The Audit Research Of Construction Projects In PPP Mode

After the economic development entering the new normal,our country is faced with multiple contradictions:fiscal revenue growth slowed down year by year,;the government burden is getting heavier and heavier.In order to cope with this situation,a large number of former government agencies,which were previously affiliated with the central government,became central enterprises and began to take the road of marketization.At the same time,the government needs to increase investment in infrastructure to stimulate the economy;to provide better quality of public services to improve people's living environment quality.PPP model came into being,become the current social concern hot spots.Public-private partnerships refer to a long-term relationship between government departments and social capital in infrastructure and public services.Usually,the PPP model is responsible for most of the work of design,construction,operation and maintenance by social capital and receives a reasonable return on investment through user fees and the necessary government fees;government departments are responsible for infrastructure and public services prices and quality supervision,at the same time through the audit organs or hire a third party audit institutions on the price of public services and quality audit supervision.However,the PPP project has many specialties compared with the traditional construction projects.Most of the PPP projects are infrastructure projects with long contract duration,large investment scale,strong grain recovery,long recycling period,relatively low income and higher risk.Usually up to 20-30 years;many of the related parties,different stakeholders between the pursuit of different goals and so on.Regardless of the audit approach or the audit focus,these characteristics determine the PPP project audit and regular construction project audit has a significant difference.Regular construction project audit is no longer applicable,need to continue to put forward new audit focus,explore new audit methods to deal with PPP project audit work.Based on the theory of principal-agent,incomplete contract theory and value-for-money theory,this paper analyzes the characteristics of PPP model by comparing PPP model with traditional engineering construction project,combining with the case of PPP in underground city of C city,This paper analyzes the problems and causes of the case in the course of the audit from the aspects of project preliminary project,feasibility study and analysis,'value for money' evaluation and financial capacity analysis,contract management,risk sharing and benefit distribution.Put forward targeted improvement methods,and then put forward feasible suggestions for future PPP audit.