■ 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

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 ■ Disaster Relief Funds Misused in 2003 ■ Embezzlement, Fraud Exist in Implementation of Central Budget ■ Audit Report Critical of Harbor Fest ■ Audit Uncovers Massive Accounting Fraud

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