Internal Audit Of The Railway Construction Project Thinking

It is a new project for internal auditing department that how to audit and supervise those strictly-required and massively-constructed railway construction projects ail-roundly and thus lower its risks and more effectively strengthen its function of auditing supervision. This paper, accordingly, with the aim of promoting its supervision power, analyzes the problems in current internal auditing of railway construction projects, summarizes experiences, and borrows effective methods home and abroad.Currently, internal auditing in railway construction projects mainly focuses on checking up its treasury management, financial revenue and expenditure, engineering budget and final account examination. It is still on the exploring phase of whole-course project supervision. The lack of auditing supervision of many aspects leads to unobvious effect on it. Therefore, the railway internal auditing department should clear its mind, improve auditing quality and broaden and deepen its internal auditing of these construction projects. Effect should be paid on the transformation of the current auditing system which focuses on authenticity and compliance to a modern one which concerns benefit and management, from post-auditing to in-process-auditing, from financial revenue and expenditure auditing to system basis auditing. Auditing should be centered on the improvement of the ability of management and avoiding risks. In addition, more constructive and foresighted suggestions should be proposed during auditing in order to put its functions of supervision, assessment and service into full play.