Study On The Completion Settlement Audit Of XY Constructive Project

These years,with the rapid development of Chinese economy,the increasingly amount of funds have been invested in domestic engineering constructions and corporate technical reforms.Along with international exchanges become common.And recently with the implementation of The Belt and Road,our domestic engineering construction is gradually becoming competitive in the global market with the fact that we undertake more and more international projects.As a consequence,the bill-of-quantity pricing mode substitutes for quota pricing mode.The Engineering construction is a complex systematic process.Completion settlement is not only an important part of project cost,but also a ground work of completion accounting and new fixed assets accounting.Enhancing the audit of completion settlement can keep a reasonable control on project cost and reduce the fund waste,frauds and corruptions during the construction.Based on the researches of completion settlement audit and current industry background,the essay thoroughly analyses and objectively evaluates the audit of completion settlement from the aspects of auditors,working methodologies and framework designs,audit contents and audit environment,looking forward to analyzing problems and causes of Company X's completion settlement audit.To begin with,this article states completion settlement audit related theories,explains its definition,functions,elements and factors in details,which lays the foundation for the analysis of XY's completion settlement audit.Then,the essay introduces Program XY and finds out its existed problems on completion settlement audit via theoretical approach and investigation method.Next,several causes of above problems are found,namely,the lack of audit methods,the incompletion of working systems,irrational allocations and passiveness of auditors and the inferior audit environment.The last part of this article puts forward solutions to enhance the completion settlement audit of Company X,after analyzing causes of its problems,so as to upgrade the quality of completion settlement audit,protects company's interests and raises investment benefits.To be specific,those solutions are,Solution I,reinforcing the routine audit of each program and searching innovative ways to optimize settlement audit methods;Solution II,improving working systems by establishing sound working policies,examination and assessment systems and feedback mechanisms;Solution III,strengthening auditing organizations via rationally allocating auditors and helping elevating auditors' professional skills;Solution IV,enhancing information exchanges between each party and purifying the environment of completion settlement audit by improving related laws.