2023-05-05 01:02:04
According to Xinhua News Agency, Beijing, May 4th (Reporters Shen Cheng and Wang Xi) The reporter learned from the Ministry of Finance on the 4th that the Ministry of Finance, the State-owned Assets Supervision and Administration Commission of the State Council, and the China Securities Regulatory Commission have recently jointly issued the “Management of Accounting Firms for State-owned Enterprises and Listed Companies”. Measures to further regulate the selection and appointment of accounting firms by state-owned enterprises and listed companies, promote fair competition in the CPA industry, and promote the improvement of audit quality.
The measures point out that state-owned enterprises and their joint-stock companies whose stocks are listed and traded on domestic stock exchanges should speed up the improvement of relevant systems for the selection and appointment of accounting firms, and standardize the selection and appointment of accounting firms. Competitive negotiation, public bidding, invitation to bid and other selection methods that can fully understand the competence of accounting firms shall be adopted to ensure the fairness and impartiality of the selection work. At the same time, the measures regulate key issues such as the rotation of accounting firms, information disclosure, and the responsibilities of the audit committee, and clarify that the financial department can order corrections, supervise interviews, issue inquiry letters, and issue warning letters to accounting firms that violate the provisions of these measures. , ordering public explanations, ordering regular reports and other management measures.
The person in charge of the Ministry of Finance, the State-owned Assets Supervision and Administration Commission of the State Council, and the China Securities Regulatory Commission introduced that the measures mainly regulate four aspects: first, curb vicious competition and highlight quality orientation; second, improve rotation regulations and strengthen independence requirements; third, promote fairness competition; the fourth is to consolidate the responsibility of the audit committee.
“People’s Daily” (version 04, May 5, 2023)
(Editors in charge: Wang Diyuan, Xie Long)
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