China News Service, Beijing, July 24 (Reporter Zhao Jianhua) In accordance with the revised Securities Law, China's accounting firms engaged in securities service business changed from approval management to filing management. The Ministry of Finance of China and the China Securities Regulatory Commission jointly issued the "Administrative Measures for the Filing of Securities Service Business of Accounting Firms" on the 24th, clarifying that from August 24, 2020, the filing management of the securities service business of accounting firms will be implemented.
The "Recording Measures" clarified that accounting firms engaged in securities service business should file with the Ministry of Finance and the China Securities Regulatory Commission, and clarified the materials and methods of the filing, verification and announcement procedures, etc. The filing is jointly implemented and operated by the Ministry of Finance and the China Securities Regulatory Commission. If the filing materials provided by the accounting firm are complete and in compliance with the requirements, within 20 working days from the date of receipt of the filing materials, the Ministry of Finance and the China Securities Regulatory Commission shall communicate through the website and other methods respectively, and announce the list of the filing accounting firms and related Basic Information.
The “Recording Measures” stipulates that accounting firms engaged in securities service business shall abide by the “Accounting Firm Practice License and Supervision and Management Measures”, adopt a partnership organization form, and the accounting firm shall not undertake operations that are different from its own scale, practice capacity, and risk-bearing capacity. Matching business. The filing management of the securities service business of accounting firms and the strengthening of management in accordance with relevant industry laws and regulations are mutually reinforcing, both of which are to maintain the order of the audit market and ensure the sustainable and healthy development of the CPA industry.
The specific operations for the record are handled online throughout the entire process. The accounting firm is engaged in the securities service business and may choose one of the financial accounting industry management system or the CSRC filing system to fill in the filing information, without repeating the filing. The Ministry of Finance and the China Securities Regulatory Commission realize the sharing of filing information through information push between systems. (Finish)