China National Audit Office experts lectured on the topics of “The practices and thoughts of audit in the fund sector” and “China audit in the era of big data” during their visit in Macau

2015/12/01

The Commission of Audit (CA), in order to further fulfill the government guiding policy for constructing e-government and strengthening audit techniques, particularly invited the Deputy Directors of Electronic Data Audit Department and Monetary Audit Department of China National Audit Office (CNAO), Ms. Qin Ye and Ms. Li Xiaopeng, to give CA relevant staff lectures on theoretical knowledge and to share practical experience on two topics: the Electronic Data Audit Department’s operation, and the risk setting and management of government investment fund (finance), from 30 November to 1 December.

Ms. Qin Ye introduced to CA staff that the Electronic Data Audit Department of CNAO is responsible for obtaining, testing, sorting out the electronic data and assisting departments in analyzing relevant information, as well as collating, analyzing and utilizing the information between different departments. Moreover, she briefly presented the macro-perspective and concrete strategy on how to seize the opportunity in the era of big data to timely set up the computer technology facilities, expanding the collection of data and constructing a large database, in order to improve the audit monitoring ability.

Ms. Li Xiaopeng introduced the working situation of the Monetary Audit Department of CNAO and especially shared experience in areas of the law underlying the financial assets audit, the development process, the principal working procedures and the main effect, etc. She also introduced the situation of CNAO’s audit in the fund sector with the aim to increase CA staff’s understanding to the relevant working procedures.

Two lecturers also illustrated that CNAO’s follow up work after releasing audit report and how the audited department conducts a rectification or a review according to audit opinion for manifesting the active role of audit work in country’s development and in upholding social justice.

Since this year, CNAO has opportunely arranged relative training courses in professional techniques upon the technical requirement of CA in practical work, so that CA staff can broaden the mind and horizon of theoretical research, and enhance their professional capabilities and comprehensive qualities.