China Revises Audit Law Implementation Regulations to Strengthen Oversight

Dragon Media News Desk

China has issued revised regulations on the implementation of its audit law, further strengthening the framework for supervising public finances, state-owned resources and government accountability. Chinese Premier Li Qiang signed a State Council decree promulgating the revised regulations, which will take effect on December 1.

The revised regulations contain seven chapters and 64 articles and are designed to refine and improve the country’s audit supervision system. They further clarify the scope and content of audits covering fiscal revenues and expenditures while expanding special audit investigations to include the management and use of state-owned resources.

A significant provision is aimed at protecting the independence of audit work from improper influence. Under the revised regulations, unwarranted attempts to inquire about or interfere with audit matters must be formally registered and reported, providing an institutional mechanism to safeguard the integrity of the auditing process.

The regulations also clarify responsibilities for addressing problems identified through audits. Departments under the State Council and local authorities at all levels are required to strengthen coordination, oversee corrective measures and establish or improve relevant systems to prevent identified problems from recurring.

The revised framework is expected to further institutionalize oversight of public finances and state-owned resources while strengthening accountability and follow-up mechanisms for problems identified through China’s audit system.