Word: auditive
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...grandly modern Bank of China headquarters he hired renowned architect I.M. Pei's firm to build in Beijing. Now authorities appear to be getting serious about repairing the banking industry's rotten foundation as well as its image. Regulators recently announced a set of bank reforms, including more stringent audit requirements and lending policies based on Western banking models, which could improve competitiveness. In addition, the National Audit Office revealed last week that it has uncovered more than 170 cases of misconduct, implicating 221 officials, as part of a wide-ranging investigation into China's financial industry. Among them were...
Answering the Audit...
Last month, Superintendent of Schools Bobbie J. D'Alessandro met with vo-tech teachers to discuss the audit results, which she said showed "serious flaws" in CRLS' programs...
Lividoti says he even agrees with some of the audit's findings. For example, graduation requirements at CRLS mean students taking vo-tech classes can only spend one period a day learning their trade. The state requires that students take at least two hours of technical instruction each...
Lividoti says he plans to use the audit as leverage to push for more resources. For starters, that means buying state-of-the-art equipment for some shops where state auditors found the machinery inadequate...