近日中国裁判文书网披露一则会计师事务所员工追索劳动报酬纠纷二审民事判决书，提供了鲜活案例。 讨薪员工是退市公司鸿达兴业的年报审计项目组成员，而该企业正是因财务造假于2025年6月被监管重 罚。 尽管该判决书对会计师事务所使用化名，但其披露的多个信息与证监会12月对永拓会计师事务所（特殊 普通合伙）（以下简称"永拓所"）处罚信息基本吻合。 又一典型判决出炉。 在上市公司造假案中，审计失败的项目组员工能否拿到被拖欠的绩效薪酬，一直以来是中介机构圈内关 注的话题。 涉事会计师事务所主张，讨薪员工不仅无权索要绩效，更应退还该项目的所有报酬。对此，二审法院认 为，在劳动关系与欠薪事实明确，且会计师事务所未被行政处罚前，员工的诉请应得到支持。据悉，该 判决在9月作出，早于该事务所被处罚的落地时间。不过，法院也明确，如果事务所因此次审计失败被 罚造成重大损失，且能证明是由分支机构和讨薪员工严重失职造成，可以另行主张赔偿或要求退还绩 效。 一名受访的律师向记者表示，在上述案例中，"支付既定的劳动报酬"与"追究可能存在的执业过错赔偿 责任"是性质不同的两个法律问题，应分开处理。 造假项目绩效工资争议 在上市公司造假案中，如何界 ...

又一典型判决出炉。 在上市公司造假案中，审计失败的项目组员工能否拿到被拖欠的绩效薪酬，一直以来是中介机构圈内关注的话 题。 近日中国裁判文书网披露一则会计师事务所员工追索劳动报酬纠纷二审民事判决书，提供了鲜活案例。讨薪员 工是退市公司鸿达兴业的年报审计项目组成员，而该企业正是因财务造假于2025年6月被监管重罚。 尽管该判决书对会计师事务所使用化名，但其披露的多个信息与证监会12月对永拓会计师事务所（特殊普通合 伙）（以下简称"永拓所"）处罚信息基本吻合。 涉事会计师事务所主张，讨薪员工不仅无权索要绩效，更应退还该项目的所有报酬。对此，二审法院认为，在 劳动关系与欠薪事实明确，且会计师事务所未被行政处罚前，员工的诉请应得到支持。据悉，该判决在9月作 出，早于该事务所被处罚的落地时间。不过，法院也明确，如果事务所因此次审计失败被罚造成重大损失，且 能证明是由分支机构和讨薪员工严重失职造成，可以另行主张赔偿或要求退还绩效。 一名受访的律师向记者表示，在上述案例中，"支付既定的劳动报酬"与"追究可能存在的执业过错赔偿责任"是 性质不同的两个法律问题，应分开处理。 造假项目绩效工资争议 在上市公司造假案中，如何界定中 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：企业上市 第一创业证券（简称一创投行）作为"鸿达兴业"公司2019年发行可转债时的"担保人"和"监督员"，在其 后两年多的监督期间，工作严重失职。 核心问题： 鸿达兴业方面： 擅自挪用了近17亿元的发债募集资金（主要给了自己大股东用），并且虚假归还了约 8.48亿元的资金，还没有如实对外公告这些情况。 一创投行方面： 作为保荐机构，拿了424万多的保荐费，但在持续监督期间，没有认真核查上述资金挪 用和虚假归还的问题，出具的报告也说了假话，还没有按照规定进行督促和报告。 处理结果： 对第一创业证券： 警告，责令改正。 没收其保荐业务收入 4，245，283.02元。 并处以 12，735，849.06元 的罚款。 （总计罚没约 1700万元） 对两名负责的保荐代表人（宋垚、范本源）： 给予警告。 分别处以 150万元 的罚款。 一句话总结： 因未能勤勉尽责地监督上市公司使用募集资金，第一创业证券及其两名项目负责人被江 苏证监局开出罚单，合计罚没款超过2000万元。 中国证券监督管理委 ...

