What is the content of the investment efficiency audit

Investment efficiency refers to the investment activities consumed or occupied live labor and materialized labor and the useful effect of the comparison, that is, the relationship between the investment activities consumed and gained. Investment efficiency audit is the activity of monitoring, evaluating and recommending the consumption and gain of investment activities. Based on this concept, the contents of an investment efficiency audit should include: (a) reviewing the correctness of the decision-making on the establishment of a construction project. Previous audits found that some projects feasibility study demonstration is not sufficient, geological exploration is not detailed, there is to cope with, go through the motions phenomenon, feasibility study report approval is irresponsible, hasty decision-making, the chief will is serious, which directly leads to the project layout is unreasonable, or pollution is serious, damage to the environment, economic efficiency is low, the loss of waste is staggering. Therefore, the investment efficiency audit must first of all on the construction project project decision-making audit, including review of the qualification of the exploration and design unit, whether the proposed scale is scientific and reasonable, whether the project site to meet the requirements of urban planning and environmental protection, whether the project demonstration is practicable and so on. (ii) Review of construction project estimates. Construction project estimate is approved in the feasibility study report within the framework of the investment estimate, the preparation of the project from preparation to completion of the cost of an important document, is the basis for controlling and determining the cost of the project. Review of the proposed budget includes a review of the preparation and implementation of the two aspects of the proposed budget, its main elements generally include: 1. Review of the cost of construction and installation works. 2. Review of equipment costs. 3. Review of the project, including land, seedling compensation, demolition and resettlement subsidies, construction unit management costs, survey and design costs, office and living furniture purchases, research and testing costs, production staff training costs, joint commissioning costs, interest on loans during the construction period, including other costs. 4. Review the implementation of the proposed budget. (c) Review the compliance and effectiveness of the use of construction funds. The use of construction funds throughout the construction project from preparation to completion of the whole process, good use of construction funds to improve the efficiency of investment has a very important role. Therefore, the audit of the use of construction funds should be based on the main line of the capital process, from the project to the completion of all aspects of the management and use of funds to start, its main contents generally include: 1. Review of the construction funds in line with the principle of earmarking funds, there is no misappropriation of funds. 2. Review whether the various claims are true and compliant, there is no unreasonable occupation of funds. 3. Examine whether the construction expenditure is real, and whether there is any problem of transferring funds after making false expenditures. 4. Examine whether the project settlement is compliant, and whether there is any problem of overcounting and overpayment of project payment. 5. Review whether the engineering expert consulting fees, business activity fees, advertising fees, sponsorship fees, etc. are real and compliant, and whether there is any problem of commercial bribery. 6. Examine whether internal receipt stubs are included in the financial accounts, and whether there is any problem of not recording various incomes, such as infrastructure income, and forming off-the-books funds. (d) Review the construction period and the reasonableness of reaching the designed capacity. The construction period of a construction project is divided into the designed reasonable construction period and the actual construction period, and the number of years to reach the designed production capacity is also divided into the designed number of years and the actual number of years. Under the premise of ensuring construction quality, the shorter the actual construction period is, the higher the investment efficiency, and similarly, under the premise of ensuring product quality, the shorter the actual years to reach the production capacity is, the higher the investment efficiency. Therefore, the following four aspects of the completed construction project should be reviewed: 1. through the design period and the actual period and the design of the production period and the actual production period of the comparative analysis, evaluation of the construction speed and quality of construction on the degree of impact on investment efficiency. 2. Evaluate the project cost through the comparative analysis of design estimate and actual completed investment amount, construction cost and unit production capacity investment. 3. Evaluate the profitability of the project after its completion and commissioning through comparative analysis of the payback period, financial net present value, internal rate of return and other economic indicators between the feasibility study and the actual investment. 4. Through the cash flow analysis, evaluation of the project's ability to repay the debt.