Research On Follow-up Audit Of Government Investment Projects

In recent years,the scale of Chinese government investment projects has expanded continually.Due to the longer construction period,the larger amount,and many influence factors,traditional completion settlement audit is unable to meet the requirements.Follow-up audit of government investment projects was born at the right moment.Follow-up audit can remedy defects of traditional audit,take rapid action to problems of government investment projects,and provide targeted improvement measures.Implementing follow-up audit is an effective way for audit institutions to maintain financial funds security,enhance government investment benefit,and overcome various chaos situations in the project construction process.However,there are still some problems with the implementation of follow-up audit.In this paper,the follow-up audit case of the A county railway station to the county road project was analyzed,which enriches the research in related fields and provides some feasible experience for carrying out the actual work of follow-up audit.First,national and international related literatures of follow-up audit were reviewed and commented.Based on system theory,accountability theory,immune system theory,project life cycle theory,this paper summarized the characteristics of follow-up audit and the necessity of implementing it.Then,the contents,methods and processes of follow-up audit of government investment projects were explained and analyzed.Next,a representative case was selected.The problems and causes of follow-up audit of government investment projects were analyzed from audit basis,audit quality,effect of the rectification and other aspects.Targeted improvement suggestions were given from the aspects of laws and regulations,quality control system and opinion execution.To make the development of follow-up audit of government investment projects,the state,audit institutions and auditors must work together to promote the improvement of relevant laws and regulations and quality control systems,strengthen the enforcement of audit results.The analysis for this case could bring positive effects of enriching the follow-up audit theories applied to government investment projects,enhancing the relations of theory and practice,and promoting the continuous development of follow-up audit.At the same time,it provided some reference for the other basic audit institutions.