第一创业公告截图 涉六年前鸿达兴业可转债项目 【文/羽扇观金工作室】 12月26日，深交所官网一则公告打破了资本市场的平静——第一创业证券股份有限公司（下称"第一创业"）披露， 其全资子公司第一创业证券承销保荐有限责任公司（下称"一创投行"）收到了江苏证监局的《行政处罚决定书》。 这纸罚单的背后，是一场跨越数年的可转债项目持续督导失职风波，牵扯出保荐机构履职缺位的行业隐忧。 券法》适用的特殊情形，作出了严厉的处罚决定：没收一创投行保荐业务收入424.53万元，并处以1273.58万元罚 款，合计罚没金额超1698万元；保荐代表人宋垚、范本源作为直接负责的主管人员，分别被处以150万元罚款。 两名保代各收150万罚单 故事的起点要追溯到2019年，彼时鸿达兴业股份有限公司启动可转债发行项目，一创投行凭借专业资质成为该项目 的保荐人，成功斩获424.53万元（不含税）的保荐业务收入。 公开资料显示，鸿达兴业创立于1991年，实控人为周奕丰。公司总部设在广州，拥有"资源能源、盐湖开发、化工、 环保、新材料、交易所和股权投资"七大产业体系。 2019年12月16日，鸿达兴业公开发行了2426.78万张可转债，每张面值 ...

【文/羽扇观金工作室】 12月26日，深交所官网一则公告打破了资本市场的平静——第一创业证券股份有限公司（下称"第一创业"）披露， 其全资子公司第一创业证券承销保荐有限责任公司（下称"一创投行"）收到了江苏证监局的《行政处罚决定书》。 这纸罚单的背后，是一场跨越数年的可转债项目持续督导失职风波，牵扯出保荐机构履职缺位的行业隐忧。 第一创业公告截图 涉六年前鸿达兴业可转债项目 故事的起点要追溯到2019年，彼时鸿达兴业股份有限公司启动可转债发行项目，一创投行凭借专业资质成为该项目 的保荐人，成功斩获424.53万元（不含税）的保荐业务收入。 公开资料显示，鸿达兴业创立于1991年，实控人为周奕丰。公司总部设在广州，拥有"资源能源、盐湖开发、化工、 环保、新材料、交易所和股权投资"七大产业体系。 2019年12月16日，鸿达兴业公开发行了2426.78万张可转债，每张面值100元，发行总额为24.27亿元，期限为6年，债 券简称"鸿达转债"（退市后为"鸿达退债"）。截至2024年3月18日，"鸿达转债"剩余可转债金额为3.37亿元。 然而项目落地仅一年，风险便已暴露。2019年起，由于化工行业不景气，鸿达兴业盈利 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 由于鸿达兴业及相关责任主体涉嫌信息披露违法违规，被中国证监会处罚，为维护证券投资者合法权 益，上海汉联律师事务所宋一欣律师向曾经购买过鸿达兴业的证券投资者展开诉讼代理征集，代理投资 者索赔诉讼，权益受损的证券投资者可以向前述律师进行索赔登记。（宋一欣律师专栏） 宋一欣律师认为，鸿达兴业案的索赔条件为：2019年12月31日至2023年9月22日间买入鸿达兴业股 票或债券等证券市场公开发行产品，并在2023年9月23日及之后卖出或继续持有的受损投资者，可以办 理索赔登记。（*ST鸿达维权入口） 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 2025年12月26日，鸿达兴业股份有限公司（以下简称"鸿达兴业"）2019年可转债的主承销商及保荐机构 第一创业证券股份有限公司（简称：第一创业，代码：002797）发布《关于全资子公司收到中国证券监 督管理委员会江苏监管局行政处罚决定书的公告》。 中国证监 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - This week, the credit spreads of the AAA electrical equipment industry compressed significantly compared to last week, while the credit spreads of other industries and ratings widened to varying degrees. For urban investment bonds, the credit spreads of those with a maturity over 10 years compressed slightly by 1BP, while the spreads of other maturities widened by 3BP. For industrial bonds, most of the industrial credit spreads continued to widen, with the short - end widening more significantly than the long - end. For bank capital bonds, the short - end spreads of bank Tier 2 and perpetual bonds within 1 year widened slightly, while the long - end spreads over 10 years compressed slightly [3][4][30]. - In 2026, for urban investment bonds, short - duration (within 2Y) sinking urban investment bonds can be used as a base position, and high - quality urban investment entities with a moderately extended duration (3 - 5Y) can be selected. For industrial bonds, high - quality central and state - owned enterprise industrial bonds can be used as a base position with an extended duration, and attention should be paid to industries with marginal improvements. For Tier 2 and perpetual bonds, trading opportunities of those with good liquidity (preferably 3 - 5Y AAA -) should be grasped, and attention should be paid to high - quality city commercial banks and rural commercial banks in economically developed areas and areas with advanced debt resolution progress [5][7][44]. 