Research On Auditing Project Selection Based On The Perspective Of Investment Auditing Transition

For over 30 years since the establishment of the new China audit system,investment auditing has been an important project of national auditing.In recent years,the scale of China's fixed asset investment has grown rapidly,and the reform of the investment and financing system has continued to deepen,the country's single investment subject has diverged,and the investment subjects and financing channels have become more diversified.The awareness of the rule of law and the awareness of people's rights have also increased,which raised higher requirements for investment auditing.Meanwhile the responsibilities and risks of investment auditing are gradually increasing.The contradiction between heavy auditing tasks and insufficient audit resources is increasingly prominent.The audit quality is difficult to guarantee and the auditing effect is worrying.Therefore,in the case of limited audit resources,the auditing agency must select audit projects and make full use of the existing audit resources to perform auditing supervision functions.However,the current selection of audit projects is not scientific,and it is difficult to balance the overall audit and highlight the key points.In the face of the new situation,new tasks and new requirements,the Audit Commission proposed to "promote investment auditing transformation and comprehensive development." Therefore,it is of great theoretical and practical significance to study the selection of auditing projects from the perspective of investment auditing transformation.This paper sorts out the internal motivation and external motivation of investment audit transformation,analyzes the function orientation of investment audit,and designs the audit project selection method from the perspective of investment audit transformation.The core of the audit project selection method is to construct an audit project importance evaluation system.In this regard,firstly,the importance of the audit project is determined by quantifying and evaluating the funds,the degree of concern,the regulatory environment,the performance of related units,the reporting clues and the illegal situation of the investment project.Second,identify the major pending projects based on the results of the importance assessment and include them in the audit plans.Based on that,the project content in the major pending projects will be further evaluated,the audit focus will be identified,and targeted audit resource will be assigned.For projects that are not included in the audit plan,the audit is conducted by means of internal audit and social audit,and the audit results are reviewed by the auditing agency.Based on the above discussion,this paper takes the selection of the final audit project of the auditing bureau of the A district of a city as an example to explore the feasibility and scientificity of the auditing project selection method under the perspective of verifying the investment auditing transition,and propose corresponding policy recommendations for the development and application of audit project selection methods.The study shows that the selection method of auditing projects from the perspective of investment auditing follows the principle of “comprehensive auditing,highlighting key points,reasonable arrangements,and ensuring quality”,which is in line with the current position of investment auditing functions,and can meet the requirements of full audit coverage,as well as to Highlight audit focus and ensure audit quality,in order to promote the full utilization and rational allocation of audit resources and improve the efficiency and effectiveness of investment audit work.In turn,the investment audit will be promoted to achieve “three transformations”,and finally the smooth transition and comprehensive development of investment audit will be realized.