Chinanews.com, August 23. According to the China Government Network, the General Office of the State Council recently issued its opinions on further regulating the order of financial audits and promoting the healthy development of the CPA industry (hereinafter referred to as the "Opinions").
The opinions call for rectifying the financial audit order in accordance with the law, strengthening financial and accounting supervision and big data analysis, and accurately cracking down on financial fraud.
Regarding the rectification of the financial audit order in accordance with the law, the opinions put forward the following four points.
It is necessary to strengthen the supervision of accounting firms engaged in securities business in accordance with the law.
The competent authorities of the industry strictly perform their duties, strengthen the supervision and inspection power of finance and accounting, promote the formation of a professional law enforcement and inspection mechanism, and carry out effective daily supervision of accounting firms engaged in securities business.
Introduce the supervision and inspection measures of accounting firms, highlight the key points of inspection, increase the frequency of inspections, strictly deal with penalties, establish a self-inspection and self-correction reporting mechanism, and strengthen the responsibilities of accounting firms.
Improve the coordination mechanism for the supervision of accounting firms engaged in securities business by relevant departments, strengthen overall coordination, form a supervisory force, strictly supervise accounting firms and listed companies, and pursue audit and accounting responsibilities for financial fraud in accordance with the law.
Strengthen financial and accounting supervision and big data analysis, and carry out precise crackdowns on financial fraud.
At the same time, it is necessary to seriously investigate and deal with violations of laws and regulations and expose typical cases.
Interaction between upper and lower levels to rectify various violations of laws and regulations in accordance with the law, especially for the unlicensed operation of accounting firms in the current industry, certified public accountant practice, online sales of audit reports, practice beyond competence, leakage and dissemination of sensitive information related to confidentiality, etc., Resolutely correct major issues that violate professional norms and ethics, such as collusion by accounting firms and loss of independence.
Sort out a batch of typical cases of violations of laws and regulations in the financial and accounting field, and form a list of joint actions by various departments, distinguish different situations and deal with them strictly in accordance with laws and regulations, resolutely achieve "zero tolerance", severely penalize major cases that have a bad impact, and impose severe penalties on those who violate laws and regulations. Form an effective deterrent.
Increase the exposure of typical cases, and form a warning to the whole society and the whole industry.
In addition, it is necessary to accelerate the construction of laws and basic systems for the CPA industry.
Formulate a list of basic systems for the CPA industry, follow up and improve relevant system regulations in a timely manner, and establish a sound institutionalized and normalized long-term mechanism.
Promote the acceleration of the revision of the Certified Public Accountant Law, further improve administrative compulsory measures, enrich supervision tools, refine penalties, and increase penalties.
A reasonable distinction should be made between the corporate accounting responsibilities of financial fraud and the audit responsibilities of accounting firms, and the legal responsibilities of other entities for issuing false certifications to certified public accountants should be clarified.
Improve the relevant regulations on the organizational form of accounting firms, and clarify the audit requirements of public interest entities.
In accordance with the principle of equivalent penalties, cases involving the liability of accounting firms shall be handled in accordance with the law, and judicial interpretations concerning the legal liabilities of accounting firms and certified public accountants shall be studied and perfected, and the manner in which special general partnership accounting firms shall bear civil liabilities shall be further clarified.
Improve and maintain information security requirements, and clarify relevant regulatory requirements for overseas institutions and personnel entering into practice.
Scientifically and reasonably determine the specific requirements of accounting firms for auditing services of specific entities such as listed companies, and uniformly disclose relevant standards.
Optimize the audit rotation mechanism of accounting firms and certified public accountants based on actual conditions.
It is necessary to establish a sound supervisory cooperation mechanism.
Establish a cross-departmental cooperation mechanism to realize the organic integration and synergy of financial and accounting supervision and other supervision.
Establish an annual work conference and daily joint meeting mechanism for the CPA industry, integrate forces, build consensus, and effectively form a supervisory force, timely study and solve outstanding problems that restrict the development of the industry, and continuously improve the level of industry supervision.
In response to the prominent cross-regional and cross-industry issues in the financial accounting field, strengthen supervision and coordination between the central and local governments and between departments.
Carry out cross-border accounting audit supervision cooperation in accordance with laws and regulations, safeguard the national economic information security and the legitimate rights and interests of enterprises, and enhance international credibility and influence.
The opinions are clear, and the daily supervision and credit management of the industry should be strengthened.
Strengthen the construction of informatization, build a unified regulatory information platform for the certified public accountant industry, strengthen daily monitoring through business reporting, electronic certificates and signatures, and improve the efficiency and level of supervision.
Explore the establishment of a single source system for audit report data, promote the realization of a nationwide "one code connection", and tackle the problem of false audit reports from the source.
Introduce the management measures for the list of seriously untrustworthy entities in the CPA industry, share and disclose relevant information in accordance with laws and regulations, and implement joint punishments.
Unblock complaint and report channels, establish a unified industry report acceptance platform, improve the complaint and report handling mechanism, and achieve "responsible for receiving complaints, time-limited inspection, verification must be dealt with, and handling strictly."
The opinions emphasized that accounting firms should be guided to strengthen internal management. Strengthen the integrated management of accounting firms, introduce integrated management measures, establish a measurable and comparable index system, and guide accounting firms to implement unified management in personnel deployment, financial arrangements, business undertaking, technical standards and information construction, and establish Improve open, transparent and standardized integrated management inspection and evaluation procedures. Further improve the comprehensive ranking mechanism of accounting firms, use the results of integrated management inspection and evaluation as an important basis for ranking, and guide the accounting firms to strengthen internal management by benchmarking against tables. Combining the characteristics of large, medium, and small accounting firms, each year, it establishes typical demonstrations in terms of integrated management, information management, and "specialized, specialized" development, and promotes advanced experience. Efforts will be made to cultivate a group of leading domestic and internationally influential accounting firms to help more independent brand accounting firms go global.