Research On Follow-up Auditing Of G Sewage Treatment PPP Project

In recent years,China has been committed to the construction of infrastructure projects to improve people’s livelihood and achieve stead and sound economic development.As a result,China’s infrastructure projects are multiplying while their development is facing the dilemma of financial capital shortage.To solve this problem,the government introduced a model of PPP(government and social capital)that originated from abroad.PPP model is then widely used in various public projects.The implementation of PPP model can not only help ease the pressure of financial fund,but also play an important role in raising the efficiency and quality of project operation.Besides,the uniqueness of PPP model from general project makes government’s supervision on it inevitable.One of the important measures for supervision and management is to audit.However,most of current studies on PPP projects focus on the definition of PPP model and its investment and financing risk,while the study of auditing of PPP project gains much less attention.It is under such circumstance that this paper is written.With government auditing as starting point,this paper is written in accordance with the thinking pattern of finding,analyzing and solving problems.It is based on the methodology of document research,case analysis,induction and deduction as well as the agency theory,the theory of fiduciary responsibility and the Pareto Optimality.This paper firstly introduces PPP project,follow-up auditing and relevant PPP project follow-up auditing.Then it introduces the background and significance of research on follow-up auditing of PPP project.After referring to some related articles,the author conducts an analysis on the study of PPP project and follow-up auditing from home and abroad by using literature analysis.It has reached the conclusion that research on follow-up auditing of PPP project is far from sufficient and requires further study.Afterwards,the case of G sewage treatment PPP project is introduced and its basic information and specific contents of follow-up auditing are presented.Then it points out that the problems existing in G sewage treatment PPP project,such as insufficient audit law,incomplete audit content,inaccurate audit emphasis and weak audit capability during follow-up auditing process.Then the causes of these problems are explained,namely the lack of legal basis and audit professionals.Finally,by using inductive and deductive method,it puts forward corresponding operational countermeasures and suggestions based on the mentioned problems and causes,such as perfecting relevantlaws and regulations,highlightening emphasis in auditing process,improving auditor’s capability,giving play to government in leading auditing and integrating social auditing resources.By analyzing the G sewage treatment PPP project case and studying its specific follow-up auditing process,this paper makes up for the deficiency in PPP project follow-up auditing research and also helps to promote the pace of PPP project auditing legislation.In practice,it could provide some reference for other PPP project follow-up auditing.It is therefore a significant research both theoretically and practically.