if the investment scale is large and the construction period is long. Audit institutions can strengthen the audit quality control by means of reasonable configuration audit resources.The sixth part is the outlook for the future. In order to improve efficiency and effectiveness of the periodic audit control, the Government departments should establish and improve the related laws and regulations, and confirm intervention time and depth of the periodic audit control. In addition, the government audit institutions should public audit results, and accept the supervision of general public.This paper mainly used normative research and case analysis method, through the analysis of the case and the present situation and the deficiency of our country government investment construction project audit, the author suggested executed stage audit control for major government-invested project. At the same time, the audit institution should pay attention to the government-invested project performance evaluation, and made the audit work center of gravity from the traditional only pay attention to accounting legality and compliance transferred to the economic benefit and social benefit after the project implementation.The main contributions of this paper were:executed stage audit control for major government-invested project. If the government investment construction had special long construction period, and each section be accepted separated, they can use periodic final accounts of the completed project audit control. In addition, the construction projects involving people’s livelihood should be focus on generated social benefits and economic benefits, and made the category of investment performance evaluation into the audit control.The limitations of audit control in this paper:Firstly, theoretical depth is not enough. The author’s theoretical level is shallow, so the article’s theoretical foundation appears weakly, it need to strengthen the theoretical depth and breadth. Secondly, in engineering audit control process, the audit institution should choose the key project for tracking audit. Because the related theory and practice experience was lack, and the construction project had great differences, audit tracking control operation should be adjusted according to the different characteristics of the construction project. This paper still stayed at the theoretical level, failed to put forward a concrete suggestion and theoretical basis for audit control.