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China to establish full-coverage audit system by 2020

Updated: Dec 8,2015 5:32 PM     Xinhua

China will establish a full-coverage audit system by 2020 that matches the country’s governmental needs, according to an official document released on Dec 8.

The system will have a full coverage of public funds, state assets, state-owned resources and the economic responsibility of government officials, said the document released by the general offices of the Communist Party of China Central Committee and the State Council.

Full coverage is a guarantee of national economic security, economic restructuring, the rule of law and a clean government, said the document.

The document also stressed the importance of the independence and supervision of the audit system.

Personnel training, audit informationization and the integrated management of audit projects will be strengthened.

Seven provinces and municipalities including Jiangsu, Zhejiang and Chongqing were selected in 2015 to pilot the system.

In February this year, Premier Li Keqiang said supervision over state-owned assets and enterprises should be tightened to make sure no national property is taken by corrupt officials.