Zitian Technology(SZ:300280) 券商中国·2026-01-17 07:12Core Viewpoint - The article discusses the administrative penalties imposed on Beijing Yatai International Accounting Firm for serious violations in auditing Fujian Zitian Media Technology Co., Ltd. (Zitian Technology), including concealing key audit work papers and providing false audit opinions [1][2][4]. Group 1: Violations and Findings - The firm concealed important audit work papers related to Zitian Technology, evading supervision from the Ministry of Finance [1]. - The firm failed to submit complete audit work papers during the inspection period, acknowledging the lack of cooperation [2]. - The firm prepared false audit work papers, hiding audit findings and issuing inappropriate audit opinions, including recognizing an inflated inventory figure of 718.63 million yuan [2][3]. Group 2: Specific Errors in Auditing - The firm did not identify errors in the consolidated financial statements of Zitian Technology, with a misreported amount of 122.05 million yuan exceeding the audit materiality level [3]. - There were errors in professional judgment regarding the accounting treatment of recharge business, leading to inappropriate audit opinions [3]. - The firm failed to prepare supporting audit work papers for the consolidated cash flow statement, undermining the audit conclusions [3]. Group 3: Penalties Imposed - The Ministry of Finance decided to impose a warning, confiscate illegal gains of 1.4 million yuan from the Zitian Technology audit, and impose a fine of 7.01 million yuan, along with a one-year suspension of business operations [5].