First H-share IPO Signed by China CPA

　　On March 11, Chunli Medical went public in Hong Kong with Pan-China acting as the auditor. The IPO marks a major breakthrough of the Certified Public Accountant industry in China since 1993, i.e., it is the first H-share IPO that hires an accounting firm in China as the reporting accountant, adopts China accounting and auditing standards and is signed by China CPA.

　　CICPA Releases Bulletin on Auditing of Annual Reports for 2014 (the Fifth Edition)

　　As of March 2, the audit reports on the financial statements of a total of 177 listed companies were issued by 32 accounting firms. In terms of the type of opinions in the audit reports, 173 listed companies were issued standard audit report while 4 listed companies were issued unqualified opinion with emphasis of matter paragraph.

　　Sun Zheng: How to develop higher education in accounting

　　Thanks to a combination of teaching, academic research and practical activities, the disciplines of medicine, law and engineering have educated a great number of professional doctors, lawyers and engineers who have broad knowledge and expertise. "The higher education of accounting should learn from these disciplines,"Sun Zheng, vice president of the Accounting Society of China suggests, "The achievements of the students can be observed and evaluated from four perspectives: scores, capabilities, employment and development."