Chapter Ⅰ General Provisions
Article 1 In order to strengthen the auditing supervision to projects with governmental investments, normalize the investments, raise investing efficiency, promote scientific decision-making and make full use of the social and economic benefits of projects with governmental investments, these regulations are formulated according to the provisions of the Law of the People’s Republic of China on Auditing and other relevant laws and regulations, and combining with the actual situations of Shenzhen Special Economic Zone.
 
Article 2 These regulations shall be applicable to the preceding auditing to projects with governmental investments, the execution auditing to project budget and the auditing of returns to completed projects, and shall be applicable to the auditing supervision to the truthfulness, legality and beneficial results of financial receipts and expenditures of the constructing, building, reconnoitering, designing, construction controlling and purchasing units involved in project constructions which are conducted by auditing organizations under municipal or district people’s governments.
The project with governmental investments (hereinafter refers to as project) mentioned in these regulations refers to a construction project with fixed assets investment which makes use of government’s budgetary funds, land development funds or other financial capital.
 
Article 3 Auditing organizations shall strengthen the supervision and inspection to the professional work involved in project auditing which are undertaken by social audit bodies, consulting agencies of construction cost, internal auditing agencies and other units.
 
Article 4 If a project’s investment is mainly or totally of the municipal level, it shall be subjected to the auditing supervision conducted by the municipal auditing organization. If a project’s investment is mainly or totally of a district level, it shall be subjected to the auditing supervision conducted by a district auditing organization. If there is dispute on the jurisdiction of auditing supervision, the municipal auditing organization shall determine which organization shall exercise the jurisdiction.
The municipal auditing organization may entrust a district auditing organization with auditing a project within its jurisdiction, and may directly audit a project within the jurisdiction of a district auditing organization.
 
Article 5 Auditing organizations shall independently exercise their functions and powers of auditing supervision to projects according to law, and shall be subjected to no interference by any administrative organ, public organization or individual.
The outlay required by an auditing organization to perform its functions and duties of auditing supervision to projects shall be arranged by the people’s government at the corresponding level and shall be included into the financial budget.
 
Article 6 Government departments, and all other units and individuals relevant to project constructions shall cooperate with and assist auditing organizations in the auditing supervision to projects.
 
Article 7 Auditing organizations shall exercise auditing supervision to projects according to the following rules:
 (1) auditing organization shall exercise comprehensive auditing to the project whose amount of invested capital goes beyond the limit set by the municipal or a district people’s government, or which affects the economy and people’s livelihood within the area under the auditing organization’s jurisdiction;
(2) to other projects, auditing organizations shall audit their final accounts when they are finished, and shall exercise preceding audit to projects or execution audit to project budget selectively according to the requirements of playing emphasis on priorities, optimizing procedures and raising efficiency, and on the basis of the project’s characters, and the annual auditing plan.
(3) to an emergency project with governmental investments, auditing organization shall conduct synchronous follow-up auditing.
 
Article 8 Auditing organizations shall work out the annual project auditing plan according to the provisions of Article 7 of these regulations, and inform its content and adjustment to relevant departments and the audited units. Auditing supervision to projects shall be conducted according to the plan.
 
Article 9  Every auditing organization shall solicit opinions from the audited unit about the project’s auditing report. The time spent for soliciting opinions shall not be counted in the auditing period limit.
 
Article 10 The auditing decision made by an auditing organization shall be enforced by the audited unit, and relevant departments, units and individuals.
Other conclusive auditing documents made by an auditing organization shall have binding force on the audited unit, and relevant departments, units and individuals.
 
Article 11 The conclusive auditing document issued by an auditing organization shall record the confirmed facts, and the reasons and basis of determination.
If an audited unit dissents from a conclusive auditing document, it shall put forward its objection to the auditing organization in writing.  The auditing organization shall make a written reply to the audited unit within 30 days from receiving its objection.
 
Article 12 The municipal and district people’s governments shall report the results of auditing supervision to projects to the standing committees of people’s congresses at the corresponding level every year.
Auditing organizations shall circulate the results of project auditing to relevant departments according to relevant regulations, and may publicize them to the society.
When an auditing organization circulate or publicize an auditing result, it shall keep the State’s secretes and keep the business secretes for the audited unit according to law, and shall observe relevant provisions of the State.
 
Article 13 Auditing organizations and auditors shall be object and fair, practical and realistic, clean and honest, and shall keep secretes when dealing with auditing matters.
Any auditor who undertakes the specific professional work of auditing shall be familiar with relevant provisions of laws, regulations and policies, and shall have necessary professional knowledge and skills.
 
Article 14  An auditing organization may hire persons with relevant professional knowledge or relevant professional institutes to assist it in project auditing on the basis of its working needs. Auditing organizations shall strengthen the supervision and administration to their hired persons and institutes.
No auditing organization may charge any fees from the audited unit in any form.
 
Chapter ⅡPreceding Auditing to Projects
Article 15 The preceding auditing to projects mentioned in these regulations refers to the kind of auditing supervision which is conducted by an auditing organization to the truthfulness, legality, efficiency and consistency of a project’s first-phase preparations, first-phase capital operations, construction procedures and budget of construction chart (including the gross budget, item budget and single budget of project) before the project starts construction.
 
Article 16  When a competent department assigns a project plan, it shall make a copy of the scale and standards of the project’s investments, investments arrangement of the year, construction objects, general estimate and sub-item  estimate to the auditing organization.
 
Article 17  If a project is listed in the annual auditing plan and shall be subjected to preceding auditing, the construction unit shall submit the following materials according to the requirements of auditing organization:
 (1) th