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China Accounting Alert – January/February 2022 – MOF, SASAC, CBIRC and CSRC jointly issue Notice on 2021 Annual Reports
China Accounting Alert is the monthly executive update for Mainland China and Hong Kong on recent developments in local and international financial reporting, and related hot topics and emerging issues. China Accounting Alert is designed to help keep you one step ahead by providing easy access to the information you need, all in one place. It is not intended to be a substitute for reading the financial reporting standards or other appropriate authoritative guidance, to which reference should be made for a full understanding of the relevant subject matters.
Matters covered in this issue include: MOF, State-owned Assets Supervision and Administration Commission of the State Council (SASAC), China Banking and Insurance Regulatory Commission (CBIRC) and China Securities Regulatory Commission (CSRC) jointly issue Notice on 2021 Annual Reports; MOF releases Accounting Standard for Business Enterprises Interpretation No.15; Accounting Department of the MOF releases Application Examples on the Accounting Treatment for the Centralized Management of Funds; MOF, the People's Bank of China (PBOC), SASAC, CBIRC and CSRC jointly issue Notice on Bank Confirmations Pilot Programs; etc.
Please feel free to contact your EY client service professionals for further assistance if you find the provision of China Accounting Alert have an impact on your business operations.