Detailed terms to be released on banking external audit

Official of China Banking Regulatory Commission Hu Yongkang revealed 13 at the fourth forum of certified public accountant, that CBRC is about to publicize a new regulation next month, about the outline on monitoring banking system external audit, saying external audit is of important to be supplementary to the supervision of the bankers, to which some information would be quite helpful to perfect the fiscal system amid financial institutions. For instance, variety of measures has therefore been adopted in this purpose form Basel Committee on Banking Supervision, after the financial crisis. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

The outline includes the following aspects: first, to ensure better effect, qualified audit institutions are requested with good reputation, character of independence, and applicable for professional work; second, strong support and active cooperation from the bankers; third, monitoring sectors of the banks ought to play the role in cooperation with audit institutions; fourth, to do best to put into use of audit results.