Research On Audit Risk And Risk Prevention Of Government Investment In Fixed Assets

With the rapid development of China's regional economy,the government is vigorously promoting the construction of fixed asset investment projects and has achieved a lot.However,this is accompanied with confusion in construction and corruptions.In the audit of these investment projects,the huge amount and wide scope of audit,and the great difficulties in and the high degree of social attention on it,as well as various uncertainties increase the risk points in auditing,thus raising the audit risk.This paper mainly studies how to prevent and control the audit risk of government investment in fixed assets so as to promote the auditing department to well manage people's pockets,thereby improving the performance of government-invested projects and the government's fund utilization efficiency.The theoretical basis of this paper is the audit theory of "immune system" and based on it,the research ideas and frame structure of this paper are determined.The author first consults a large number of relevant literature,conducted in-depth interviews with relevant workers who undertake the government-invested projects and then integrates,analyzes and extracts the obtained information to summarize various problems in the current investment audit such as lack of independence,laggard relevant laws and.regulations,increasingly complex audit objects,backward audit methods and technologies,low professional and moral quality of audit staffs,etc.Second,according to the theory of information asymmetry,the author concludes that the auditing department's disadvantageous position and information asymmetry in auditing may lead to moral hazards;according to the theory of path dependence,the author analyzes the historical reasons for the lack of audit independence;and then,the author analyzes the actual causes of audit risks from both subjective and objective perspectives.Third,according to his own work experience,the author takes Ejin Horo Banner in Inner Mongolia as an example to analyze the progresses made in the practice of audit for fixed asset investment and the problems existing in it,such as narrow scope of audit,limited means of law enforcement and management risks in hiring agents,etc.Meanwhile,the author also collects some advanced domestic and foreign audit practice and experience.Finally,the author combines the above-mentioned theoretical analysis with advanced domestic and foreign audit experience and tries to propose specific methods and ways to prevent audit risks from both theoretical and practical perspectives.For example,promote the conversion of audit system to a "legislative" one,refine audit laws and regulations,restrict the audited units with standardized system,strengthen internal control system of auditing department,innovate audit methods and promote the intelligent and information-based audit,guide healthy development of audit with strict disciplines,introduce a credit system to manage and constrain the recruitment agencies,and promote performance auditing and "big audit",etc.