FREQUENTLY ASKED QUESTIONS
Investment projects are built first and then approved, and the examination and approval procedures are not standardized.
Split the project to avoid the approval of the superior unit.
situation
(1) Investment projects are built first and then approved, and the approval procedures are not standardized.
ABC Company submitted instructions for commencement of ion-exchange membrane caustic soda and PVC resin to the head office in March and July of 2012 respectively, but the project actually started on July 25th, 2065438. ABC Company's 40,000-ton melamine project started construction in March, 2065,438+03. The preliminary design of the project was approved by the head office in February, 65,438+05, and the start time was earlier than the approval time.
(2) Split the project to avoid the approval of the superior unit.
During the term of office of the general manager of a group company, there are many large-scale fixed assets investment projects. The audit found that ABC Company, a secondary subsidiary, divided the methanol project with a planned investment of 65,438+99 million yuan in 20 13 into an estimated methanol investment of 99.28 million yuan and an estimated investment of 998 100 yuan.
Audit method
"Common" audit methods include but are not limited to:
(1) Obtain the project approval materials, check the project approval process, and check the project submission time, approval time and specific implementation time;
(2) Obtain project information, check the specific contents of project implementation, and focus on suspected projects with similar project contents, critical approval amount, the same implementation time and the same implementer.
Investment execution
FREQUENTLY ASKED QUESTIONS
No project management proposal, project feasibility report, etc. , and there are design and construction problems;
The bidding procedure is not compliant and the contract signing is not standardized;
There are some problems in project management, such as imperfect management system, incomplete project data and inadequate file management.
Fixed assets have not been increased in time after reaching the scheduled usable state;
Financial accounting, such as revenue confirmation, expense capitalization and interest capitalization, is not standardized, which affects the accuracy of asset accounting.
situation
(1) No project management proposal, project feasibility study report, etc. At the same time, there are problems in design and construction.
ABC Company's caustic soda, PVC plant projects, toluene, ion-exchange membrane caustic soda and other projects have no management proposal, no project feasibility report has been compiled, the construction drawing before construction is incomplete, and the design changes frequently during construction, which leads to the increase of project cost and uncontrollable construction period, quality and total budget.
(2) The bidding procedure is not compliant.
A product project of ABC Company was awarded to a design institute, and the contract price was120,000 yuan, which reached the limit of public bidding, and no public bidding was conducted. During the bidding process of ABC Company's product B project, four units participated in the bidding, and three units voluntarily abandoned the bid before the bid opening. The company directly determined the winning bidder who did not abandon the bid, and there was no procedure for re-tendering. In 20 1 1-20 13, most of ABC's engineering projects and minor repairs were constructed and maintained by the subordinate units of the company's shareholders. Although the bidding procedure has been fulfilled, the auditors found in the bidding documents that the bidding agency is a bidding company under its parent company, and the leader of the bid evaluation team is represented by ABC Company. Most of the bidders are enterprises controlled by the parent company, so it is possible to formally bid.
(3) The contract signing is not standardized.
In the methanol project of ABC Company, the contract price is higher than the bid price. For example, Company A was identified as the winning bidder in the bidding for oxygen-making equipment, with the winning bid of $2.8 million and the contract amount of $2.876 million; Company B was determined as the winning bidder in the bidding for air separation equipment, with a bid price of 49.97 million yuan and a contract amount of 51.2000 yuan.
(4) There are some problems in project management, such as imperfect management system, incomplete project data and inadequate file management.
The process management of many engineering projects in ABC Company is not perfect, such as: the sewage treatment project has no budgetary estimate, preliminary design, bidding scheme and group approval documents, the design scheme has no review opinions and approval documents, the project schedule and investment plan have no approval, the disclosure records of design drawings are incomplete, and the project files are not timely and complete. Toluene project failed to obtain approval records, design condition disclosure records, project acceptance report, intermediate handover materials and quality supervision opinions, production preparation work outline, commissioning scheme and management system, and commissioning work summary and filing materials, project administrative license was not approved, external supporting production conditions agreement and other related materials were not provided, and there was no quality supervision registration notice.
(5) The fixed assets are not transferred in time when they reach the intended usable state.
The A product project of ABC Company was approved by the Group in March 2009. The estimated total investment is 10 1 1 100 million yuan, and the construction period of the project is 24 months. The project started construction in February of 20 10, and several sub-projects were completed one after another, reaching the scheduled usable state at the end of 20 12. By the end of 20 14, the total investment of the project was 770 million yuan, of which 239 million yuan had been fixed, and 532 million yuan was still in the construction account, which was not fixed in time.
(6) Capitalization of expenditure affects the accuracy of asset accounting.
The product project of ABC Company 20 12 1 1 month A has reached the scheduled usable state, and the workshop and key equipment have been pre-transferred to 635 million yuan. However, the equipment investment of 20 14 and 143.96 million yuan was transferred back to the construction in progress, and part of the raw materials used for production and the shared manufacturing expenses in 20 14 were included in the construction in the name of entrustment, totaling 654.38+68 million yuan. According to the information provided by the production workshop, the total output of product A is 20 127.9 1000, and the product qualification rate reaches 98.64%. Therefore, there is no basis for 20 14 to be included in the trial operation cost of the project under construction, which affects the accuracy of the current production cost accounting.
