The Chinese Institute of Certified Public Accountants (CICPA) Deployment of 2014 Annual Report Audit

　　This is to notify the Certified Public Accountants (CPA) to pay special attention to the following matters: acknowledgement and measurement of revenue, related party relationships and transactions, asset impairment, accounting policies and changes in accounting estimates, government grants, major unconventional transaction, continuing operations, group audit, audit reports, etc.

　　The release of Real Estate Registration Provisional Regulations

　　Premier Li Keqiang recently issued State Council Order No. 656, announcing the release of Real Estate Registration Provisional Regulations, which shall take effect on March 1, 2015. The Regulations require that land resources, public security, civil affairs, finance, tax, business, finance, auditing, statistics and other departments should strengthen the exchange and share of information on real estate registration.

　　2014 Comprehensive Evaluation Information Publicity of 100 Asset Evaluation Companies

　　Vanda, China Enterprises Appraisals, Beijing Pan-China Asset Appraisal, Zhonghe Group and Yinxin are the top five companies.

　　Small and Micro Companies Are Exempt from Government Funds

　　From January 1, 2015 to December 31, 2017, education surcharge, local education surcharge, water conservancy fund and cultural construction costs of small and micro companies are exempt.