From Shanghai Daily: The state audit office has released a scathing report that shows misappropriated government funds totaling almost seven billion yuan (US$932 million) and the mismanagement of more than 37 billion yuan. The report, issued yesterday and posted on the Website of the National Audit Office, revealed budgetary loopholes in 49 central departments in […]
From People’s Daily Online: Chinese auditors have identified more than 9.3 billion yuan (1.2 billion U.S. dollars) of questionable loans in three top commercial banks, the National Audit Office (NAO) announced on Friday. The three banks are the Bank of China (BOC) ,the nation’s second largest bank, the Bank of Communications , the fifth largest, […]
After the National Audit Office found out misused $1.9 billion in pension funds and other government money , NAO also figured out the China’s Three Gorges dam has mis-management problem. From Forbes.com: A six-month investigation into the bill for China’s huge Three Gorges dam has unearthed widespread mis-management, state-run news media reported. The official Xinhua […]
From Businessweek: Auditors have found Chinese officials stole or misused $1.9 billion in pension funds and other government money, a state news agency quoted China’s chief auditor as saying Wednesday. Cases uncovered in the latest investigations stretched back to before 2000, Auditor General Li Jinhua said in a report to China’s legislature, according to the […]
From People’s Daily : A workshop to train senior auditors from African countries opened Sunday in south China’s island province of Hainan. As a consensus reached by China and African nations at the just-closed Beijing Summit of the Forum on China-Africa Cooperation, the workshop will greatly enhance the exchange and cooperation between the auditing departments […]
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