Audit method
Common audit methods include but are not limited to:
(1) Check the issuance and demonstration time of management proposal, feasibility study report, preliminary design and other preliminary materials, whether drawings have been obtained before construction, and pay attention to the quantity, content and reasons of design changes during implementation;
(2) Obtain the contract ledger, extract the contracts that reach the tender amount, obtain the tender information, review the tender documents, tender documents, records of bid evaluation process, bid-winning notice, and review the compliance;
(3) Select key contracts, and check whether the contract signing and approval process is compliant, consistent with the bidding scope, amount and specific standards, and whether the contract signing is standardized;
(4) Obtain the project management system and the list of archived materials, check the project files randomly, check the timeliness and completeness of archiving one by one according to the contents of the list, and check whether the process control is in place;
(5) Obtain the project completion acceptance data and commissioning data, confirm the time of putting into use, and calculate the depreciation amount by comparing the fixed assets handover time;
(6) Obtain detailed accounts and vouchers of projects under construction, check the expenditures included in the project cost, and check whether there are unclear and inaccurate funds and expenses; According to the project schedule and completion time, the calculation of capitalized interest is accurate.
Investment evaluation
FREQUENTLY ASKED QUESTIONS
The budgetary estimate of the project is not strict, and the expenditure control is not strict, which leads to exceeding the budgetary estimate;
Insufficient demonstration in the early stage, lack of funds, unreasonable design, and irregular management and implementation have led to poor benefits after the project is shut down or put into production, and even investment losses due to project failure.
situation
(1) The budgetary estimate of the project is not strict, and the expenditure control is not strict, which leads to the over-budgetary estimate.
Due to the imprecise budgetary estimate of the vacuum salt production project of ABC Company, the project still exceeds the budgetary estimate after many adjustments. The project started construction in 20 12, and the estimated investment is 263 million yuan, which will be adjusted to 292 million yuan in 20 13 and 320 million yuan in 20 14. The project was completed and put into operation in March 2005. It is estimated that the transferred fixed assets will be 370 million yuan, exceeding the initial estimate of10.07 billion yuan, and the over-estimation ratio will reach 40.68%. As of the end date of on-site audit, the final accounts of the project have not been completed.
(2) Insufficient pre-demonstration or insufficient funds, resulting in poor benefits after the project is stopped or put into production.
ABC Company's investment in PVC projects is inefficient. 20 10 June, ABC group began to invest 4.796 billion yuan to build PVC projects. After the project was completed and put into production, the overall benefit of the enterprise declined. From 20 1 1 to 20 14, the cumulative loss of the Agricultural Bank of China Group was10.07 million yuan. One of the main reasons is the lack of industry management experience and the lack of professionals in PVC field. After the completion of the project, long-term man-machine running-in is not in place; Second, the early design of PVC project is unreasonable and the equipment is not matched, which leads to more equipment failures after production and increases the operating cost of enterprises. By the end of 20 14, the cumulative repair cost of PVC project was 856,9438+0.3 million yuan; Third, due to the national real estate policy regulation and other reasons, the domestic production of PVC products is relatively surplus, and the actual production capacity of the project only accounts for 66.28% of the designed production capacity, resulting in higher product unit cost. In addition, the enterprise is located in the west, and the high transportation cost and financial cost caused by loan investment further weaken the profitability of the enterprise.
(3) due to insufficient investigation and demonstration, unreasonable design and other reasons, it has not been put into production or failed to achieve the expected benefits after completion.
The soda ash project of ABC Company started construction in August 2009. By the end of June of 20 12, it has invested19.36 million yuan, and the estimated total annual profit is 367 million yuan. The trial operation of the project started in August of 20 1 1 year, and the project is still in the trial production stage in June of 201February. Due to the sharp rise in the prices of major raw materials, the cumulative loss in trial production was 0.5 1 100 million yuan. The sodium chlorate project of ABC Company started construction in July 2008, with a total investment of 200 million yuan. It was completed in September 2009 and has the conditions for trial production. However, due to market changes, the product price and cost are upside down, resulting in the project being put into production at 20 1 1 and 10. As of the end date of on-site audit, the accumulated loss was 28,599,900 yuan. ABC Company purchased an Italian concentrated washing powder production line from June, 5438 to February, 2009. However, due to the market changes of daily chemical products, the production line has not been installed. By the end of 20 1 1, the book value of the production line was11655,600 yuan, and the impairment reserve was1735,500 yuan.
(4) Insufficient feasibility study, irregular management and implementation, leading to the failure or failure of technical transformation projects.
During XX's tenure, he mainly decided and implemented four projects: technical transformation of product A, technical transformation of energy saving and emission reduction of product B, technical transformation of 4000 tons of product C and technical transformation of product D. After inspection, the above projects generally have problems such as insufficient feasibility study and chaotic management.
For example, the technical transformation project of product A failed. According to the minutes of ABC [2010] No.33 meeting, ABC Company began to study the feasibility of improving the production process of product A, and in February of 20 1 1 year, the project was initiated to carry out product technical transformation. The partner is company D, which provides technology and equipment. The project started in March of 20 1 1 year and was completed at the end of April of 201/year. On June 20 1 1, the project passed the acceptance of the company's enterprise management department, safety and environmental protection department, production management department, technology center and technology management department. The trial operation results show that the extraction tower is invalid and the product yield is low. The main reason is the technical problems of partners. At present, the project is idle. As of April 30th, 20 12, the investment of this project is 3,449,438+ten thousand yuan. The feasibility study report of the project was not prepared, and the investigation, demonstration and design were not fully carried out. In the end, due to the technical problems of the partners, the project failed and the investment was lost.
Audit method
Common audit methods include but are not limited to:
(1) Calculate the actual cost of the project, compare it with the project budget, and analyze the reasons why the project exceeds the budget;
(2) Understand the implementation progress and operation of the project, obtain the financial revenue and expenditure data after the project is put into production, check whether the expected benefits are achieved, and analyze the reasons for project shutdown, production suspension or non-production, such as local policies, technical processes, design argumentation and other reasons.