Research On Commissioned Auditing Of Government Public Project

Government investment plays an important role in promoting economic and social development. Along with the investment system reform, public projects have become the emphasis of government investment and increased rapidly. As the main public products, government public projects are essential for enhancing social welfare. Funded by the public taxes, they have become government's main goal to meet with people's demand of constructing public establishments at the least-cost. Therefore it has been the main objective for government to strengthen auditing supervision.Government audit and social audit are important components of audit system. It is essential for government audit to coordinate with social audit due to the lack of auditors. The main purpose of the study is to discuss on using social audit efficiently, combining audit resource, enlarging audit scope, and eventually improving the efficiency of public funds.This paper focuses on how to develop the commissioned audit by using social audit and achieve the innovation of government audit mechanism. Firstly, the paper analyzes the orientation and task of audit supervision in the supervision system of government public project, and points out the necessity of commissioned audit. Secondly, the paper reviews the theoretical origin of commissioned audit in the New Public Management theory and Finite Government theory. Finally, by reviewing the relationship of commissioned audit, the paper draws the conclusion that commissioned audit can greatly increase the independence of social audit because of adding the fourth audit part - national audit department.The paper also demonstrates that audit risk controlling is the key point for successful commissioned audit because the role of national audit department has changed from a rower to a steerer. The paper systematically analyzes the subjective and objective factors that influent audit risk, then brings forward the controlling strategies of audit risk in the macro and microcosmic levels.