Date
24 August 2017
The People's Liberation Army pledges it won't tolerate financial shenanigans within its ranks. Photo: Reuters
The People's Liberation Army pledges it won't tolerate financial shenanigans within its ranks. Photo: Reuters

PLA tightens auditing rules to fight financial wrongdoings

Financial irregularities by army officers and personnel uncovered during audits must be passed on to military law enforcement units for investigation, and cannot be dismissed with a mere fine or criticism, Xinhua News Agency reported on Thursday, citing the new guidelines issued by the People’s Liberation Army.

Auditing is an integral process of monitoring the financial management of the army, Zhao Keshi, head of PLA General Logistics Department, said. Auditors will closely monitor fund disbursements, expenditures, assets and other economic activities of the military, he added.

The new guidelines spell out the responsibilities, rights, procedures and accountability throughout the auditing process, as well as which law enforcement units soldiers at different ranks should be sent to in case of violations.

The rules also state that all the cases must be reported to the auditing department, and the status of the cases must be reported throughout the course of investigation.

A communication and collaboration mechanism will also be set up between auditing and law enforcement units to facilitate intelligence exchange and status updates, the report said.

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