Abstract
Without considering the existence of third-party audit supervision and considering the existence of third-party audit supervision, the principal-agent model of major engineering audits between government and audit organizations was constructed. The analytical solutions under various hypothetical conditions were analyzed for the government. The optimal incentive policy for major engineering audits provides the basis. The analysis results prove that, the introduction of third-party units for audit supervision can effectively stimulate audit behavior, reduce information asymmetry, and create higher engineering quality and audit quality in the process of major engineering audit.
Highlights
With the rapid development of China's social economy, the proportion of major Ecological Projects in social fixed assets investment is increasing, especially since the reform and opening up
Objectively and accurately, in order to reflect and evaluate the audit work of major Ecological Projects on the basis of strengthening the internal control of project investment audit, it is necessary to introduce institutions or individuals that have no interest in audit matters to re-supervise government audit behavior, audit process and audit results
"Major project audit" refers to the use of appropriate procedures and methods by independent full-time audit institutions and auditors, taking major project audit activities as objects and in accordance with relevant laws and regulations or certain standards, To supervise, analyze and evaluate the economy, efficiency, effectiveness and fairness in the construction and management of major Ecological Projects, and to supervise the implementation of the public management responsibilities of the major project investment management bodies, In order to promote its improvement of project construction and management, we improve the performance of the use of funds to achieve a harmonious development of economic, social and ecological benefits of the whole process of supervision and evaluation activities, and make corresponding reports
Summary
With the rapid development of China's social economy, the proportion of major Ecological Projects in social fixed assets investment is increasing, especially since the reform and opening up. Summing up the previous research results, we can see that the audit of major Ecological Projects is basically carried out in accordance with the following procedures: the owner entrusts the relevant units to carry out the project construction, and the government entrusts the audit organization to audit the project It seems that the procedure and mechanism design are very perfect, but in the design of this mechanism, the audit institutions lack effective supervision or supervision in place, which makes the public have doubts about whether the project audit results are scientific, reasonable and objective and correct. The government entrusts the third party organization to carry on the supervision audit to the audit department, the purpose is to reduce the information asymmetry, in order to raise the audit department's effort degree, causes the project audit quality to obtain the obvious enhancement
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