永拓所被罚没超6500万元 监管部门对中介失责零容忍

Core Viewpoint - The Jiangsu Securities Regulatory Bureau has imposed administrative penalties on Yongtuo Accounting Firm for failing to perform due diligence during audits of three listed companies, highlighting a zero-tolerance approach towards financial fraud in the capital market [1][2]. Group 1: Penalties and Actions - Yongtuo Accounting Firm was ordered to rectify its practices and faced a total confiscation of business income amounting to 8.1132 million yuan and a fine of 57.1698 million yuan [1]. - The firm is prohibited from engaging in securities services, marking the first such ban since the revision of the Securities Law in 2019 [1]. - Key personnel, including partner Chen Xiaohong, received fines and lifetime bans from the securities market, while chief partner Lü Jiang was banned for 10 years and fined 2 million yuan [1][2]. Group 2: Violations and Misconduct - Yongtuo Accounting Firm engaged in multiple violations, including facilitating false business transactions and altering financial statements without proper audit adjustments [2]. - Specific misconduct included the issuance of audit reports with false records despite knowledge of irregularities, and some auditors did not participate in the audit process [2]. - The firm ignored regulatory warnings and continued to issue misleading audit reports, demonstrating a lack of adherence to professional standards [2]. Group 3: Regulatory Response and Future Measures - The regulatory body is committed to a strict enforcement approach, emphasizing accountability for intermediary institutions and increasing the costs of violations [3]. - Future measures include revising management methods for accounting firms to enhance pre-approval scrutiny and post-regulation oversight [3]. - The regulatory framework aims to foster a culture of compliance and responsibility among intermediary institutions, ensuring they act as effective gatekeepers in the capital market [3].