这一会计师事务所被罚没超6500万元！禁止从事证券服务业务!

Core Viewpoint - Yongtuo Accounting Firm has been severely punished by the Jiangsu Securities Regulatory Bureau for failing to perform due diligence and issuing false audit reports, leading to a ban on engaging in securities services and a total fine exceeding 65 million yuan [1][4][5]. Group 1: Administrative Penalties - The Jiangsu Securities Regulatory Bureau's administrative penalty decision revealed that Yongtuo failed to exercise due diligence, resulting in false records in annual audit reports and verification reports for fund usage [1][2]. - Yongtuo was ordered to rectify its practices and was banned from engaging in securities services, with a total penalty of approximately 65.28 million yuan, which includes confiscated business income and fines [4][5]. - This is the first instance of a regulatory body imposing a ban on an audit firm from conducting securities services since the revision of the Securities Law in 2019 [1]. Group 2: Role in Financial Fraud - Yongtuo acted as an accomplice in financial fraud, knowingly issuing unqualified audit reports despite being aware of significant issues and deficiencies in audit practices [2][3]. - The firm was responsible for auditing several companies, including Hongda Xingye and Hengjiu Technology, where it failed to maintain objectivity and independence, leading to the issuance of false audit reports [2][3]. - Specific instances of misconduct included fabricating audit adjustments and altering financial statements, as well as failing to assess fraud risks adequately [3]. Group 3: Regulatory Environment - The regulatory environment emphasizes the critical role of intermediary institutions, such as accounting firms, in maintaining market integrity and preventing financial misconduct [6]. - The China Securities Regulatory Commission has intensified enforcement actions against violations, with a notable increase in cases involving intermediary institutions failing to perform due diligence [7]. - Recent measures have been introduced to enhance oversight of intermediary institutions, including increased inspections and a focus on improving audit quality and professional competence [7].