国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Audit won't affect results - BOC

(China Daily)
Updated: 2007-06-26 08:03

Bank of China Monday said irregularities uncovered in a regular government audit will not affect its financial results.

"The audit findings have no impact on the bank's overall operational results and do not affect its financial statements that have been issued," the bank said in a statement to the Shanghai Stock Exchange.

According to the statement, the National Audit Office conducted an inspection between April and September 2006 of the 2005 accounting books of the bank's head office and certain branches.

The audit found evidence of a failure of branches to adhere to the central government's macroeconomic controls and the bank's own credit approval policies, the bank said.

The investigation also uncovered management problems such as improper recording of income or expenses in certain branches and sub-branches that need to be rectified.

Risks were identified in a small number of highway construction loans and the disposal of non-performing assets, the statement said, without giving any detail. It said the National Audit Office will release its major findings after July.

The government has been urging domestic banks to improve internal controls and risk management to root out fraud, scandals and embezzlement, to boost their competitiveness.

A year ago, the National Audit Office released its audit report on the Agricultural Bank of China. The report said irregularities to the tune of 8.68 billion yuan were uncovered in the bank's 2004 accounts.

It has also audited the Industrial and Commercial Bank of China, China Construction Bank and the four State-owned asset management companies over the past few years. It also plans to audit some other listed banks.

Many banks themselves are also making efforts and comply with stricter regulations to improve their management after they sold shares to the public.

"Most problems found during the audit occurred before the bank's joint-stock reform in 2004," said Bank of China, adding the bank's executives have attached great importance to these issues, many of which have been effectively rectified and the persons responsible punished.

The bank has recovered or settled the non-complying loans and made adequate provisions vis-a-vis the unrecovered non-performing loans.

As for the accounting issues, the bank made the necessary adjustments last year.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
清河县| 绥中县| 汽车| 武威市| 金阳县| 沾化县| 葫芦岛市| 芮城县| 安康市| 咸丰县| 化德县| 文山县| 濮阳县| 喀喇| 平江县| 北安市| 雅安市| 怀仁县| 梅州市| 新乐市| 咸丰县| 正宁县| 云和县| 施秉县| 清苑县| 宁化县| 金阳县| 成安县| 舒城县| 郴州市| 洛隆县| 满城县| 扶余县| 诸城市| 大渡口区| 盘山县| 上蔡县| 邻水| 天津市| 化德县| 海安县|