The National Audit Office (NAO) will intensify the auditing of state-owned enterprises (SOEs) operating in Macau, Liu Jiayi, the central government’s auditor-general, said on Tuesday.
Liu, who also chairs the governing board of the International Organisation of Supreme Audit Institutions (INTOSAI), was invited by the local government to give a lecture on the National Audit Office’s role, at the Macau East Asian Games Dome in Cotai.
Over 100 senior officials including Chief Executive Fernando Chui Sai On and his predecessor Edmund Ho Hau Wah, who is now a vice-chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), attended the lecture. Legislative Assembly (AL) President Ho Iat Seng, Chief Executive Election Committee members, local CPPCC members and National People’s Congress (NPC) deputies were also in attendance.
“We will have many more fields of work when carrying out audits on state-owned enterprises’ affiliates in Macau, as well as stated-owned assets and capital in Macau. We will face many new situations, new questions and new challenges,” Liu said.
“On behalf of the National Audit Office here, I sincerely hope the Special Administrative Region government, Mr Chui Sai On and colleagues at the Commission of Audit of Macau can provide [us with] the necessary assistance and support.”
Pointing out that carrying out audits independently “is the soul of auditing”, Liu said audit institutions should exercise their power of supervision through auditing independently in accordance with the law.
Liu also said it was of the utmost importance for the National Audit Office to insist on following the Communist Party of China’s (CPC) leadership and to rely on the central government’s “vigorous support”.
Meanwhile, according to a statement from the chief executive’s office on Tuesday, Chui discussed various issues with Liu, including “employing technological means to enhance the efficiency of audits”, at his official residence on Penha Hill. The auditor-general also met his local counterpart Ho Weng On at the Commission of Audit (CA) on Tuesday, according to a CA statement.