Revised Regulations for the Implementation of the Audit Law of the People's Republic of China Issued

The State Council recently announced the newly revised Regulations for the Implementation of the Audit Law of the People's Republic of China, and made clear that they will take effect on December 1, 2026. The regulations set out systematic provisions on the basic principles of audit work, the duties of audit authorities, audit procedures, legal liabilities, and other matters. The regulations propose that audit work should adhere to the leadership of the Party, strengthen coordination with various forms of oversight such as disciplinary inspection and supervision, inspection and巡察, oversight by the people’s congress, and financial and accounting supervision, and encourage the use of informationbased tools such as big data to improve audit efficiency. With regard to fiscal revenues and expenditures, financial revenues and expenditures, and the management and use of stateowned resources and stateowned assets, audit authorities will carry out supervision in accordance with the law. In terms of procedures and law enforcement, the regulations further refine procedures such as audit notices, investigation and evidence collection, result reporting, corrective implementation, adjudication and reconsideration, while also stipulating corresponding punitive measures for acts such as refusing to cooperate with audits, providing false materials, and refusing to make corrections.