■ Auditing Laws and Regulations in China Auditor-General Li Jinhua reporting to the National People's Congress on June 23. National Audit Office ■ National Audit Office

Auditor-General Li Jinhua delivered a report to the Standing Committee of the 10th National People's Congress on June 23. The report, which brought to light 1.4 billion yuan (US$170 million) of the 2003 budget that had been misused or wrongfully appropriated by 41 of 55 government offices, triggered a nationwide debate and concern over government efficiency and corruption. News Update ■ China to Audit Senior Military Officers ■ CNAO Reveals Widespread Corruption ■ Land Ministry Fund Embezzlement Come to Light ■ Auditing Outcome on SARS Fund Released ■ Audit Report Reveals Weaknesses in Tax System More Violations ■ Report Sheds Light on Lax Bank Regulations ■ Official Misusing Education Funds Fired ■ Big Problems with Some Chinese College Cities ■ Audit: US$170 Million Misused in Budget ■ ICBC Lost 1b yuan in Bad Loans More Responses ■ Audit Report Fallout Stirs Public Interest ■ Stop Collusion of Officials ■ 'Storms' Not Best Solution ■ Market Reform Vital for Banks ■ Reform to Bloom After Audit Storm More

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