specialauditinvestigations.docVIP

KPMG – BARENTS GROUP LLC 2001 NOVEMBER ADB CNAO AUDIT STANDARDS PROJECT Page  PAGE 5 of  NUMPAGES 5 SPECIAL AUDIT INVESTIGATIONS STANDARD ON CONDUCTING SPECIAL AUDIT INVESTIGATIONS Article 1 This Standard is formulated in accordance with the Basic Government Audit Standards of the People’s Republic of China in order to standardize special audit investigations conducted by audit institutions, timely provide governments at various levels with information about operation of the economy and promote macroscopic readjustment. Article 2 The term “special audit investigations” mentioned herein refers to activities of special investigation carried out by audit institutions according to the law in terms of particular issues that are relevant to revenues and expenditures of public finance. Article 3 Audit institutions at various levels shall conduct special audit investigations in accordance with their corresponding audit jurisdiction. Article 4 While carrying out special audit investigations, auditors shall abide by relevant government laws and regulations, make fair and objective evaluations, be practical and realistic, and safeguard secrets of the government and trade secrets of the investigated bodies. Article 5 Audit institutions may conduct special audit investigations into the following areas: Implementation of financial and economic laws, regulations and policies; Economic activities particular to various industries or trades; Collection, allocation and utilization of special funds; Other items for investigation that are assigned by people’s governments at the corresponding levels, uniformly organized by audit institutions at higher levels or determined by audit institutions. Article 6 Audit institutions should include items subject to special audit investigations in their plans to facilitate the management thereof. Article 7 To conduct special audit investigations, audit institutions shall form special audit investi