For the first time, the Ministry of Finance made administrative penalties for cross -border accounting audit supervision

Xinhua News Agency, Beijing, July 13th (Reporter Shen Yan) On the 13th, the reporter learned from the Ministry of Finance that the Ministry of Finance's Lambao Group Co., Ltd. of the Malaysian company Lantao Group Co., Ltd. Guanghua Accounting Firm Shandong Branch implemented supervision and inspection, and held accountable responsibilities in accordance with the law. This is the first time that the Ministry of Finance has imposed administrative penalties for cross -border accounting audit supervision.

The Ministry of Finance's accounting information quality inspection announcement stated that according to the "Memorandum of Cross -border Account Audit Law Enforcement Cooperation of the Ministry of Finance of the People's Republic of China and the Malaysian Securities Supervision Commission" and the request of the Malaysian side inspection. Registered accountants participated in cross -border financial fraud cases. After investigation, Fujian Esseni Technology Development Co., Ltd. 2016-2018 financial report was severely fraud and suspected of crime; ZTE Caiguanhua Accounting Firm Shandong Branch's audit procedure was seriously lacking, and 2018 financial statements of Fujian Essen Sisuo Technology Development Co., Ltd. Audit is responsible for major audits.

According to the "Certified Public Accountants Law of the People's Republic of China", the Ministry of Finance gave a warning to ZTE Caiguanghua Accounting Firm, confiscated 60,000 yuan in illegal income, and fined 300,000 yuan in administrative penalties, and gave the signature accountant Meng Xiang to revoke the administrative accountant certificate to the registered accountant certificate Penalty.

Carrying out cross -border accounting audit supervision and cooperation in accordance with laws and regulations is a pragmatic measure to implement the "Belt and Road" initiative and serve the country's "going global" strategy.

The Ministry of Finance stated that it will maintain "strict supervision and zero tolerance" to curb financial fraud, regulate the high pressure of financial auditing order, increase the quality inspection of the quality inspection of accounting information and the quality inspection of the accounting firms, and continue to deepen the cross -border cross -border with relevant countries and regions. Accounting audit supervision and law enforcement cooperation, jointly promoting the high -quality development of the "Belt and Road".

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