Article 1 In order to improve the quality of auditors, strengthen the construction of professional ethics and enforce audit discipline, these Standards are formulated in accordance with the Audit Law of People's Republic of China (PRC) and the Basic Auditing Standards of People's Republic of China (PRC). Article 2 The professional ethics of auditors mentioned in these Standards refers to the professional ethics, professional discipline, professional ability and professional responsibility of auditors of audit institutions. Article 3 Auditors shall conduct audit work in accordance with their duties, powers and procedures as prescribed by law and abide by the national auditing standards. Article 4 Auditors shall handle audit matters objectively and fairly, seek truth from facts, be reasonable and prudent, be competent professionally, keep secrets, be honest and perform their duties faithfully. Article 5 Auditors shall maintain their due independence in performing their duties and shall not be interfered by other administrative organs, social organizations or individuals. Article 6 Auditors who have a direct interest in handling audit matters and the audited entity or audit matters shall withdraw in accordance with the provisions. Article 7 Auditors shall be loyal to their duties, be honest and upright, and shall not conceal or misinterpret the facts. Article 8 When performing their duties, especially when making audit evaluation and proposing punishment opinions, auditors shall act in accordance with the law, seek truth from facts, be objective and fair, and shall not be partial. Article 9 Auditors should make rational use of audit knowledge, skills and experience, maintain professional prudence, and may not express audit opinions on matters that are unsupported by evidence, unverified, with improper legal basis and beyond the scope of audit duties. Article 10 Auditors should have qualified academic qualifications, pass the post qualification examination, have professional knowledge, professional skills and work experience suitable for their audit work, and maintain and improve their professional competence. Do not engage in incompetent business. Article 11 Auditors shall abide by the continuing education and training system of audit institutions, participate in continuing education and on-the-job training activities organized or recognized by audit institutions, learn new knowledge in accounting, auditing, law and economy, and master computer and foreign language skills suitable for their work. Twelfth auditors to participate in continuing education and job training, should meet the time and quality requirements stipulated by the audit institutions. Article 13 Auditors have the obligation to keep confidential the state secrets and the business secrets of the auditees they know when performing their duties. Information and audit records obtained in the course of performing duties shall not be provided and disclosed to the outside world without approval, and shall not be used for purposes unrelated to audit work. Fourteenth auditors should abide by the laws, regulations and rules of the state, as well as the audit work discipline and clean government discipline. Fifteenth auditors should conscientiously perform their duties, safeguard the authority of the state audit, and shall not engage in acts that damage the image of audit institutions.

Auditors shall safeguard the national interests and the legitimate rights and interests of the audited entity. Sixteenth auditors who violate professional ethics shall be criticized, educated, administratively punished or disciplined by their audit institutions in accordance with relevant regulations. Article 17 The National Audit Office shall be responsible for the interpretation of these Standards. Article 18 These Standards shall come into force as of the date of promulgation. The Code of Professional Ethics for Auditors of Audit Institutions (No.Ren Shenfa [1996]355) issued by the National Audit Office on June/February 16, 2006 was abolished at the same time.