한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina
in recent years, intermediaries have faced more and more challenges in their audit work in the field of securities services. regulatory authorities are intensifying their crackdowns on accounting firms that fail to perform their duties diligently, which puts the qualifications and credibility of audit institutions under greater scrutiny.
in 2023, the jiangsu securities regulatory bureau confiscated dahua accounting firm’s business income of 6.8868 million yuan, imposed a fine of 34.434 million yuan, and suspended the securities service business for six months. this shows that regulatory authorities are increasingly demanding more responsibility from intermediaries.
since the beginning of this year, baker tilly international has also been punished by the china securities regulatory commission for not being diligent in its audit work and for forging, tampering with, and damaging audit work papers, and was suspended from engaging in securities services business for six months. in addition, the ministry of finance also punished pwc for a series of illegal activities and implemented administrative penalties, warnings and other measures.
the actions of regulators indicate that they will continue to crack down on financial fraud and audit fraud.
future outlook:
as the audit industry becomes more standardized, the market's trust in audit institutions will further increase. suya jincheng must make continuous improvements in rules, regulations and professional capabilities to win market recognition. at the same time, regulatory authorities will continue to strengthen the supervision of intermediaries to ensure a safer and more stable development of the capital market.
