China Institute of Internal Audit (CIIA) released a "Report on the Development of Internal Audit in Party and Government Departments" on December 29, 2011, with a view to sharing the experiences of internal audit in party and government departments as well as facilitating overall transformation and development of their internal audit.
CIIA is one of affiliated institutions under the leadership of the National Audit Office of P.R.China (CNAO), responsible for guiding and supervising the development of internal audit nationwide.
The report was composed of 5 parts, including the Summary, Overall Situation, Highlights and Difficulties, Opportunities and Challenges, Measures and Recommendations. It introduced the current development of internal audit in Party and Governments departments, summarized several highlights and difficulties when internal audit was conducted. Upon the analysis of both opportunities and challenges, the report also put forward to some measures and recommendation to further promote the development of internal audit in Party and Government departments.
This report was one of the attempts for the CIIA to demonstrate the professional capacity and development of internal audit to the public. With the release of the report, CIIA envisages that, the stakeholders would raise the awareness and recognition on the internal audit in Party and Government departments in order to build a better external environment for the development of internal audit. It also aims to further accelerate the standardization of internal audit in Party and Government departments by strengthening the institional and capacity building, enhancing the independence and authority, and improving the quality of internal audit.