The State Administration of Taxation: Any tax personnel shall not visit private clubs
Seven accounting standards for business enterprises shall enter into force on July 1, 2014, including new revised No.30-presentation of financial statements, No.9-employee compensation, No.33-consolidated financial statement, No.2-long-term equity investment, new issued No.39-fair value measurement, No.40-joint venture arrangement, No.41-disclosure of rights and interests in other entities, etc.
On Audit of China Concept Stocks in 2013
In 2013, the audit fee on 68 China concept stocks totaled CNY 559 Million, averagely CNY 7,789,900 per stock company; therein, four major monopolists made up a 92% share. Moreover, the Audit Report on China Concept Stocks and USA Capital Market is not signed by the report issuers, while directly provided with the brand names of audit institutions that are responsible for financial statement data quality.
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