A Study On The Auditing Of China 's Government Major Project Investment

As the development of economy continues to accelerate in China, both of the government investment projects and the amount of money have increased year by year, the use of government investment projects have become a widely discussed topic in the whole society which challenging the country national audit. Timely adoption of this new follow-up audit approach is effective in improving the level of audit institutions, the return on investment and effective measures to protect the security of state-owned assets are not infringed which taken by the Chinese government. 2015 is the ending year to implement the "Twelfth Five-Year Plan" also is crucial year to implement reformation plan of the "Third Plenary Session of the Party’s eighth deployment". The central investment budget will exceed 436.7 billion in 2014 record and create a new height. Continuing to expand the scope of the follow-up audit applications and improve tracking quality of audit work are the tasks which we need keep making unremitting efforts to complete the task in our audit area. However, it is hard to avoid some problems and loopholes because China is still in the initial exploratory stage in follow-up audit. Making follow-up audit more mature and effective is the ultimate goal of this research.Take the national audit theory, follow-up audit theory, economic responsibility audit theory as a starting point, deeply analysis the theory of government investment projects theory and public investment performance evaluation theory aim to lay the theoretical foundation of follow-up audit. Secondly, summarized the status of implementation and specific methods of Chinese follow-up audit, by the case of Beijing-Shanghai high-speed rail, to explore the need to improve our follow-up audit from a practical point of view, find out solutions to strengthen our follow-up audit system in the theoretical and practical applications.