Paper Keywords: infrastructure projects, financial audit focus

The financial audit of capital construction projects is an important form of economic supervision to standardize the investment behavior of capital construction projects and an effective method to do well the benefit audit of capital construction projects. As an effective cost control method, the financial audit of infrastructure projects has been widely used in the field of infrastructure projects, and achieved good results, reducing the waste and loss of funds and improving the investment benefit of infrastructure projects. This paper will analyze the key points of financial audit of capital construction projects.

With the development of economy and the further improvement of market economy, the investors of infrastructure projects in China tend to be diversified, and the change of interest pattern makes the financial audit of infrastructure projects imperative. The financial audit of capital construction projects is a very important form of economic supervision of capital construction projects and an effective method to do well the benefit audit of capital construction projects. As an effective means of cost control, financial audit of capital construction projects has played an active role in supervising investment work and improving project management and control, effectively improving the investment benefit of capital construction projects. The following will specifically analyze the key points of financial audit of infrastructure projects.

First, make clear the cost of infrastructure projects.

The focus of financial audit of capital construction projects is to find out the situation of various expenses first, which mainly includes several aspects: First, the source of funds for capital construction projects. Financial audit should clarify the source of funds for the project, whether the source of funds for infrastructure projects is justified, whether there is a funding gap in use, whether the funds can be guaranteed to be in place in time during the construction of infrastructure projects, and also audit the investment situation in the later stage of the project. Second, accounting. The financial audit of capital construction projects needs to calculate the financial revenue and expenditure of the project and check whether the financial revenue and expenditure are calculated according to accounting standards. Third, the use of funds. Whether the use of capital for infrastructure projects is carried out according to the budget and controlled within the investment plan. Whether it conforms to the norms of engineering construction, whether there is the phenomenon of overspending, misappropriation of funds or arbitrary waste in the construction process, and financial audit should be carried out in view of these situations. Fourth, financial vouchers. The financial audit of capital construction projects should also check whether the records of accounting books and financial statements related to construction projects are true, whether there are defects and whether the records are standardized. Fifth, it is necessary to clarify the relationship between creditor's rights and debts of infrastructure projects and do a good job in financial auditing of financial transactions during the construction process.

Second, review the signing and implementation of contracts.

The implementation of capital construction projects should follow the principle of concluding contracts before construction. Therefore, the focus of financial audit also includes reviewing the conclusion and implementation of contracts. First of all, it is necessary to review whether the terms of the contract meet the requirements of relevant laws and regulations, and whether the terms such as quota application, material supply, cost calculation, settlement method and liability for breach of contract meet the construction requirements. Secondly, it is also necessary to review whether the infrastructure construction related units strictly meet the requirements of the contract terms and whether they pay the full deposit, whether the prepaid materials and project funds of infrastructure projects are paid according to the time and amount stipulated in the contract, and these terms of the contract should be reviewed. Thirdly, it is necessary to review whether there is illegal subcontracting, review relevant financial information, and judge whether there is illegal subcontracting according to the flow of funds and accounting methods. At the same time, it is necessary to review the distribution of illegal interests.

Third, the financial audit in the process of project construction

The financial audit of capital construction projects focuses on the financial audit of various expenses incurred in the construction process to ensure the smooth completion of the construction project and the economic benefits of the project. It can be carried out from the following aspects: first, check whether the project payment of the construction unit is consistent with the payment of the employer, and check whether the funds of the infrastructure project are misappropriated and whether they are all used for construction projects. Second, the financial audit of capital construction projects should also audit the journal of the construction site and the income and expenditure of funds, and also review the reimbursement vouchers. Thirdly, it is necessary to check whether the profits of construction projects are controlled within a reasonable range to avoid the problem of too high or too low profits.

Four, the financial audit of capital construction project cost

The key point of financial audit of capital construction projects also needs to audit the project cost. First of all, it is necessary to examine whether the cost accounting of construction projects meets the requirements of the accounting system and whether the implementation of cost accounting is conducive to the management of infrastructure projects. At the same time, it is also necessary to review whether the cost collection, investment accounting and cost accounting of the project are legal and true, and whether the financial audit and internal management of all aspects of infrastructure projects are in place. Secondly, it is necessary to review the settlement of project funds, whether there are any cases of arbitrarily raising construction costs and changing construction contents, and whether there are false reports of project funds and repeated calculations that are not conducive to the settlement of project funds.

Verb (abbreviation for verb) Audit of other related projects.

(1) Audit the management of engineering materials, mainly including: timely inspection of equipment and materials in the warehouse, timely maintenance and maintenance of technical and quality problems, correct calculation of the actual cost of equipment and materials, and regular inspection of engineering materials. After the completion of the project, timely management of the return of surplus equipment, materials and supplies is also the key project of financial audit of infrastructure projects.

(2) The final accounts audit of infrastructure projects can be carried out from the following aspects: first, collect relevant final accounts audit documents, including project initiation documents, various engineering contracts, material procurement, various bidding materials, etc.; The second is to review the authenticity and compliance of the construction in progress, equipment value, installation cost and other expenses that constitute assets, and pay attention to whether the capitalization interest calculation is accurate; The third is the accounting treatment of excess or balance of materials and materials; The fourth is to make a physical inventory of fixed assets to ensure the integrity and accuracy of assets.

Conclusion of intransitive verbs

The fundamental problem of capital construction is engineering quality. In order to improve the investment benefit of capital construction projects more effectively, it is very beneficial to do a good job in financial audit. However, in practice, due to various reasons, there are many problems in the financial audit of infrastructure projects, which requires us to adhere to the principle of financial audit, actively introduce professional and technical personnel, and do a good job in the financial audit of infrastructure projects. Only in this way can we improve the audit ability, thus better ensuring the quality of infrastructure projects and creating a good environment for China's construction.

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