China and the World Bank strengthen cooperation in the field of accounting audit

Vice Minister Wang June meets the World Bank Vice President Penelop Brook a row in the recent, vice Minister of finance Wang June in Beijing met with the World Bank Deputy President Penelop Brook, Finance Authority Tony Hegati line, on the World Bank's China Accounting and audit evaluation project,　　To further strengthen the two sides in the field of accounting and audit cooperation and other issues exchanged views. Wang June welcomed the bank delegation's visit to China and participated in the World Bank's China Accounting and Audit evaluation report, which gave positive comments on the cooperation between the World Bank and the Ministry of Finance in the field of accounting audit in recent years.　　Wang June said that since 1993, the World Bank has provided financial assistance and technical support for the construction and implementation of China's accounting auditing standards system, and has provided help for the establishment of China's accounting auditing standards, the establishment of standard-setting institutions and information platforms, and the introduction of international standards. Vice President Brooks thanked the Ministry of Finance for supporting the World Bank's China Accounting Audit Evaluation program and the Conference.　　She said that the assessment report affirmed the Chinese Government's efforts to promote the international convergence of accounting and auditing has become a good example, China has set an example for other countries in terms of norm-setting, implementation and talent-training, and enriched the World Bank's development concept. Wang June thanked the World Bank for its affirmation of China's accounting and audit reform and the Ministry of Finance's work. He said that the achievements of China's accounting audit reform, first of all, benefited from China's reform and opening-up policy, supporting China's accounting audit participation in international convergence and standard-setting; Secondly, international organizations such as the World Bank, IASB and IFAC have provided strong support for China's accounting audit reform; Finally,　　The joint participation of relevant departments of the Chinese government and the General accounting auditors in China has ensured the high quality implementation of the guidelines. Wang June said that China's accounting audit reform has received strong support from the World Bank, and hopes that the World Bank and China will jointly explore new cooperation projects in accounting auditing to help China deepen accounting audit reform and contribute to the establishment of globally harmonized accounting and auditing standards.