Fujian Regulatory Bureau advances bank account annual inspection with 'three focuses'

The Fujian Regulatory Bureau of the Ministry of Finance has advanced its annual inspection of bank accounts for centrally-administered budget units in Fujian through a 'three focuses' approach, targeting organizational coordination, rigorous review, and long-term quality improvement. The inspection covers 50% of accounts each year on a two-year cycle and includes on-site checks, aiming to standardize account management and mitigate fiscal fund risks.

Source: 财政部福建监管局

The Fujian Regulatory Bureau of the Ministry of Finance has deployed a comprehensive annual inspection of bank accounts for centrally-administered budget units in Fujian, structured around organizational coordination, review procedures, and long-term mechanisms to enhance management standardization and fiscal fund security.

Following the rule of 'one inspection cycle every two years, reviewing 50% of accounts annually,' the bureau issues advance notices specifying the inspection scope, required materials, and submission methods. Inspectors undergo training on policy documents and operational standards, while aligning their review criteria with common issues and typical cases identified in past inspections.

During the review phase, the bureau cross-checks data from the bank account information management system, submissions from budget units, and routine supervisory records to verify key details such as account names, numbers, opening banks, and purposes. Any missing materials or reporting errors are immediately flagged for correction, and abnormal accounts are investigated through a three-tier approval process. Coordinating with departmental final account reviews and ongoing budget execution oversight, the bureau focuses on unauthorized account openings, improper changes in account usage, or overdue accounts, and reconciles bank statement balances with the cash balances reported in balance sheets.

Additionally, the bureau selects a proportion of budget units for on-site inspections, examining cash account journals and vouchers to verify the authenticity and compliance of fund receipts and expenditures. Issues like delayed filing or closure of accounts prompt immediate corrective actions.

For long-term management, the bureau conducts 'look-back' reviews of previously identified problems and promptly communicates this year's findings to budget units, enforcing accountability. Guidance is provided through seminars, on-site training, and online Q&A sessions, while common issues and typical cases are analyzed to strengthen risk awareness. Information gathered from inspections is dynamically updated in the bank account management system, and departmental budget supervision alerts are disseminated to all budget units, supporting the expansion of dynamic monitoring for actual funds and the establishment of full-process closed-loop supervision.