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Integrated Financial and Procurement Audits for Bank Financed Projects - The China Experience

Jingrong He's picture
Also available in: 中文
Supreme Audit Institutions (SAI) for Bank financed projects have carried out financial and procurement audits. In Poland, this initially started more than a decade ago and there have been several other examples over the past years in other countries.

By the end of FY16, China National Audit Office (CNAO), the SAI in China, had successfully completed its third year of integrated financial and procurement audits for 27 Bank financed projects and accounting for 28% of the total active portfolio of China. This is a big leap from only 3 projects in the first year of FY14.

Rome was not built in a day. CNAO has been the external auditor of all Bank-financed projects in China since 1984. It conducts project audits in accordance with the Government Auditing Standards of the P.R. China and the International Standards on Auditing. The Foreign Funds Application Audit Department and the Audit Service Center of CNAO, and the Provincial Audit Institutions conduct audits on Bank financed projects and issue the audit reports in their names. There are about 120-130 financial audit reports submitted to the Bank every year. CNAO's audit reports not only include the auditor's opinion on project financial statements, they also include opinions on procurement compliance as this is an important aspect of the review of the eligibility of expenditures. This procedure is in full compliance with the Audit Law of P. R. China, which requires auditing of authenticity, legality and beneficial results of the budgetary revenues and expenditures or financial revenues and expenditures of public funds. It was under this context that in FY 14, we started piloting the use of CNAO for integrated financial and procurement audits in some Bank-financed projects.

财务及采购联合审计的中国经验

Jingrong He's picture
Also available in: English
最高审计机关对世行资助的项目开展财务及采购联合审计已有先例。12年前波兰审计署开始了此类联合审计工作,其他国家也有类似经验。

截止2016财年,中国的最高审计机关,国家审计署已经成功地完成了第三年试点的27个世行资助项目的财务及采购联合审计。项目数量占中国在执行项目总数的28%。 与开始此尝试的2014财年完成的3个试点项目相比,项目数量方面是一个大的飞跃。

罗马不是一日建成的。1984开始国家审计署就作为世行资助项目的外部审计机构开展审计工作。审计署根据中国的政府审计准则及国际审计标准开展项目审计。审计署的外资利用审计司、外资审计中心及省级审计机构负责世行资助项目的审计及以他们的名义出具审计报告。每年递交给世行中国代表处的审计报告大约有120-130份。审计署的审计报告不仅包括审计师对财务报表出具的审计师意见,通常也会提供针对采购合规性审查的意见,因为这是费用合格性审查的一种重要方面。这样的审查流程完全符合中国的《审计法》,法律要求对公共资金的财政收支或者财务收支的真实、合法和效益,依法进行审计监督。在此背景下,2014财年开始,世行中国代表处采购部联合国家审计署开展世行资助项目的财务及采购联合审计。

Fighting corruption in Vietnam: the question is how, not why

Ngan Hong Nguyen's picture

It’s difficult to do a background check of a company based in a foreign country with operations overseas.

It’s difficult to check to see whether a document is falsified or not.

It’s difficult to …

I heard a lot of that from the audience of the workshop on World Bank’s Anti-Corruption Framework & Common Integrity Risks in World Bank-Funded Projects in Hanoi recently. Majority of the participants were project managers and procurement staff from Project Management Units managing World Bank-funded projects.

Presentations from the Bank’s Integrity Unit show that corruption increases costs, reduces quality, delays impacts on poverty, creates public disgrace and even generates social instability.  For a person who often has to look at results of development projects like me, corruption eats into the meager meal of the ethnic minority people in the northern mountainous areas of Vietnam, takes education away from girls in learning age, and lower the quality of hospitals for old people in Mekong river delta.

Travelling great distances to improve lives of rural Solomon Islands communities

Alison Ofotalau's picture
Map courtesy of Wikipedia through a Creative Commons Attribution-Share Alike 3.0 Unported license.

Taking development to the outlying provinces of Solomon Islands is not an easy ride. I found this out when going on a site visit to the Rural Development Program (RDP) at the country’s far western province of Choiseul.

At the Northwest region of Choiseul province where the island faces open waters that span to the Micronesian archipelago of the Pacific lies a village called Polo. The Polo community has a primary school that was established in 1957 when Solomon Islands was still a British Protectorate, prior to independence in 1978. Since its inception, the Polo school never had a permanent classroom building until two years ago when through the RDP participatory process, the community identified the school as their main need.