[Li Qiang signed an order of the State Council to announce the revised "Implementation Regulations of the Audit Law of the People's Republic of China"] Prime Minister Li Qiang recently signed an order of the State Council to announce the revised "Implementation Regulations of the Audit Law of the People's Republic of China" (hereinafter referred to as the "Regulations"), which will come into effect on December 1, 2026. The Regulations include 7 chapters and 64 articles. The main contents of the revision are as follows. The first is to strengthen the party’s leadership. It is clearly stipulated that audit work should adhere to the leadership of the Communist Party of China and fully implement the party's line, principles, policies and the decisions and arrangements of the Party Central Committee. The second is to refine and improve the content of audit supervision. Detail the scope and content of the audit of fiscal revenue and expenditure; include the audit of the draft financial final accounts and the audit of the management and use of state-owned resources and state-owned assets into the audit results report; clarify the scope of "other major public engineering projects related to national interests and public interests" in the audit law; include the management and use of state-owned resources into the scope of special audit investigations, and improve the audit jurisdiction rules. The third is to improve audit work procedures. Add provisions on the registration and reporting system for inquiries and interference in audit matters to ensure that audit work is not disrupted; refine the requirements for audited units and relevant agencies to assist audit agencies in carrying out their work; and further improve the procedures for inquiring about deposits of units and individuals in financial institutions related to audit matters. The fourth is to consolidate audit and rectification responsibilities. It is clarified that the audited unit shall bear the main responsibility for audit rectification, and details the legal liability for failure to make rectifications in place; it stipulates that the audit agency shall put forward rectification requirements for the classification of problems found in the audit in the audit report, conduct follow-up inspections of the rectification status, and promptly review and confirm the results; stipulate that all departments of the State Council and local people's governments at all levels and relevant competent authorities and units shall strengthen overall planning and coordination, supervise the rectification of audit problems, and establish and improve relevant systems. (Xinhua News Agency)