XW Affordable Housing Project Audit Risk Management Research

Project auditing is a far-reaching impact on the national economy of the professional audit, it has its own law of motion, to correctly grasp the main points of the Project audit procedures necessary to understand the characteristics and construction projects. At the same time, the project audit is a complex systematic project involving numerous audit subject, the audit objects and audit content, we need to use more complex audit procedures and methods. With the rapid development of China’s economy, with a total investment community continues to expand, a lot of money to invest in large-scale engineering construction, but its discipline committed illegal phenomenon of repeated, serious damage to the interests of project stakeholders, in order to prevent such incidents intensified for major projects project tracking audit approach should be adopted.Based on the unique nature of the project itself, determines the project audit work has long audit period, the audit content large, strong economy, audit method is complicated, and demanding a wide range of audit and a series of features. Because of this, the project audit test facing many risks. Over the years, our institutions and personnel engaged in the project audit work, has been improving the quality of depth projects, reduce audit risk the most effective way. Among them, the risk-based audit and audit engineering organically combine to make risk-based audit process into the project, the advantages of the risk-based audit into full play, the entity and its environment through a comprehensive understanding to identify projects each stage of the high risk areas, audit risk assessment, and has since expanded to cut audit, the audit practice today is facing a major issue.This paper presents the research background and significance, first an overview of the project audit risk theory, presented the basic situation XW protect the housing project, and then the XW affordable housing projects conduct periodic audits to identify risk analysis, including the decision-making phase of the project feasible research, design phase, bidding phase, construction phase and completion phase and so on. Finally XW affordable housing project audit risk assessment methodology and to discuss how to deal with risk. Through the project from the project to project completion and acceptance of Audit in the entire process, to detect and correct the problem construction projects, promote the construction project specifications, orderly and efficient operation, the establishment of a project can reduce the risk of audit work system, hoping to provide some ideas for the practical work reference projects of the audit risk management.