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China regulator recovers US$47 billion after audit review, warns officials to ‘keep their eyes open’

Summary:
[unable to retrieve full-text content]China’s auditing regulator said officials should “keep their eyes open” when conducting audits, after recovering more than 300 billion yuan (US billion) in government funds, the state-run Xinhua News Agency reported.The task of auditing this year will focus on fiscal expenditure, including implementing tax cuts and reductions, Xinhua quoted Hou Kai, auditor general of the National Audit Office, as having said at its annual meeting on Thursday.The National Audit Office recovered 304 billion…

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[unable to retrieve full-text content]
China’s auditing regulator said officials should “keep their eyes open” when conducting audits, after recovering more than 300 billion yuan (US$47 billion) in government funds, the state-run Xinhua News Agency reported.The task of auditing this year will focus on fiscal expenditure, including implementing tax cuts and reductions, Xinhua quoted Hou Kai, auditor general of the National Audit Office, as having said at its annual meeting on Thursday.The National Audit Office recovered 304 billion…
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