Reflections on the Performance Audit of Public Works Investment

As the investment system develops, the pluralistic pattern of investment body comes into existence and the audit environment changes. The focus of public works investment audit has to transfer to the performance audit. With economy, efficiency and effectiveness as its main contents, the audit institution concerned should make a comprehensive appraisal of the construction cost and efficiency and the investment benefit in the work of performance audit. Both difference and connection exist between performance audit, benefit audit and financial and accounting audit. Efforts should be made to improve the traditional audit methods to adapt to the requirements of performance audit and to realize the objectives of performance audit