3. Summary by Related Catalogs 3.1 This Week's Credit Hot Events - On December 19th, the Shanghai Stock Exchange issued a notice allowing eligible overseas institutional investors to conduct bond repurchase business on the Shanghai Stock Exchange, providing them with standardized liquidity management tools [11]. - On December 15th, the National Association of Financial Market Institutional Investors launched a self - regulatory investigation into Postal Savings Bank of China for suspected violations in the underwriting and issuance of debt financing instruments [12]. - On December 15th, Guizhou Rural Commercial United Bank Co., Ltd. was approved to open. It acquired the shares of 16 rural commercial banks and 5 rural credit cooperatives, with an increased registered capital of 10.458 billion yuan and new shareholders including the Guizhou Provincial Department of Finance and China Kweichow Moutai Group Co., Ltd. [13]. 3.2 Primary Market 3.2.1 Net Financing Scale - This week, the net financing of credit bonds (excluding asset - backed securities) was 116.1 billion yuan, a decrease of 128.1 billion yuan compared to last week. The total issuance was 365.5 billion yuan, a decrease of 99.1 billion yuan, and the total repayment was 249.3 billion yuan, an increase of 29 billion yuan. The net financing of asset - backed securities was 20.9 billion yuan, a decrease of 27 billion yuan compared to last week [14]. - By product type, the net financing of urban investment bonds was 21.3 billion yuan, an increase of 500 million yuan; the net financing of industrial bonds was 70.9 billion yuan, a decrease of 44.7 billion yuan; and the net financing of financial bonds was 24 billion yuan, a decrease of 83.9 billion yuan [15]. 3.2.2 Issuance Cost - This week, the issuance rates of AA industrial bonds and urban investment bonds were adjusted to over 2.8%, while the average issuance rates of other bonds with different ratings and types were below 2.8%. Specifically, the issuance rates of AA industrial bonds and urban investment bonds increased by 45BP and 27BP respectively compared to last week, and the issuance rate of AA + financial bonds increased by 58BP [17]. 3.3 Secondary Market 3.3.1 Transaction Situation - In terms of trading volume, the trading volume of credit bonds (excluding asset - backed securities) decreased by 44.3 billion yuan compared to last week. By product type, the trading volume of urban investment bonds was 259.4 billion yuan, a decrease of 13.7 billion yuan; the trading volume of industrial bonds was 367.4 billion yuan, an increase of 13.2 billion yuan; the trading volume of financial bonds was 627.5 billion yuan, a decrease of 43.8 billion yuan. The trading volume of asset - backed securities was 25.5 billion yuan, an increase of 1 billion yuan [24]. - In terms of turnover rate, the turnover rate of credit bonds showed a mixed trend compared to last week. Specifically, the turnover rate of urban investment bonds was 1.66%, a decrease of 0.1 pct; the turnover rate of industrial bonds was 1.89%, an increase of 0.06 pct; the turnover rate of financial bonds was 4.05%, a decrease of 0.29 pct; the turnover rate of asset - backed securities was 0.67%, an increase of 0.03 pct [24]. 3.3.2 Yield - This week, the yields of credit bonds with different ratings and maturities fluctuated within 3BP compared to last week. For example, the yields of AA, AAA -, and AAA + credit bonds within 1 year decreased by 2BP, 2BP, and 1BP respectively; the yields of AA and AAA + credit bonds with a 5 - year maturity increased by 2BP and 1BP respectively, while the yield of AAA - credit bonds decreased by 1BP; the yields of AA, AAA -, and AAA + credit bonds with a maturity over 10 years decreased by 1BP, 1BP, and less than 1BP respectively [25]. 