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China Accounting Alert – February 2024 – Circular of the MOF General Office and NFRA General Office on Issuing the Operational Guidelines for Bank Confirmations
China Accounting Alert is the monthly executive update for the Chinese mainland 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: Circular of the Ministry of Finance (MOF) General Office and National Financial Regulatory Administration (NFRA) General Office on Issuing the Operational Guidelines for Bank Confirmations; Circular of MOF on Issuing the Guiding Opinions on Enhancing the Management of Data Assets; 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.