East China's Jiangsu province will comprehensively build a financial and accounting supervision system by 2025 that will have a clear division of labor and responsibilities, and establish a basic mechanism for financial and accounting supervision that is horizontally coordinated, vertically linked, and interconnected so as to improve the level of legal and information technology in financial and accounting supervision.
Jiangsu will improve its supervision system, and strengthen the responsibilities of all parties by requiring the financial department to fulfill its main responsibility for financial and accounting supervision in accordance with the law and supervise and guide the main body of financial and accounting supervision to perform its duties in accordance with the law.
The province will develop an annual work plan for financial and accounting supervision, and organize supervision of the implementation of financial, and accounting management laws, regulations, and rules.
The provincial authorities will also use daily and special supervision methods to strengthen supervision over the implementation of financial and tax policies, budget management, asset management, government procurement, financial management, internal control, and accounting evaluation.
In order to ensure smooth implementation, Jiangsu will strengthen organizational leadership and ensure lawful performance of duties, promote the construction of financial and accounting supervision regulations, revise local regulations, and standardize the formulation and management of administrative discretion standards.
Jiangsu will also accelerate the informatization construction of financial and accounting supervision, promote the digital application of financial and accounting supervision, improve the integrated system of financial budget management, and accelerate the integration and operation of accounting software in administrative and public institutions.
Efforts will be made to build a provincial-level comprehensive management platform for financial and accounting supervision, gradually improve monitoring rules, and achieve real-time dynamic monitoring so as to actively play the role of a unified regulatory platform for the accounting evaluation industry, and improve the timeliness and accuracy of supervision.
