CNAO recently issued a Professional Direction for Local Audit Institutions and requested local audit institutions to prioritize the following areas when planning their audit work:

1. Social security funds audit

2. Real time audit of low income housing projects

3. Special study on primary and middle school distribution adjustment in rural areas

4. Economic accountability audit

5. Real time audit on implementation of state macro economic policies

6. Audit of public finance

7. Real time audit of government investment projects and major public emergencies

8. Audit of funds and projects concerning people’s livelihood

9. Audit of local financial institutions

10. Audit of state owned enterprises

11. Environmental audit