Auditing In The Whole Process Of The Project Cost Under The Bill Of Quantities Mode

The most common problems are project investment runaway in China. In the project construction process, all the partners include the owner, the contractor, the supervision units have implemented national management program for the project, but the final project investment is often uncontrollable. The phenomenon is directly impact of investment control. this is because our construction cost audits are post audit, that are lack of the necessary prior supervision and control things. So the audit authority and the audit work are difficult to really play the role of supervision. Project investment audit is to review and evaluation the reality and legality of investment.For the development of construction market and following the standards of the international construction market, Bill of Quantities(BOQ) is carried out in our country.This prompted to shift from quota valuation to BOQ.For correcting project investment runaway, the audit authority must be implemented "Whole Process Tracking Audit" in decision making, design and bidding phase to promptly find the problem and avoid irreparable damage. The main measures are as follows:(1)Implementation of Whole Process Tracking Audit. The Whole Process Tracking Audit is an audit method which changes to prior supervision and the whole process of project from post audit. This approach can play an important role in project investment audit and improve investment efficiency to better achieve the purpose of cost control, project management.(2)Improve project cost audit system. The construction investment audit work requiredto establish a sound system of protection, so that it can make the audit work follow rules.(3)Strengthen to check the audit information. Project cost audit work was primarilybased on the projects information provided by the construction unit, so the reality and effectiveness of the information is very important for the audit work. In the course of the audit, strictly importance audit-related measures should be taken to review the quantities, which can effectively reduce corruption phenomenon, better protect the construction investment.(4) Improve the quality of project cost audit staff. Project investment audit work in thebuilding construction process occupies an important position, which relates the economic benefits and construction quality. So it is very important to further improve the quality of project cost audit staff to better adapt to the needs of audit work.