证监会两年内处罚会计所80家次 财务造假综合惩防体系震慑力持续升级

Core Viewpoint - The regulatory scrutiny on accounting firms in China's capital market has intensified significantly, with the China Securities Regulatory Commission (CSRC) imposing substantial penalties to combat financial fraud and enhance market integrity [1][5][6]. Regulatory Actions - In 2024 and 2025, the CSRC penalized a total of 80 accounting firms and 209 individuals, with total fines amounting to 1.073 billion yuan (approximately 10.73 billion) [1]. - The penalties included 30 instances in 2024, totaling 599 million yuan, and 50 instances in 2025, totaling 474 million yuan [1][2]. - The frequency and severity of penalties have increased, with a 66.67% rise in the number of firms penalized in 2025 compared to 2024 [3]. Specific Cases - In September 2024, the CSRC issued a record fine of 325 million yuan against PwC Zhongtian for its audit of Evergrande, which was nearly equivalent to the total fines imposed on over 50 firms in the previous three years [2]. - In December 2025, Yongtuo Accounting Firm became the first firm banned from providing securities services since the implementation of the securities audit registration system in 2020, with a fine of 65.28 million yuan [3]. Individual Accountability - In 2024, 77 individuals were penalized, with fines totaling 29.1 million yuan, and 7 individuals faced bans from the securities market for 3 to 7 years [2]. - In 2025, the number of penalized individuals rose to 132, with total fines of 46.155 million yuan, marking increases of 71.43% and 58.61% respectively [3]. Systemic Improvements - Experts emphasize that strengthening accountability for accounting firms is crucial for building a comprehensive system to prevent financial fraud in the capital market [5][6]. - The CSRC's approach includes a "zero tolerance" policy towards violations, aiming to enhance the quality of audits and ensure the reliability of financial information [6]. Recommendations for Future Actions - Suggestions include implementing a "double penalty" system that holds both firms and individual auditors accountable, increasing fines for serious violations, and establishing a mechanism linking personal integrity records to professional qualifications [7][8]. - There is a call for improved collaboration among regulatory bodies to create a comprehensive accountability system that integrates administrative, civil, and criminal measures against accounting firms [8][9].