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Faults found in use of funds

National
2009-9-15

ONLY minor irregularities had been found in the use of funds involving 76 reconstruction programs in regions hit by last year's major quake, China's National Audit Office said yesterday in Beijing. A total of...

Auditors do self-audits: now that's transparency

National
2009-9-3

STATE auditors caught dozens of ministries and central government agencies embezzling or misusing nearly 1.5 billion yuan (US$219.58 million) in public funds, according to a new report on 2008 accounts. For the first...

Auditor needs 'bite,' not 'bark'

National
2009-6-26

CHINESE lawmakers are pushing for the national auditor to "bite" when it comes to breaches of the law by government officials and agencies instead of delivering a "bark" that leaves no impression. Legislators said...

Auditors Uncover No Problems In Package

Business | Accounting, auditing and taxation
2009-5-19

CHINA'S National Audit Office yesterday said no major problems had been found by the end of the first quarter this year after it scrutinized the government's stimulus package. A lack of local support funds and...

Rewards for secret cash

National
2009-4-29

REWARDS of up to 100,000 yuan (US$14,647) are being offered to anyone who can offer information leading to the uncovering of secret funds held by government departments or organizations. Secret funds are income...

No major misuse of stimulus funds

National
2009-2-20

THE National Audit Office said it had not discovered any serious misuse so far of the 4-trillion-yuan (US$580 billion) stimulus package but vowed to step up policing to ensure economic and social stability. "I...

Auditors sharpen eyes on state spending plan

National
2008-12-30

CHINA will step up audits of new projects, state-owned enterprises and financial institutions next year to make sure the government's macro-control measures are effective in battling the economic downturn and preventing...

Watchdogs ordered to vet stimulus spending

Business | Macro-economy and policy
2008-11-25

CHINA took coordinated steps yesterday to combat potential waste and fraud in the implementation of its 100 billion yuan (US$14.7 billion) economic stimulus package for the fourth quarter. Two dozen inspection...

Audit uncovers waste of funds

National
2008-11-13

CHINA'S auditing authorities have discovered 22.7 billion yuan (US$3.32 billion) in public funds were wasted between January and October. And 112.8 billion yuan of public funds were allocated that failed to comply...

Auditor: Some quake funds, supplies misused

National
2008-8-5

RELIEF funds for the survivors of the May 12 earthquake in Sichuan Province were embezzled, drugs misappropriated, and relief supplies unusable - but not seriously, the National Audit Office has found in a nationwide...