Government Financing Platform Construction Project Tracking Audit Process Improvement

With the development of society,people's demand for the infrastructure and public welfare projects is getting more.Although government constantly increases investment in these areas,it is hard for the existing financial resources to meet the ever-growing need.Thus government financing platform has come into being and gotten a flourish development under the "four trillion" stimulus packageapproved by the State Department in 2008.A large number of projects were launched and the debt got expanding constantly.However,as the government platform ran for the public,took emergency measures and adhered to policies,the cost control in construction projects got particularly important.With the deepening of the audit,more and more problems incurrentauditing system has been exposed,including indistinct audit coverage,disordered audit procedures and confusing responsible parties.The ZhongSheGarden in this casestudy,invested by the state-owned financing plat formsubordinated to Yancheng Economic and Technological Development Zone Administration,covers a construction area of about 550,000 square kilometers with an investment of 800 million yuan.With such a large scale,it is also the resettlement housing project attracting high local attention and should be well controlled in schedule and quality.Aiming at build a harmonious community and meet local people's need,the ZhongShe Garden project strives to provide a nice and warm home for its residents.This thesis hopes to give an analysis of the imperfection in current auditing system and proposes some improving methods.Taking a case study of ZhongShe Garden,this the sisstarts with an introduction of concepts of government financing platform construction and the theory of follow-up audit process based on the sum-up of imperfections as mentioned above in current auditing systemthrough literature research,questionnaires and other methods,analyzes the follow-up audit in a full-process of initiation,planning,construction,settlement and so on,summarizes the problems in audit coverage,procedures and responsible parties and finally proposes how to define audit coverage and responsibilities based on the improvement in the follow-up audit process:to polish up the 6 major ones from more than 80procedures,includingauditing of follow-up full-process,pre-preparation,bidding,contract administration,construction management and project settlement;to redefine the audit coverage of each procedures such as project initiation,settlement and present a systematic improvement way;toreestablish the responsibility range of related partiesincluding constructors,designers,supervisors,aiming atclear out the responsibility shuffling and right interference.