National Audit Office

Promo film puts ministry in a bad light

The Railways Ministry has found itself in hot water again, with the National Audit Office's latest report on government spending saying it spent 18.5 million yuan (HK$22.7 million) on a promotional video without going through proper public tendering.

Friday, 29 June, 2012, 12:00am

Shoddy schools, grand offices

Widespread government overspending on vanity-driven construction projects in regions hit by the massive Sichuan earthquake in 2008 has been found by state auditors, who also exposed new quality problems at rebuilt schools.

22 Apr 2012 - 12:00am

Auditor to investigate the funding of rural schools

Rural school spending would be one of the National Audit Office's top three priorities this year, the agency said, following an outcry over a raft of deadly school bus accidents that have been blamed on a centralisation push.

10 Jan 2012 - 12:00am

Dodgy loans stoke fears of debt crisis

Five mainland banks, including Industrial and Commercial Bank of China, violated lending rules last year, according to a government audit. That is fuelling worries about a potential bad-debt crisis in the country's banking system.

28 Jun 2011 - 12:00am

Audit exposes problems at 17 key state firms

The National Audit Office has exposed extensive financial irregularities and corporate governance problems at 17 major state-owned enterprises, underscoring the lack of market oversight and discipline.

21 May 2011 - 12:00am

Audit reveals inadequacies at BOC

Bank of China says the National Audit Office's findings in an audit indicate that the lender's corporate governance and risk prevention ability still have room for improvement despite the implementation of a modern structure in recent years, while there are non-compliant operations in certain branches.

27 May 2009 - 12:00am

Audit exposes 4.2b yuan graft

The National Audit Office uncovered nearly 4.2 billion yuan in misused public funds at central government agencies during the first 10 months of last year, according to the latest audit report.

The report, released this week, said 88 officials were arrested in the same period in connection with abuses of public funds and another 117 were disciplined.

1 Feb 2008 - 12:00am

Anti-graft spending card system to be expanded

The mainland will expand a pilot corruption-prevention system this year by asking central and provincial government staff to use a special bank card for daily work expenses.

Under the system, civil servants must use the card to pay for business trip costs, daily purchases for their units and other expenses if they want to get reimbursed, according to the Ministry of Finance.

31 Jan 2008 - 12:00am

Top auditor's report details creative accounting by government offices

A new report by the country's top auditor has revealed how creative ministries and agencies were in handling government funds and keeping their books.

The National Audit Office checked into how 49 ministries and agencies implemented their budgets last year and found that improper use of funds was common.

20 Sep 2007 - 12:00am

Three Gorges contractors overpaid 488m yuan, auditor finds

Contractors working on the Three Gorges hydroelectric power project have been overpaid by about 488 million yuan, the National Audit Office said yesterday.

30 Jun 2007 - 12:00am

7.1b yuan in social security funds misused

Mainland's top auditor Li Jinhua has scoured government books over past year, tracking tens of billions in mismanaged money

The mainland's top auditor has uncovered the misappropriation of 7.1 billion yuan of social security funds in investigations across the nation following last year's crackdown on graft in Shanghai.

28 Jun 2007 - 12:00am

A watchdog happy to be on guard

Auditor-General Li Jinhua comes across as a rather scholarly man, despite the name he has made for himself airing the government's dirty laundry in public.

28 Jun 2007 - 12:00am

Irregularities revealed at three banks

The National Audit Office has uncovered irregularities involving 15.6 billion yuan at three listed banks during its inspection of their 2005 operations, highlighting the banks' weak internal control and supervision, especially on property loans.

28 Jun 2007 - 12:00am

Watchdog seeks independence

The mainland's public finance watchdog is on course to become independent of government in an effort to sharpen its teeth to attack corrupt officials, according to its chief.

Auditor-General Li Jinhua said in an interview that it was the global trend that national audit offices reported to the legislature rather than the executive.

25 Jun 2007 - 12:00am

Giving in to temptation biggest problem for auditors

Impartiality was difficult to achieve and resisting temptation the toughest demand made on mainland auditors, the head of the National Audit Office said in his first response to the death of a young assessor in Hebei.

Li Jinhua was yesterday quoted by mainland media as saying auditors faced many temptations and it was important to have a team that could resist them.

19 Dec 2006 - 12:00am