3.3.3 Credit Spreads - Overall, the credit spreads of the AAA electrical equipment industry compressed significantly by 14BP compared to last week, while the spreads of other industries and ratings widened to varying degrees. For example, the credit spreads of the AA + leisure service industry widened by 20BP, and the spreads of the AA + media and light manufacturing industries widened by 9BP [30]. - **Urban Investment Bonds**: By maturity, the credit spreads of urban investment bonds with a maturity over 10 years compressed slightly by 1BP, while the spreads of other maturities widened by 3BP. By region, the top five regions with the highest credit spreads of AA - rated urban investment bonds were Guizhou, Yunnan, Jilin, Shandong, and Sichuan; for AA + urban investment bonds, they were Guizhou, Inner Mongolia, Gansu, Shaanxi, and Yunnan; for AAA urban investment bonds, they were Liaoning, Yunnan, Shaanxi, Jilin, and Tianjin [32][34]. - **Industrial Bonds**: Most of the industrial credit spreads continued to widen, with the short - end widening more significantly than the long - end. For example, the credit spreads of 1 - year AAA -, AA +, and AA private industrial bonds widened by 4BP, 4BP, and 7BP respectively compared to last week; the spreads of 10 - year AAA -, AA +, and AA private industrial bonds widened by 2BP, 2BP, and 2BP respectively [36]. - **Bank Capital Bonds**: The short - end spreads of bank Tier 2 and perpetual bonds within 1 year widened slightly, while the long - end spreads over 10 years compressed slightly. For example, the credit spreads of 1 - year AAA -, AA +, and AA Tier 2 capital bonds widened by 4BP, 3BP, and 3BP respectively compared to last week, and the spreads of 10 - year AAA -, AA +, and AA Tier 2 capital bonds compressed by 3BP, 2BP, and 2BP respectively [39]. 3.4 This Week's Bond Market Negative News - This week, the implied ratings of bonds issued by five issuers, including Nanjing Zijin Financial Leasing Co., Ltd. and Beijing Tianheng Yuanxin Capital Investment Management Co., Ltd., were downgraded. The "H20 Tianying 3" issued by Wuhan Tianying Investment Group Co., Ltd. and the "Hongda Debenture" issued by Hongda Xingye Co., Ltd. defaulted in essence [4][40]. 3.5 Investment Recommendations - In 2026, for urban investment bonds, short - duration (within 2Y) sinking urban investment bonds can be used as a base position to obtain stable coupon income, and high - quality urban investment entities with a moderately extended duration (3 - 5Y) can be selected to increase portfolio returns. For industrial bonds, high - quality central and state - owned enterprise industrial bonds can be used as a base position with an extended duration to obtain stable coupon income, and attention should be paid to industries with marginal improvements. For Tier 2 and perpetual bonds, trading opportunities of those with good liquidity (preferably 3 - 5Y AAA -) should be grasped, and attention should be paid to high - quality city commercial banks and rural commercial banks in economically developed areas and areas with advanced debt resolution progress [44].

