required to urge relevant central enterprises to submit their reports as soon as possible and have timely examinations. In respect of the problems found in the audit, CNAO recommends: SAC should tighten departmental budget implementation, ensure the completeness, truth and accuracy of the preparations of budgets and final accounts (draft). It should strengthen the planning for and budget management of “three public expenses” and conference fees and tighten the control of standards and scopes of expenditures. It should strengthen management of the fiscal and financial revenues and expenditures of its affiliated units, intensify the building and management of IT application and perform the responsibilities of investors according to law. IV. Rectification of the problems found in the audit SAC is organizing rectification of the problems found in the audit. Regarding self-regulated use of budget capital without approval, its affiliated CMIF has returned 921,000 yuan to the original channel. Regarding 9.72 million yuan of governmental capital rights and interest not in place, its affiliated Chemical Industry Publishing House has increased governmental capital. The specific rectification results will be made public by SAC. Annexes: 1. Chart of Overall Situation of Fiscal Appropriation Budget Implementation of SAC for the Year 2014 2. Chart of Fiscal Appropriation Budge Implementation of Focus-audited SAC Units for the year 2014 Audit Results of Budget Implementation and Other Fiscal Revenues and Expenditures of General Administration Customs 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 revenues and expenditures of General Administration of Customs (GAC) for the year 2014, with focus on GAC at its own level and 2 of its affiliated units including Office Service Center and Center for the Purchase of Materials and Equipments (CPME), and carried out extended audit on other relevant matters. I. Overview GAC is a level-1 budget unit of the central treasury. The departmental budget is composed of the budget of GAC at its own level and the budgets of 63 level-2 units. The departmental 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