Since modern auditing system in China was established in 1983, there has been no end to the development of practice and the innovation of audit theory with Chinese characteristics. In recent years, government auditing in China made remarkable achievements with its role in promoting good governance, which was increasingly recognized by the Chinese society and peer SAIs in other countries. As a comprehensive and current review of China’s auditing practice, Study on the Auditing Theory of Socialism with Chinese Characteristics/Jiayi Liu, Revised Edition, is published recently.
Written in understandable terms, this book offers a hands-on resource for conducting audit supervision in China. The new edition is closely linked to the national political system, economic operations, democracy and the rule of law, the market, history and culture, and the distinct characteristics of the times. It reflects how Chinese government audit theory has been continuously innovated and upgraded to suit today’s reality and to better promote and guide audit practices.
The audit theory with Chinese socialist characteristics was developed by summarizing the growth path and laws on the basis of deep analysis of various audit practices. Many viewpoints of the theory have strong Chinese features, imply China’s vein of civilization, and are deeply rooted in Chinese history. The theory will be guiding China’s audit practices for now and the future.
The original Chinese edition of the book was published in 2014 jointly by the Commercial Press, Ltd. and China Modern Economic Publishing House. John Wiley & Sons published the English version in 2015.