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China Accounting Alert – May 2025 – Circular of the MOF on issuing the Provisions on the Transition Between the Old and New Accounting Frameworks for Non-governmental and Non-profit Organizations
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 MOF on issuing the Provisions on the Transition Between the Old and New Accounting Frameworks for Non-governmental and Non-profit Organizations; CSRC issues the Administrative Provisions on Deferment and Exemption of Information Disclosure by Listed Companies; CSRC issues the Rules for Supervision of Funds Raised by Listed Companies; 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.