A comprehensive guide to China's public, private, and internal audit
system
Study on the Auditing Theory of Socialism with Chinese Characteristics
provides a comprehensive overview of China's auditing practices. Recent
years have seen the National Audit Office of China (CNAO) making
remarkable headway not only in China by guaranteeing the healthy
operation of the economy and society and improving national governance
through government auditing, but also in the international arena by
carrying out audits with the United Nations. With constant development
in the practice, an audit theory with socialist Chinese characteristics
has taken shape, centering on the premise that government auditing
serves as the cornerstone and safeguard of national governance. At the
XXI INCOSAI held in 2013 in Beijing, the theme of "national audit and
national governance" proposed and chaired by CNAO, was met with
widespread approval by participants from over 160 countries, and led to
the endorsement of the Beijing Declaration, which makes it a priority
and target for audit institutions to promote good national governance.
To explore the nature and development of government auditing, this book
probes into the history and reality, and theories and practices of
auditing in various countries, and puts forward the assertion that, "as
a cornerstone and important safeguard for national governance,
government auditing is an 'immune system' endogenous within the
synthetical system of national governance, with functions of precaution,
revelation and defense." Furthermore, China's socialist auditing theory
has been elaborated in nine aspects, nature, functions, goals, features,
methods, management, framework of regulations and standards, IT
application and culture, covering the new concepts, methodologies,
techniques and achievements of China's government auditing. This book is
highly relevant, practical, and readable. Jiayi Liu, the chief author,
is the Auditor General of China and the current Chairman of INTOSAI
Governing Board. In 2013 he won the United Nations Peace Prize in
recognition of his auditing work for UN peacekeeping operations.
