亞洲開發銀行項目審計報告中管理控制資訊：基於在華項目的研究

Abstract

China National Audit Office (CNAO) provides audit assurance on PRC loan projects of ADB and issue the audited project financial statements (APFS) annually. This study examines the management control information to fulfill ADB’s requirements by using a sample of the APFS from (project years/fiscal years) 2015 to 2016. This study uses audit findings disclosure to investigate financial factors that might connect PRC loan projects to problems occurred. This study finds that, relative to non-disclosure, disclosure of audit findings is more likely for projects that are growing rapidly, executed by government departments, or lower current long-term debt ratio. This study also finds that audit findings related to ADB fund usage tend to happen in the projects with smaller budgets and lower liquidity. In addition, this study also suggests that ADB may wish to consider making further discussions with CNAO for “key performance measures” or “critical audit matters” in ADB loan projects. ADB may want to systematically collect recommendations/follow-up reports from CNAO. An ADB mid-term review team is recommended to establish for collecting the further information. The project managers may want to communicate with the ADB Independent Evaluation Department. Further reviews, if can be conducted, would be helpful in determining the materiality level of the problems and whether remedial actions are immediately required.