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.
General
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