China Accounting Alert – October 2023 – Notice on Strengthening the Verification of Audit Reports

China Accounting Alert is the monthly executive update for Mainland China and Hong Kong on recent developments in local and international financial reporting standards, 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: The Ministry of Finance (MOF), the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and the National Administration of Financial Regulation (NAFR) release Notice on Strengthening the Verification of Audit Reports; China Securities Regulatory Commission (CSRC) issues and implements the Measures for the Administration of Corporate Bond Issuance and Trading and the Standard for Contents and Formats of Information Disclosure of Companies Offering Securities to the Public No.24 – Application Documents for the Offering of Corporate Bonds to the Public; Announcement of the Beijing Stock Exchange (BSE) on issuing the Guidelines for the Continuous Supervision of Companies Listed on the Beijing Stock Exchange No. 7– Board Transfer.

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.