Research On The Audit Of Chinese Toll Roads And Audit Rectification

In these years, the construction of road in China has made great achievements. Especially, since the implementation of the "Loaning for Building Roads and Tolling for Repaying" and the preferential policy for attracting the folk investors to build road, toll roads have sprung up in every corner in China. Large-scale construction of toll roads have resulted in the rapid increase in mileage and promotion in grade, leading to the rapidly enhance in overall level of road. All these have played an important role in relieving the unbalanced traffic supply and facilitated the economic development greatly. However, because of the constant extending of toll road, the negative effects have been gradually exposed. To the local governments, the toll roads turn into "cash dispenser" and "money tree". Excess charges and overdue charges are common. Therefore, the author made an audit research on the toll road. In this paper, the research mainly involves the audit object and the application of audit results, do not relate to specific audit procedures. First, this paper discussed the significance of the audit research on the toll roads and defined the related concepts. Meanwhile, this paper reviewed the domestic and foreign scholars’research achievements, pointed out the blank of these researches.Second, based on the findings of the audit report published by the Audit Commission, some problems were found:toll roads were too big and toll stations were too many; there was a risk of debt because of the heavy debt burden; the toll period extended and fees raised; the state assets was lost, for the transfer of toll road concession was not standardized. And the social corruption bred resulting from the outstanding management issues of toll road. The Zhengzhou Yellow River Bridge was introduced in great detail in this case and was analyzed from the perspective of the audit.Again, combined with the basic audit goal, the legality of the presence of toll roads was analyzed, and the current non-compliance problems of toll roads were revealed. On China’s relevant laws and regulations of the highway system analysis, the current problems with the toll had something wrong with the defect and lag of laws and regulations of the roads, which were historical issues. Some proposals were offered for improving the current situation, aimed at toll road authorities.Finally, based on the case of Zhengzhou Yellow River Bridge, the difficulties of audit rectification was reflected, which were discussed. The paper introduced the relevant laws and regulations of China of the audit rectification and the ways of rectification of the major domestic audit practice. Based on the audited entity, the audit authority and the audit rectification, the specific reasons of the difficulties of audit rectification were analyzed.for the audit authorities and relevant government departments, some specific measures were taken to promote the implementation of audit rectification.