梧桐树下V·2026-01-29 15:20Core Viewpoint - The article discusses the regulatory actions taken by the Chongqing Securities Regulatory Bureau against two accounting firms, Dahua and Zhonghua, for deficiencies in their audit practices, highlighting the importance of compliance with auditing standards and the need for improved quality control in financial reporting [1][9]. Group 1: Dahua Accounting Firm - Dahua Accounting Firm faced issues during the audit of Chongqing Huasen Pharmaceutical Co., Ltd.'s 2023 financial statements, including incomplete documentation in risk assessment and inadequate execution of substantive procedures [4][6]. - Specific deficiencies included incomplete risk assessment forms, insufficient evidence for control tests in the procurement and payment cycle, and inadequate substantive testing for inventory impairment and valuation [5][6]. - The firm was found to have violated multiple auditing standards and regulations, leading to the issuance of a warning letter and a requirement to enhance compliance and quality control measures [7]. Group 2: Zhonghua Accounting Firm - Zhonghua Accounting Firm encountered problems while auditing Chongqing Shunbo Aluminum Alloy Co., Ltd.'s 2024 financial report, particularly in risk assessment and substantive procedures [9][10]. - The audit documentation lacked records for reassessing materiality based on significant post-balance sheet events, and there were failures in executing revenue cutoff tests and impairment testing for receivables and inventory [11][12]. - Similar to Dahua, Zhonghua was also issued a warning letter for non-compliance with auditing standards, emphasizing the need for stricter adherence to regulations and improved audit quality [12].