Print This Page Email This Page
Auditors to Strengthen Audit on Foreign Aid, Loans Projects

China's National Audit Office (NAO) announced on Friday that it would step up efforts for auditing projects funded by foreign aid or loans, especially those concerning environmental protection, people's livelihood and sustainable social development.

The NAO said in its five year work plan running between 2008 and 2012 that it would also carry out audits on the country's dispatched agencies overseas to better its financial and accounting management system.

"The country should endeavor to improve auditing of the activities including product purchase for aiding foreign countries, constructions and capital management, in a bid to raise the capital use efficiency," said the document.

The NAO also vowed to undertake regular auditing of the country's banking, securities and insurance industries within next five years.

Chinese auditors also planned to set up a resource and environmental audit and assessment system by early 2012.

(Xinhua News Agency July 12, 2008)

Related Stories
- China to Audit Use of Funds, Goods in Earthquake Relief
- Audit Body Vows Closer Scrutiny
- China to Audit Energy Consumption in Gov't, Large Public Buildings
- National Auditor Checking Into Land Transfer Fees
- Chinese Auditors Find Massive Irregularities in Rural School Funding

Print This Page Email This Page
Two Major Environmental Programs Set Examples for World
China Launches 3rd Scientific Expedition to North Pole
Rural Medicare Covers 91% of Population
35 Chinese Firms Make Fortune List
Green Light for Plan to Boost GM Crops
Graduates Facing Huge Pressure in Finding Jobs

Product Directory
China Search
Country Search
Hot Buys