Urban Housing Government Audit Research

In recent years, a large number of the ordinary people feel that purchasing a real house isluxury, they have been unable to afford the high prices because the rapid development of the domestic realestate market and the highly rising prices of the houses. Under this background, the affordable housing hasbecome a common choice for the urban households. Affordable housing, which has the social securityattributes, is specially built for low-income families, it has the essential differences with the marketinghousing, including low-rent housing, public rental housing, affordable housing and limit commercialhousing. However, the affordable housing as livelihood projects always has various problems, in order tomake the affordable housing truly meet the needs of these low-income families, the government auditing isindispensable. Corporation C, as the principal construction body and capital investment unit of affordablehousing, also has a number of completed construction projects and under construction projects.Unfortunately, due to the incomplete government audit system, the insufficient auditing and the inadequatefollow-up supervisions, Corporation C was illegal to invest150million into a subsidiary with thecommercial nature in spite of the150million was loaned from related financial institutions for theaffordable housing construction, that subsidiary had used the loans to increase its registered investment,purchase lands for commercial development and do other violations about the affordable housingprovisions. As a conclusion, the government audit system for affordable housing is imperfect, thegovernment audit also should be strengthened.After analyzing these audit problems form the affordable housing construction of Corporation Cand reviewing related literatures on government audit about the provisions of affordable housingconstruction, this report would take these audit problems in Corporation C for example and divideproblems on affordable housing in china into the following four parts: the imperfect legal system ofaffordable housing, the government audit supervision on affordable housing was not timely, the uniqueaudit unit and the government auditors’ overall quality was lower.This report analyzes and researches the government audit on affordable housing from the goals,details, procedures, methods and other basic theories or fundamental applied problems about the government audit on affordable housing. Moreover, on the basis of government financial audit, aftercomparing with foreign audit experiences in funds management and equitable distribution, this reportanalyzes that how can we improve the government audit on affordable housing in order to meet people’sreal needs on affordable housing assumptions through making the auditing methods, auditing procedures,auditors and auditing system better. Ultimately, we get a conclusion that our country should improve thelegal system of affordable housing, organize and develop auditors on affordable housing, perfect theinformation disclosure system on affordable housing, strengthen the public and audit supervisions, etc.