The Guidance of Ministry of Finance on Promoting Management Accounting System Comes Out
The guidance proposes the overall target of “striving to foster a group of management accounting talents throughout the country in 3-5 years and to build the management accounting system with Chinese characteristics in 5-10 years”. It aims to develop the “4+1” organic development model which integrates theory, guidance, talent, informatization and consulting service together.
FAQ of the Professional Ethics Code for Certified Public Accountants is Issued by CICPA
The FAQ (frequently asked questions) includes 30 specific questions covering multiple areas, such as the scheme of professional ethics concept, online accounting firm, requirements of auditing and reviewing businesses on independence, professional ethics code for non-certified members and so on.
Analyzing the Auditing Standards of CRCE Comprehensively Based on the Revelation of the 26 Acquisition Cases Being Vetoed
According to statistics, among the 26 enterprises being vetoed, 9 enterprises have to accept further examination on their profitability of restructuring underlying assets and 5 enterprises reveal flaws on the restructuring underlying assets, which indicates that altogether 14 or 53.84% enterprises are vetoed due to the above mentioned problems. In the first 10 months, 3 enterprises are vetoed because of the information disclosure problem, which makes the information disclosure take up 37.5% of the vetoing reasons in the year and become the second biggest obstacle for enterprises to conduct acquisition and restructuring.