Research On The Mechanism Of The Government Audit To Realize The Trust Compensation In The Public Private Partnership(PPP) Project

Since the State Council launched the public-private partnership(PPP)mode in 2013,PPP has gradually become the mainstream mode of public project operation.PPP is a cooperation mode between the government and the social capital,the trust between the government and the private sector is the key to the effective operation of public and private cooperation projects,and the trust defects are the main reasons for the problem of trust and the low efficiency of the project.Combined with the relevant system,this paper discusses system,process and characteristic trust defects and the law of trust in public and private cooperation projects,and puts forward the basic ideas of the trust compensation,that is,to make up the trust defects,realize the trust compensation through the government audit,and control the level of trust in the reasonable interval.In order to confirm that government audit can achieve trust compensation,this paper analyzes the feasibility of realizing trust compensation in public-private partnership projects from two aspects:audit theory and the way of trust compensation.In order to make the government audit better compensate for the trust defects in public-private partnership projects,this paper constructs the trust compensation mechanism of government audit,which includes constructing the mechanism of feature type,system type,trust type trust compensation of government audit from theory,and exploring the way of trust compensation based on several types of audit business led by government audit;combined with the implementation process of trust compensation,explores the key factors influencing the operation of the trust compensation mechanism of government audit,such as audit requirements,quality of acceptance of audit results by project implementer,audit supply quality and application of audit results,and based on previous studies and theoretical analysis,finds 21 observational variables that represent four factors and the operation of trust compensation in audit,form a conceptual model of influencing factors,laying the theoretical basis for the empirical study of influence factors.This paper through the conceptual model of the influencing factors establishes structural equation model.The external variables are the four influential factors,the internal variable is audit trust compensation mechanism operation,and 21 items are set up for questionnaire design,among this,the internal variable' s design is based on the factors of trust in the PPP projects that have been collate combing with audit theory.The questionnaire is issued to the auditors from local governments and reclaimed,confirmatory factor analysis and hypothesis testing are performed on the model with recovered data.We obtain empirical results:(1)the reliability and validity of the internal and external latent variable measurement models and the fitting degree of the models are relatively high,that is,the measured variables obtained by the theory can explain the latent variables;(2)the fitting degree of the structural model is high,that is,the theoretical model can better reflect the relationship expressed by the data;(3)audit demand,quality of acceptance of audit results by project implementers and the use of audit results to audit trust compensation mechanism operation have direct significantly affect,auditing quality has no direct significant effect on trust but can indirectly sound audit trust compensation mechanism operation through the use of audit results.Finally,this paper analyzes the empirical results,and puts forward the realization of trust compensation needs more attention to the information needs of project implementers,and build a comprehensive information system to promote the effective operation of the trust compensation mechanism of government audit.