Research On Closing Audit Of Public Project Under PPP Mode

With the slowing down of China's economic growth and the increasing of local government debt pressure,using PPP mode to carry out public projects is becoming an important means to adapt to the “new normal” economy and relieve the pressure of local government debt.The PPP mode is called “Public-Private-Partnership”.The National Development and Reform Commission(NDRC)defines it as “The benefit and risk sharing long-term cooperative relationship to enhance the supply capacity of public goods and services and improve the efficiency of supply.between government and social capital through franchising,purchase services,equity cooperation”.Since 2014,the Chinese government has vigorously promoted the application of PPP mode in the field of public infrastructure,but there are also problems associated with it.If we want to ensure the quality and quantity of PPP project to be built and run smoothly,it is essential to carry out closing audit for PPP projects.However,as far as the current practice is concerned,the closing audit theory of public projects under the PPP mode is not perfect.Therefore,it is imperative to study the closing audit of the PPP project.Firstly,study the status of PPP mode audit at our country and abroad,summarize the research results of scholars,combine the Value of Money theory and the trustee responsibility theory,and define the concept of PPP project and project closing audit.Explain the development of PPP mode in China and summarize the development status and characteristics of PPP mode,then make a comparative analysis on the closing audit of the public projects under the PPP mode and the traditional mode.Secondly,according to the actual situation of the case,this article compares the differences between the traditional mode and the PPP mode,finding that the difference between the two mainly resting with the investor,the debtor,the project implementation process and the cost of the project construction.Then,according to the differences between the two modes,we find out the key points of the closing audit of the public projects under the PPP model,including the way of the project procurement,the contract conclusion,the management structure,the quality of the construction and so on.On this basis,it sums up the risks that should be paid close attention to in closing auditunder PPP mode and the main contents of audit.Finally,according to the relevant scholars' experience on the research of PPP mode audit and the exploration of the PPP mode audit,author puts forward some suggestions on strengthening the closing audit of the PPP project,mainly from the audit subject,the form of the audit organization and the time point of the audit intervention.And put forward some ideas on the closing audit of the case "Erhai lake pollution interception project".Lastly,reach conclusions and suggestions,hoping to be helpful to the construction of closing audit theory of public projects in PPP mode.