Core Viewpoint - The cancellation of Yongtuo Accounting Firm's qualification to provide securities services has significant implications for the firm and the market, leading to a wave of client changes and potential industry shifts [2][3][5]. Group 1: Regulatory Actions - On December 16, the Ministry of Finance and the China Securities Regulatory Commission (CSRC) announced the cancellation of Yongtuo Accounting Firm's registration for securities services due to serious deficiencies in its audit work [2][3]. - The firm was found to have engaged in fraudulent activities during audits for several listed companies, including fabricating audit adjustments and altering financial statements [5]. Group 2: Market Reactions - Following the regulatory actions, approximately 20 listed companies have initiated the process to change their auditing firms this year, with 9 of these changes occurring in December alone [2][6]. - Two of Yongtuo's clients, *ST Shengxun and *ST Jingang, announced their decision to switch to new auditing firms on December 15 [6]. Group 3: Financial Impact - Yongtuo Accounting Firm, which had a total revenue of 323 million yuan in 2024, generated 131 million yuan from its securities business [6]. - The firm faced a penalty of 65.283 million yuan and was banned from providing securities services, with several of its registered accountants also facing fines and lifetime bans [5]. Group 4: Industry Dynamics - A total of 12 other accounting firms have begun to take over Yongtuo's clients, with Zhongshen Zhonghuan Accounting Firm taking the most, acquiring 6 clients [7]. - The firm has experienced a significant reduction in its workforce, with a decrease of nearly 16% in registered accountants, impacting its operational capacity [7].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 7倍罚款，罚没超6500万，还被终身禁业！江苏证监局开出年度最强罚单 来源：南财社 证监局决定责令永拓所改正，没收业务收入811万元，并处以七倍罚款，累计被处以5716.99万元罚款， 共计罚没金额约6528.31万元，并被禁止从事证券服务业务，相关9名责任人也被追责。 不仅创下了近几年江苏证监局对审计机构的处罚纪录，也是2019年证券法修订以来，监管部门首次开 出"禁止审计机构从事证券服务业务"的处罚。 经同花顺iFinD统计，截至目前，永拓所系16家A股公司审机构。 值得一提的是，在中国证监会的处罚文书下达的当日，永拓所还为日丰电缆出具了最后一份报告。 在2025年逼近尾声，江苏证监局开出了对审计机构的年度最强罚单！ 12月11日，江苏证监局官网披露行政处罚决定书显示，永拓会计师事务所（特殊普通合伙）（以下简 称"永拓所"）在执业过程中，未勤勉尽责，出具的年度审计报告、募集资金年度存放与使用情况鉴证报 告存在虚假记载等。 01 7倍罚款！禁止从业 这家老牌审计机构"栽"了 从背景来看，永拓会计师事务所并不是什么"草台班子"。 永拓会 ...

文/梧桐兄弟 近日，江苏证监局公布了一则重量级罚单，引起行业震动。 江苏证监局将永拓会计师事务所 ( 特殊普通合伙 ) （永拓所）涉 鸿达兴业、恒久科技和科林环保 年报 审计及其他鉴证执业未勤勉尽责 三案合并处罚 ，没收永拓所业务收入 811.32 万元 , 处以 5716.98 万元罚款； 禁止永拓所从事证券服务业务。 江苏证监局认为， 永拓所在为鸿达兴业提供相关审计、其他鉴证服务时 , 违反相关执业准则和职业道 德守则的规定 , 丧失独立性 , 未采取恰当审计措施应对舞弊风险 , 实质性程序存在重大缺陷 , 未勤勉尽 责 , 所出具的相关审计、其他鉴证报告存在虚假记载 , 违反《证券法》第一百六十三条的规定 , 构成 《证券法》第二百一十三条第三款所述违法行为； 永拓所在为恒久科技提供相关审计服务时 , 未客观公正执业 , 未评估由于舞弊导致的重大错报风险并恰 当应对 , 未对营业收入相关审计证据存在的多项异常保持职业怀疑 , 严重未勤勉尽责 , 所出具的相关审 计报告存在虚假记载 , 违反《证券法》第一百六十三条的规定 , 构成《证券法》第二百一十三条第三款 所述违法行为； 永拓所在审计科林环保 202 ...