The Commissioner of Audit has completed Audit Report on the Accounts of the Macao Government of Year 2003 (hereinafter, “Report”), and made special review on the financial operation and management of the Macao Government in the past five years. The Commission submitted the report to the Chief Executive on October 20th as scheduled, which was further submitted to the Legislative Assembly by the Chief Executive.

The Commission audited the general accounts of Macao Special Administrative Region of Year 2003 formulated by the Financial Services Bureau and the accounts respectively formulated by the departments with financial and administrative autonomy and those only with administrative autonomy. The Commissioner of Audit, Choi Mei Lei, pointed out in the report that “the audit results confirm that the abovementioned financial statements appropriately demonstrate the asset and liability conditions ending 31st December 2003 and the annual revenue and expenditure accounts settled on 31st December 2003 in all material respects.”

The Commission also, through issuance of the Review on the Financial Operation of the Macao Special Administrative Region Government, examined the progresses made in audit work in the past five years and followed up the improvements in the deficiencies once found out with public department. The audit results demonstrate that the department has made considerable progresses in the financial operation and management through the concerted efforts by the two sides in the past five years.