Current Anti-Corruption Status in China

Proceedings of The 4th International Conference on Advanced Research in Management, Economics and Accounting

Year: 2023

DOI: https://www.doi.org/10.33422/4th.armeaconf.2023.05.105

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Current Anti-Corruption Status in China

Samaneh Raiss Shaghaghi

ABSTRACT: 

One of the biggest issues facing the globe today is corruption. It is a major roadblock to a nation’s long-term development. It is damaging to society’s fabric and has a big impact on poor populations. There are many different types of corruption, and they may pose a serious threat to society. In this sense, preventing corruption has always been a major issue and topic of discussion in all nations. Additionally, corruption is difficult to detect and frequently concealed in the digital era. Therefore, corruption may provide particular challenges for auditing companies. for the nations’ Supreme Audit Institution in particular (SAI). In order to get a more comprehensive understanding of the present state of corruption in China, the current state of anti-corruption in China, and other topics, I want to discuss the findings of a questionnaire given to the auditors at the China National Audit Office (CNAO) in this article. Legal Status, SAI’s organizational structure and mission in the battle against corruption, SAI’s role in the prevention and detection of corruption, an evaluation of SAI’s performance, the auditing profession’s limitations in the fight against corruption, and their worldwide collaboration, which shows that the Auditors show no tolerance to the corruption.

keywords: Audit, CNAO, Corruption, Internal Audit, Questionnaire