An Analysis Of The Theoretical Basis And Its Application Of Government Audit In PPP Project

China's economic development has entered a new normal,government departments need to deal with more challenges: fiscal revenue growth slowed at all levels,but the government also needs to expand the scale of investment in infrastructure to promote economic development;government debt coming peak,but the government also needs to provide more high-quality public services to improve people's livelihood.In PPP mode,the government chooses high-quality social capital using competitive negotiation way,by signing contract,they show the rights and obligations of their own.According to the contract,social capital is responsible for the majority design,construction,management and maintenance work of the project,and provide public services to the public.The government judges the performance of public products and service quality of social capital,then the government uses franchise or the necessary financial subsidies to cover the cost of social capital,but the government also needs to give on the price the public paid and the quality a supervision.The PPP mode in public projects,can make the current financial investment demand smaller for the government,and by transferring the assets the government can alleviate the pressure of government debt,making it a good way to deal with the current challenges.And it is sure to be vigorously promoted by Chinese government for a long time.This can be seen from the Ministry of finance,the national development and Reform Commission's policies since the end of 2014.However,the PPP model advocates the cooperation between the government and the social capital,and the initial investment of the project funds is mainly based on the social capital.The traditional government investment project audit is relying on the Audit Law to confirm the well use of financial fund,as for public projects,the project completion is the main focus of audit work.At present,the local audit institutions in the audit practice of the PPP project is still focusing on the final accounts.But the PPP project has changed the implementation process of the project sponsor and the nature of the project,if PPP projects' audit work still takes the accounts of the project as the main point,not only it is difficult to fit the characteristics of PPP mode,and it is also affect the actual effect of the audit work.In this paper,based on the immune system theory,the principal-agent theory and the theory of fiduciary duty,by studying the transfer of fiduciary duty in the PPP project,we find the theoretical basis of the government departments to carry out PPP project audit.Then the status of China's audit authority for PPP projects of government audit are analyzed,based on the analysis of our country government investment project and PPP project differences on the applicability of the audit of the project demonstrates that government investment in PPP project audit.Through the study of India PPP project audit work,and the differences in the implementation background of PPP project in India and China,demonstrates the applicability of India PPP project audit content to our country PPP project audit,and absorb the useful part of the.Finally,based on the actual situation of our country,draw lessons from the experience of the government investment project audit,combined with the audit practice of the PPP project in India,the completion of the PPP project to carry out the practice of government audit.In the part of practice and exploration,according to the characteristics of PPP project,this paper divides the indicators that audit need to pay attention to the three stages of project establishment,implementation and operation.In the phase of the project focused on the project's feasibility and authenticity;in the implementation phase of the project cost control and focus on the performance of the contract;in the operation stage,attention to the charge standards,project quality and performance as well as the exit of social capital.