China News Service, April 7th, according to the WeChat public account of the China Securities Regulatory Commission, the China Securities Regulatory Commission recently issued a "Announcement on Issues Related to the Audit and Disclosure of Annual Reports of Listed Companies" (hereinafter referred to as "Announcement"). The "Announcement" makes it clear that for some companies that have been seriously affected by the epidemic, it is stipulated that the annual report can be delayed and the main operating results can be disclosed first.
According to reports, in order to coordinate the epidemic prevention and control and the audit and disclosure of listed companies and other annual reports, properly solve the difficulties and problems faced by the relevant companies and accounting firms, maintain the order of the capital market, and protect the legitimate rights and interests of investors. Based on the "Notice on Further Strengthening Financial Support to Prevent and Control New Coronavirus Infection Pneumonia" (Yinfa [2020] No. 29), according to the spirit and regulations of the Securities Law, Emergency Response Law and other laws and regulations, business Relevant departments have issued the "Announcement on Matters Related to the Audit and Disclosure of Annual Reports of Listed Companies" (hereinafter referred to as "Announcement") according to law, which will be implemented as of the date of announcement.
The Announcement mainly clarifies the following contents: First, adhere to the principles of quality assurance and due diligence, and strive to disclose the audited annual report by April 30, 2020 as required. The second is to distinguish between different situations. For some companies that have been seriously affected by the epidemic, it is stipulated that the annual report may be delayed and the main operating results may be disclosed first. The third is to seek truth from facts. The delayed disclosure and auditing of the companies and accounting firms due to the epidemic situation are caused by force majeure, and shall not be subject to administrative penalties and related treatment according to law. Fourth, strengthen supervision and management. For companies and accounting firms that abuse the deferred disclosure policy and take advantage of the fraud in the audit and disclosure of annual reports, strict verification and accountability should be conducted after and after the event, and legal liabilities should be strictly investigated according to law.
The "Announcement" is an important measure to implement the central government's plan to coordinate the promotion of the new coronary pneumonia epidemic prevention and control and economic and social development work in the capital market. It is a necessary emergency response during the epidemic according to the "Emergency Response Law" and other laws and regulations The measures reflect the concept and spirit of seeking truth from facts, respecting the market, governing the city according to law, and preventing and controlling according to law, and highlight the "supervision temperature."
In the next step, the CSRC will organize and guide the securities trading venues and relevant agencies to do a good job in the implementation of the "Announcement" to provide policy support for the audit and disclosure of the company ’s annual report that is severely affected by the epidemic, to serve the standardized development and maintenance of enterprises The legal rights and interests of the majority of small and medium investors.