China to Strengthen Supervision over Social Security Funds

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Thursday, June 08, 2000, updated at 16:08(GMT+8)

Business

China to Strengthen Supervision over Social Security Funds

Audit institutions at all levels in China will further enhance audit supervision over social security funds and budgets raised by relevant financial departments, according to news resources close to State Audit Office.

The audit system will step up efforts to audit and supervise payments in connection with social security and especially the problem of unwarranted diversion in this field. Special audit and audit investigation will be conducted to look into those enterprises in heavy debts. Meanwhile, audit institutions will further enhance surveillance over financial assistance from the Central government and social security funds that have been transferred to insurance finance.


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	Audit institutions at all levels in China will further enhance audit supervision over social security funds and budgets raised by relevant financial departments, according to news resources close to State Audit Office.




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