China's chief auditor meets with U.S. counterpart on boosting audit cooperation

10:20, July 17, 2011      

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Liu Jiayi, head of China's National Audit Office (NAO), has held talks with his U.S. counterpart, Comptroller General Gene L. Dodaro, to discuss the role of auditing in state governance and ways to enhance bilateral cooperation, a statement released by the NAO said on Saturday.

Liu, currently on a three-day work visit to the U.S. Government Accountability Office (GAO), told Dodaro on Friday that the NAO, like any audit organs in other countries, plays an important role in the management of state affairs through supervising execution of power, exposing corruption and preventing crimes, according to the statement.

He said that, regardless of the difference in the model and organizational structure of audit agencies in different countries, auditing remains an important part of the state governance. It has immunizing functions that contribute to safeguarding democratic rule of law, national security, sustainable economic development and legal interests of citizens.

Dodaro briefed Liu on the new GAO strategic plan, which focuses on three main areas: paying close attention to issues related to homeland security, education and medical care; producing proposals on solving problems in certain high-risk sectors and upgrading systems that need reforms, and helping protect the healthy operation of the economy and society through oversight of the use of funds in high efficient manner.

The two agreed to increase bilateral audit cooperation between the two sides in future. Liu also gave a speech entitled The Role of Auditing in State Governance, to more than 100 GAO staff and representatives from U.S. financial and economic circles.

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