Peoples Republic of China
2006 Audit Report Issued
In June 2007, Li Jinhua, Auditor General of the National Audit Office of China (CNAO), presented his audit report on the 2006 central budget execution and other fiscal revenues and expenditures at the 28th session of the 10th National People’s Congress (NPC) Standing Committee in Beijing.
According to the report, CNAO’s audit focused on the enforcement of the Ministry of Finance’s central budget, budget execution by the central government departments and their affiliates, the management and spending of social security funds, financial resources for projects on natural forest resources protection, financial resources for migrants from the Three Gorges reservoir area, the construction and management of key Three Gorges water conservancy projects and toll expressways, income statements of the assets of three joint-stock banks, the implementation of economic accountability for leading members of eight central enterprises, and the performance of five central enterprises. The audit identified legal and statutory violations and substandard management in central budget implementation as well as issues with other financial revenues and expenditures that will be addressed through ongoing reform and enhanced management.
Various departments and units had addressed problems found during the previous year’s audit and had made improvements on 121 rules and regulations in response to the audit’s recommendations. As a result of audit findings, 106 major criminal cases were referred to the judicial organs and disciplinary and supervisory department for investigation and handling; 94 persons were arrested, indicted, or convicted; and 177 persons were punished by party or government discipline. The State Council has delivered a special report to the NPC standing committee on the rectification of the problems identified by the audit last year.
Book on the History of Audit in China Published
In July 2007, a press conference was held in Beijing to announce the publication of the English version of the History of Audit in China, which was edited by Li Jinhua, the auditor general of China. (The Chinese version of this book was published in 2003.) In keeping with INTOSAI’s motto, “Mutual Experience Benefits All,” the CNAO decided to translate the book into English to share the Chinese audit experience with international colleagues. Mr. Li will send a copy of the English version to the heads of all INTOSAI members in 2007.
To complete the book, Mr. Li and dozens of experts in history and finance throughout China worked for 4 years to collect and select materials. As a monumental work in professional and historical research, it covers the emergence and development of audit in every historical period spanning the thousands of years of Chinese history.
For more information, please contact the CNAO:
Fax: ++86 (10) 68 33 09 58
E-mail: cnao@audit.gov.cn
Web site: www.cnao.gov.cn