Illegal companies and bad intermediaries together punish the SFC for double investigation of one case

category:Finance
 Illegal companies and bad intermediaries together punish the SFC for double investigation of one case


According to industry insiders, the survey may have an impact on Ruihuas business. According to past cases, some accepted companies may be suspended from auditing.

According to the information disclosed by the SFC, Zhonghua Accounting Firm, as the auditing body of Yabats financial statements in 2015, provides Yabat with special audit services for the realization of earnings forecasts and the effectiveness of internal control of financial reports. It is not diligent in the audit process and has issued the Audit Report and the Profit Forecast. There are false records in the Achievement Audit Report, etc. The SFC ordered the Zhonghua Accounting Firm to make corrections, confiscating business income of 540,000 yuan, confiscating illegal income of 120,000 yuan, and imposing a fine of 174,000 yuan, warning Sun Yong and Gu Jie, who are directly in charge, and imposing a fine of 80,000 yuan respectively.

Source: Liable Editor of Securities Daily: Yang Qian_NF4425