Chengdu Yunda Technology (SZ:300440) 梧桐树下V·2025-12-23 03:30Core Viewpoint - The Sichuan Securities Regulatory Bureau issued a warning letter to Xinyong Zhonghe Accounting Firm and related personnel due to deficiencies found in the audit of Chengdu Yunda Technology Co., Ltd.'s financial statements for 2020 and 2022 [1][3]. Group 1: Risk Assessment and Control Testing - In the 2020 audit, the firm failed to assume the risk of fraud related to revenue recognition and did not evaluate which types of revenue or transactions could lead to fraud risk [4]. - The 2022 audit did not adequately understand and evaluate internal controls related to goodwill impairment testing as planned [4]. Group 2: Substantive Procedures - The 2020 audit was inadequate in terms of revenue recognition, estimated liabilities, and confirmations. Key audit evidence was not obtained for certain revenue confirmations, such as the appropriateness of using the "total method" for revenue recognition by subsidiary Sichuan Huiyou Electric Co., Ltd. [5]. - The firm failed to summarize and evaluate accounting errors related to estimated liabilities that exceeded the trivial misstatement threshold [5]. - In the 2022 audit, there were deficiencies in auditing goodwill impairment and fixed asset impairment for certain subsidiaries, including errors in the calculation of goodwill related to Beijing Yunda Huakai Technology Co., Ltd. [5]. Group 3: Audit Working Papers Compilation - Some audit evidence was not documented, and there were errors or insufficient records in the audit working papers [6]. - These actions violated relevant provisions of the Chinese Certified Public Accountant Auditing Standards and the Management Measures for Information Disclosure of Listed Companies [6].