江苏证监局开出首例“禁业”处罚，涉事事务所这样子回应……

Core Viewpoint - The Jiangsu Securities Regulatory Commission has issued an administrative penalty against Yongtuo Accounting Firm for failing to perform due diligence during audits of three listed companies, marking the first instance of a ban on an audit firm from providing securities services since the revision of the Securities Law in 2019 [1][7]. Summary by Sections Administrative Penalty - Yongtuo Accounting Firm was penalized for its audit practices involving Hongda Xingye, Hengjiu Technology, and Kelin Environmental Protection, where it failed to exercise due diligence and issued false documents [4]. - The firm was ordered to correct its practices, with a total of 8.1132 million yuan in business income confiscated and a fine of 57.1698 million yuan imposed [6]. Specific Violations - The audit team for Hongda Xingye was found to have colluded with the company to falsify financial statements and misrepresent the use of raised funds [4]. - The partner responsible for Hengjiu Technology's audits was aware that the relevant business was incomplete and assisted in inflating profits [4]. - Yongtuo failed to adequately investigate the revenue recognition methods for Kelin Environmental Protection despite multiple warnings from regulatory bodies [5]. Consequences for Individuals - Nine responsible personnel received warnings and fines totaling 10.2 million yuan, with significant penalties for key individuals, including a lifetime ban for partner Chen Mouhong [6]. Firm's Response - Yongtuo has publicly acknowledged its internal management deficiencies and committed to rectifying its practices to prevent future violations [10]. - The firm claims to be a victim of the actions of a specific individual within its ranks, who allegedly engaged in corrupt practices [10][12]. Financial Impact - Yongtuo's total revenue for 2024 was reported at 323 million yuan, with securities business income accounting for 131 million yuan [8].