Engineering audit project budget report Shenzhen project cost consulting

Project audit is based on the relevant provisions of the country's "Audit Law" and other relevant regulations. It examines whether the project outline and budget have been overspended during implementation, whether there are hidden funds, withheld infrastructure revenue and investment contract balances, and whether infrastructure investments have been privately distributed in the name of investment contract balances. disciplinary violations, etc. Auditing is based on infrastructure projects, with accountants and auditors as the main practitioners.
Project audits include two major types of project cost audits and completed financial accounts audits
Cost audits generally review the costs of individual projects and unit projects. The audit process is basically the same as Party B’s final account preparation process, that is, in accordance with Engineering quantity set quota. This is done by the cost engineer.
For construction units, since cost audit only reviews the contract cost of individual items and unit projects, the total expenditure of a construction project is composed of many individual items and unit projects, and there are also many expenditures such as early development costs, Project management miscellaneous expenses, etc. do not require a cost audit, so there is also a completion financial accounting audit, which means adding together all the expenditures approved by the cost engineer and those that have not been reviewed by the cost engineer to review whether there are unreasonable expenditures and whether There are phenomena such as crowding out construction costs and unplanned construction projects to determine the total cost of a construction project. This is done by a CPA.
Construction projects with government investment must undergo engineering audits. That is, all construction projects of administrative and public institutions must undergo cost audits and final financial accounts audits. Construction projects with non-governmental investment that are large in scale and involve many stakeholders must undergo project cost audits, such as real estate developed by housing development companies. Construction projects built by an enterprise for its own use shall be audited at the enterprise's discretion.