Discussion On Audit Cases Of Local Investment And Financing Platform

Local government financing platform generally refers to the economic entity that undertakes the project financing of government investment projects and has independent legal personality.It is generally established by relevant departments and agencies of local governments through financial appropriation or assets such as land and equity injection.The common types are cities Construction investment company,urban construction development company,urban construction asset manage company.In recent years,the attitude of the state policy on the financing platform of local governments has undergone a change from affirmation to cleanup in an all-round way.Under such circumstances,more emphasis should be placed on reviewing and supervising government auditing and supervision agencies in this field so as to enhance the quality of audit supervision.Under this background,according to the audit of YZCIC(YZ City Investment Company),this paper takes the audit of YZCIC as a case,specifically discusses the specific audit plan and the key audit contents used by the government audit,and conducts a specific evaluation of the audit quality through reasonable methods,The audit experience shows that it is of practical significance for the government audit of the investment and financing platform at this stage to provide a reference for the auditing agencies in other parts of China to audit similar local financing platforms under their jurisdiction.This paper first describes the research background and significance,and reviews the domestic and foreign scholars on the local investment and financing platform and the government audit related research,and then introduced the investment and financing platform government audit related concepts and theories,combined with the 2017 City Audit Bureau of YZCIC audit conducted a special case of audit,in-depth analysis of the YZCIC operational assets of the special audit,the special audit of debt risks and project investment performance of the special audit methods and the quality of their audit to use a certain amount of Method for evaluation.In the special audits of operational assets,three audit methods of verifying the authenticity of the assets,confirming the compliance of the land transfer and monitoring the independence of the enterprises were analyzed.From the audit integrity and the effectiveness of risk prevention,The quality of audit of YZCIC's operational assets audit shows that the expected risks,the risks of material misstatement and the risks of inspections are all low,and the overall audit objective has been achieved.In the special audit of debt risk,the paper studied the auditmethods of the three aspects of audit,operation level and solvency of funds,the use of funds raised,the comprehensiveness of debt risk assessment,the audit quality of special audit of debt risk The analysis shows that the special audit of debt risk has high audit quality.In the audit of project investment performance,the performance auditing in three stages of project investment decision-making,project implementation process and project implementation is discussed,and the performance audit of investment project is evaluated from the perspective of value chain.The research shows that the auditing of the city audit bureau is clear and reasonable The audit plan was reasonable and effectively achieved the goal of performance auditing.Finally,this paper summarizes the high quality audit done by the City Audit Bureau on the audit of the operational assets,debt risk and investment performance of YZCIC,especially the legal compliance of land transfer in the case,and the combination of external audit resources Comprehensive supervision of the debt risk and fine value chain theory in the performance audit of the three audit priorities for refining;the same time,it also reveals that in the government audit of investment and financing platform practice,we should focus on improving auditors on the operation of investment and financing platform Mode of understanding,strengthen the follow-up audit of the use of funds and in the performance of special audit program design should establish an internal accountability mechanism.Through the full text of the government audit of investment and financing platform for the study,I hope for the future auditing agency staff on the local investment and financing platform to provide an empirical reference for the audit.