China to strengthen auditing amid major policy implementation

China will strengthen auditing to ensure public funds are not misused amid major policy shifts, a guideline from the National Audit Office (NAO) released Monday said.

The NAO will strengthen audits of major projects concerning people's livelihood, such as disaster relief, affordable housing construction, poverty elimination and environmental protection, Sun Baohou, deputy auditor general of the National Audit Office (NAO), said.

Auditing work will also be intensified to detect potential problems in sectors such as finance, state assets, energy and resources, the guideline wrote. It underlined the problem of local government debts and regional financial stability.

It said NAO will focus on the relocation of fiscal funds, approval of major investment programs, large-scale procurement, state asset transfer, land sales and related deals as well as loan grants and security transactions.