Audit Law of the PRC (2021 Amendment) · Yalla China
قانون التدقيق (تعديل 2021) / Audit Law of the PRC (2021 Amendment)
Enacted: 2021-10-23 ✅ Effective: 2022-01-01
📝 Overview
Regulates the powers of China's National Audit Office and its oversight of state-owned companies and projects using public funds.
This is general information only, not legal advice. For your specific case, consult a licensed lawyer.
📜 The law text / key provisions
The Audit Law (2021 Amendment) provides: (1) Audit powers: extend to cover companies with public investment and third-party organizations receiving government funds; (2) Foreign companies: foreign companies with government partnerships may be subject to audit; (3) Transparency: annual audit report of National Audit Office published; (4) Non-compliance: refusal to cooperate with audit authority is a legal violation; (5) Listed company audit: securities companies required to have annual external audit.
💬 Practical reading
💬 This is a general reading/opinion for orientation — not the official legal text nor legal advice.
If your company in China includes a government partnership or uses public funds, maintain accurate financial records and be prepared to cooperate with audit authorities.
📎 Official source
National People's Congress of China
🕒 Updated: 16 March 2026