Research On Decision-Making Audit Risk Of Government Investment Project

The construction of government invested projects is an important "handle" for the government to improve the efficiency of the use of financial funds and the quality of government services,an important "contact" for government management and market transactions,as well as a serious disaster area where problems occur,especially in the stage of project decision-making,with frequent chaos such as power and money transactions and performance projects.Scientific decision-making is the premise of reasonable determination and control of project cost,but in the field of government investment project construction,decision-makers are often driven by illegal interests to make "head slapping" decision for "image project" and "face project",leading to major decision-making errors,resulting in huge financial waste and irreversible consequences.In view of the above phenomenon,this study emphasizes that audit institutions should intervene in government investment projects in the decision-making stage,and effectively identify the risk of decision-making audit,which is conducive to the realization of "prior audit",and to ensure the efficiency of the use of public funds and scientific decision-making.However,through literature review,it is found that at home and abroad,the focus on decision-making audit of government investment projects is relatively low and the relevant theoretical research is very scarce.The overall audit research shows a pattern of "emphasizing after the event rather than decision-making,emphasizing enterprises rather than projects,and emphasizing finance rather than environment".Therefore,this research focuses on the risk factors and their mechanisms that affect the decision-making audit of government investment projects.Based on the review of relevant literature and the advice of consulting experts,combined with the decision triangle theory,the evaluation index system and corresponding research hypotheses are constructed,and the theoretical model of decision-making audit risk of government investment projects is established by using the structural process.In order to ensure the universality and adaptability of the research conclusion,the validity and reliability of the evaluation index system are determined by the test questionnaire.Finally,143 valid questionnaire data of government investment project decision-making audit related personnel in five cities of Jiangsu Province are verified and analyzed by spss22.0 and smart pls.The results are as follows:?The evaluation index system of decision-making audit risk has good adaptability;?From the perspective of the direct impact effect of the structural model,the quality,management level and personnel structure of the audit subject are the fundamental to avoid or control the decision-making audit risk;?From the perspective of the overall impact effect of the structural model,the improvement degree of laws and regulations has the most significant impact on the risk of decision-making auditthrough" Perfection of laws and regulations>management level of audit subjects>decision-making audit risk " and "Perfection degree of laws and regulations>internal decision control level of audit object>decision audit risk"two paths.This research can be used for reference to promote the process of decision-making audit risk assessment of Chinese government investment projects,improve the index system of project decision-making audit risk assessment,and improve the decision-making efficiency of government investment projects.Through the construction of scientific and perfect evaluation index system and evaluation method of government investment project decision-making audit risk,it will be beneficial to advance the audit work to the early decision-making stage of the project,improve the auditor's awareness of decision-making audit risk discrimination and prevention,break the "magic spell" of current government investment project decision-making audit risk control,and have high theoretical and practical value.