【e公司观察】监管亮剑“看门人” 中介失责零容忍

Core Viewpoint - The Jiangsu Securities Regulatory Bureau has imposed administrative penalties on Yongtuo Accounting Firm for its negligent auditing practices involving three listed companies, marking the first prohibition of an audit firm from providing securities services since the 2019 revision of the Securities Law, indicating a zero-tolerance approach towards financial fraud and a commitment to purifying the market ecosystem [1][4]. Group 1: Yongtuo's Misconduct - Yongtuo Accounting Firm has engaged in serious misconduct, including planning financial fraud and acting as a "broker" for falsified transactions between companies [2]. - The firm has altered financial data without proper audit adjustments, leading to false records in the annual reports of Hongda Xingye from 2020 to 2022 [2]. - Some signing accountants did not participate in the audit, yet still issued unqualified audit reports, demonstrating a severe breach of professional ethics [2][3]. Group 2: Regulatory Response - The regulatory authority has taken strict measures, including banning Yongtuo from providing securities services and imposing fines exceeding 65 million yuan, with individual penalties for responsible personnel ranging from 200,000 to 4 million yuan [4]. - The regulatory body aims to enhance accountability among intermediary institutions and professionals, increasing the cost of violations to deter misconduct [4][5]. - Future regulatory frameworks will be strengthened, including the revision of the management measures for accounting firms engaged in securities services, to ensure proactive compliance and responsibility [4][5]. Group 3: Importance of Intermediary Accountability - The quality of intermediary services is crucial for protecting investors' rights and ensuring the healthy development of the capital market [5]. - The penalties against Yongtuo reflect a commitment to maintaining the principles of transparency and fairness in the market [5]. - A comprehensive mechanism is being established to deter violations, prevent fraud, and cultivate a culture of ethical responsibility within the industry [5].