Statistics shows that, from January to October of 2008, audit institutions in China had audited 74121 entities, carried out audit investigation against 12875 entities, and identified losses and waste amounted about RMB 22.7 billion (USD 3.34 billion); finished economic accountability audits against 19767 people; saved about RMB 46.
6 billion (USD 6.85 billion); verified and cut down fixed assets investment and payment RMB 19.9 billion (USD 2.93 billion), helped audited or related entities retrieved or avoided losses about RMB 6.1 billion (USD 897.06 million); transferred 695 cases to judicial authorities and disciplinary authorities, which involved 840 people and RMB 16 billion (USD 2.
35 billion).
Audit institutions of various levels had issued 67186 audit reports and 5236 audit investigation reports, and publicized 1294 audit results announcements. Audit institutions also submitted 86982 special reports, general reports and audit briefings; put forward 121680 audit recommendations for audited and related entities, which urged audited entities to establish or improve 2876 rules or regulations accordingly.
