Regarding no calling for public bids as required by regulations, it has required strict implementation of relevant regulations about governmental procurement. Regarding holding conferences beyond the set plan, it has required stepping up management of conferences. Regarding no specification of project budget, it has required further strengthening budget management in future, specifying the budget to specific projects in budget preparations and enhancing the effect of the use of budget capital. Regarding inconsistency between the records and reality of assets and lending out office building free of charge, it has required standardization of verification and management of fixed assets and adjustment of relevant accounting records and the final accounts (draft). Regarding irregular collection of training charges, it has required rectification of the erroneous acts and strict implementation of relevant regulations. In respect of the problems found in the audit, CNAO recommends: BRC should further standardize the use of budget capital, use budget capital in strict accordance with the usage, scope and standard of expenditures as prescribed in the budget. It should boost the management of funds for training charges and labor services and standardize the statements of expenditures and experts’ process of reimbursement of funds. It should intensify asset verification and management to ensure the truth and accuracy of asset verification. IV. Rectification of the problems found in the audit Prior to the audit, BRC conducted self-check and rectified part of the problems found in its self-check. BRC is now organizing rectification of the problems found in the audit. Regarding self-regulated use of budget capital, its affiliated Banking Regulatory Bureaus of Hebei and Jilin have already adjusted relevant accounting records. Regarding no incorporation of information systems into records, BRC at its own level has incorporated the self-developed information systems into records. The specific rectification results will be made public by BRC. Annexes: 1. Chart of Overall Situation of BRC Fiscal Appropriation Budget Implementation for the Year 2014 2. Chart of Fiscal Appropriation Budge Implementation of Focus-audited BRC Units for the year 2014 Audit Results of Budget Implementation and Other Fiscal Revenues and Expenditures of China Securities Regulatory Commission for the Year 2014 Pursuant to the provisions of the CNAO Audit Law of the Republic of China, People’s conducted an audit from Jan. to March 2015 on the budget implementation and other fiscal
Regarding no calling for public bids as required by regulations, it has required strict implementation of relevant regulations about governmental procurement. Regarding holding conferences beyond the set plan, it has required stepping up management of conferences. Regarding no specification of project budget, it has required further strengthening budget management in future, specifying the budget to specific projects in budget preparations and enhancing the effect of the use of budget capital. Regarding inconsistency between the records and reality of assets and lending out office building free of charge, it has required standardization of verification and management of fixed assets and adjustment of relevant accounting records and the final accounts (draft). Regarding irregular collection of training charges, it has required rectification of the erroneous acts and strict implementation of relevant regulations. In respect of the problems found in the audit, CNAO recommends: BRC should further standardize the use of budget capital, use budget capital in strict accordance with the usage, scope and standard of expenditures as prescribed in the budget. It should boost the management of funds for training charges and experts’ labor services and standardize the statements of expenditures and process of reimbursement of funds. It should intensify asset verification and management to ensure the truth and accuracy of asset verification. IV. Rectification of the problems found in the audit Prior to the audit, BRC conducted self-check and rectified part of the problems found in its self-check. BRC is now organizing rectification of the problems found in the audit. Regarding self-regulated use of budget capital, its affiliated Banking Regulatory Bureaus of Hebei and Jilin have already adjusted relevant accounting records. Regarding no incorporation of information systems into records, BRC at its own level has incorporated the self-developed information systems into records. The specific rectification results will be made public by BRC. Annexes: 1. Chart of Overall Situation of BRC Fiscal Appropriation Budget Implementation for the Year 2014 2. Chart of Fiscal Appropriation Budge Implementation of Focus-audited BRC Units for the year 2014 Audit Results of Budget Implementation and Other Fiscal Revenues and Expenditures of China Securities Regulatory Commission for the Year 2014 Pursuant to the provisions of the Audit Law of the People’s Republic of China, CNAO conducted an audit from Jan. to March 2015 on the budget implementation and other fiscal
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