A Study Of Completion Final Accounts Of Government’s Projects:A Review Of Risk Oriented Audit Approach

With China becoming the world’s second largest economy,the Chinese government continues to increase investment in construction projects and strives to keep up with the pace of rapid progress in the market economy.Government investment projects are closely related to people’s welfare,which include a large number of people’s livelihood projects and become a hot concern to the mainstream media and social media.In the traditional government investment project completion audit,it is generally believed that the form of review is an after-audit,the audit object is reported after the acceptance of the relevant materials,the auditors sitting in the office can complete the work.So when the authenticity and integrity of the reported data become questionable,the audit evaluation of the objectivity and impartiality will be questioned by the outside world;In the traditional project completion audit,there are still some problems in the early construction of the project,the unreasonable audit resource allocation,the inaccurate audit risk identification and other issues,resulting in the completion of the final auditing.Therefore,this paper combines the risk-oriented theory with the traditional completion of the final audit to build a risk-oriented government investment project completion audit model,better identifying and assessing the completion of the final audit risk,which can improve the audit efficiency of the completion of the final accounts.This paper takes the BX water conservancy project of a city in Anhui province as the research object.The audit process of BX Water Conservancy Project is divided into six stages: feasibility study stage,project stage,bidding stage,construction stage and completion acceptance stage.The audit results are not implemented strictly from the project budget,the bidding procedure is in the form,Construction funds over-payment,the use of special funds chaos,not for engineering settlement audit and other issues to start the analysis.This paper analyzes the problems of the audit mode,the unreasonable allocation of audit resources,the low audit quality and the inaccurate audit risk identification in the course of the audit,through the thinking of the audit completion of the project completion accounts in the case.Based on the feasibility and necessity of applying the risk-oriented theory to the BX water conservancy project completion audit case,the author puts forward the objectives and principles of the risk-taking audit,and puts forward the specificity of the BX water conservancy project completion audit mode suggestions for improvement.Combined with the theory of risk-oriented audit,the audit work of the completion of this paper is mainly based on risk identification,risk assessment,risk response,audit report of completion accounts and suggestions for improvement.First of all,we should improve the existing audit model which is not only limited to the submission of information after the audit,but to enhance the completion of the project acceptance of the dynamic control,learning the whole process of tracking the successful use of audit mode and the implementation of the stage of tracking audit,but also to enhance the project in the feasibility study stage and bidding process normative to take strict management of the project;Secondly,the scientific evaluation of the audit program can constantly improve the audit quality to make up for audit deficiencies.In addition to the bidding procedures and the signing of the contract procedures to regulate,but also in a timely manner to improve the project in the project and bidding stage of the audit process,the completion of the acceptance of the use of fixed assets for real inventory,including strengthening the audit work personnel professional ability requirements.At the same time,we must strictly implement the optimized and revised audit program,and actively do a good job pre-trial preparation and accurate identification of risk,this audit risk will be divided into project management risk,contract execution risk,project change risk and project acceptance risk,Risk and engineering performance risk of six categories,improving the audit leadership and relevant responsible person accountability mechanism to enhance the audit team members of the work of discipline to correctly deal with the completion of the final audit risk;Finally,a reasonable allocation of audit resources will enhance the overall strength of the audit team.