A new version of the Audit Regulation of the People's Liberation Army (PLA) has been issued as ordered by Chinese President and Chairman of the Central Military Commission Hu Jintao.

The eight-chapter regulation aims to strengthen supervision on auditing, maintain financial order, raise profits and boost the overall development of the PLA.

It covers the principles, basic tasks, leadership, structure and personnel of audits and specifies the responsibilities, rights, process and management of audits in the PLA.

It clearly states that auditing of the PLA is under the leadership of the Party committees of the PLA and is carried out in accordance with the law, including the Law on Auditing of the People's Republic of China.

The regulation will take effect from March 1 and the current version promulgated in 1995 will cease at the same time.

(Xinhua News Agency January 16, 2007)