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■	Auditing Laws and Regulations in China

Auditor-General Li Jinhua reporting to the National People's Congress on June 23.

National Audit Office

■	National Audit Office

Auditor-General Li Jinhua delivered a report to the Standing Committee of the 10th National People's Congress on June 23. The report, which brought to light 1.4 billion yuan (US$170 million) of the 2003 budget that had been misused or wrongfully appropriated by 41 of 55 government offices, triggered a nationwide debate and concern over government efficiency and corruption.

News Update

■	China to Audit Senior Military Officers
■	CNAO Reveals Widespread Corruption
■	Land Ministry Fund Embezzlement Come to Light
■	Auditing Outcome on SARS Fund Released
■	Audit Report Reveals Weaknesses in Tax System

Violations

■	Report Sheds Light on Lax Bank Regulations
■	Official Misusing Education Funds Fired
■	Big Problems with Some Chinese College Cities
■	Audit: US$170 Million Misused in Budget
■	ICBC Lost 1b yuan in Bad Loans

Responses

■	Audit Report Fallout Stirs Public Interest
■	Stop Collusion of Officials
■	'Storms' Not Best Solution
■	Market Reform Vital for Banks
■	Reform to Bloom After Audit Storm

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