Starting in January next year, China will audit military
officers with the rank of lieutenant colonel or higher who are in
charge of army finance work, according to a regulation issued
Wednesday by the Chinese People's Liberation Army (PLA).
The new rule requires that senior military officers be audited
when they have held a post for two years, are scheduled to leave a
post or are being evaluated.
The military's auditing office will set up a special team in
charge of departments of auditing, personnel, accounting and
discipline inspection. The audits will cover annual budgets, final
accounts, other accounting work, income statements and balance
sheets.
The PLA Audit Office will audit top officers of all seven
military area commands across the country.
In the civilian sector, the National Audit Office (NAO) audits
government departments and large state-owned enterprises.
Earlier this year, the NAO issued reports indicating that it had
found instances of financial malpractice in the ministries of
railways, personnel and land and resources, and the Industrial and Commercial
Bank of China.
(Xinhua News Agency November 25, 2004)