A Research On The Issues Of Auditing And Monitoring For Public-renting Hounsing Project In China

China is vigorously carrying out projects of public-rental housing at present. There are10million units of security housings under construction, which is mainly in form of public-rental housing. And also, the public-rental housing is becoming to be the highlights of government's work. Especially in2010, the Administration of Audit announced an audit survey about the construction of public housing. It showed a range of issues which lead to inefficiency of projects, such as about14.623billion Yuan of security founds were not extracted in accordance with provisions, as150million Yuan of security founds were corrupted and misappropriated, etc. the project of public-rental housing have been involved with a large scale and importance of livelihood, which makes it significant and realistic to carry on some complete and effective auditing-monitoring measures to supervise public-rental housing program. However, because of a blank field in the audit theoretical research on public-rental housing project, this paper attempts to carry out theoretical research about the auditing-monitoring issues of public-rental housing project, as to guide the practices of auditors. First of all, the paper sorts related legal basis'on public-rental housing and it's supervision, and summarizes audit patterns of public-rental housing project abroad, which includes dynamic, whole process, all-around supervision, At the same time, it divinities the concept of public-rental housing and the audit of public-rental housing projects and also related theory basis'.Secondly, the paper analyses the current conditions of the development of the public-rental housing project and sum up the existing problems and auditing defects. Through an in-depth analysis, the author founds sex serious supervisory flaws on the existing Auditing patterns of public-rental housing project:lack of legal basis; the absence of capital supervisory; duplication of regulatory; lack of fairness regulation; negligence of accountability evaluation; vague standards for responsibilities of government.Finally, on the basis of existing auditing-monitoring defects of public-rental housing project, this paper has done a series of exploration and research. First, combined with earlier research, this paper makes a summary of the characteristics of auditing-monitoring for public-rental housing projects, which mainly concludes auditing objectives, auditing standards, auditing methods, auditing report and the use of auditing results. Then the paper builds an auditing model which is led by the government auditing and assisted by internal auditing and CPA. Then, it elaborates the key elements of auditing-monitoring from four stages, which includes project decision-making stage, the implement of project founds, the project construction and the follow-up operation, an also brings into the auditing announced system and government accountability system.