Core Viewpoint - The Ministry of Finance has issued a notice to clarify accounting responsibilities, aiming to strengthen the enforcement of accounting laws and regulations, and to enhance the quality of accounting information while combating financial fraud [1][4]. Group 1: Accounting Responsibility Framework - The accounting work involves multiple stakeholders, including companies, accounting personnel, accounting service institutions, government departments, and industry associations, necessitating a clear and efficient accounting responsibility system [2]. - The notice outlines the accounting responsibilities of various parties, emphasizing the need for companies to ensure the authenticity and completeness of accounting data and to strengthen internal and external supervision [2][3]. - The establishment of a clear accounting responsibility list is intended to enhance the legal awareness and accountability of all parties involved in accounting work [1][2]. Group 2: Measures Against Financial Fraud - The notice prohibits companies from pressuring auditors to issue false or inappropriate audit reports and from linking audit results to payment for services, addressing conflicts of interest that may compromise audit quality [3]. - Specific responsibilities are defined for various personnel within a company, ensuring that all employees contribute to providing accurate and complete documentation, which aids in tracing the origins of financial fraud [3]. - The ultimate goal of these measures is not merely to assign blame but to ensure compliance with accounting laws and regulations, thereby improving the overall quality of accounting information [4].

Core Viewpoint - The Ministry of Finance has issued a notice to clarify accounting responsibilities, aiming to strengthen the enforcement of accounting laws and regulations, and to enhance the quality of accounting information while combating financial fraud [2][5]. Group 1: Accounting Responsibility Framework - The accounting work involves multiple stakeholders, including companies, accounting personnel, accounting service institutions, government departments, and industry associations, necessitating a clear and efficient responsibility system [3]. - The notice outlines the responsibilities of various parties, emphasizing the need for companies to ensure the authenticity and completeness of accounting data and to strengthen internal and external supervision [3][4]. - The establishment of a clear accounting responsibility list is intended to enhance the legal awareness and accountability of all parties involved in accounting work [2][3]. Group 2: Measures Against Financial Fraud - The notice prohibits companies from pressuring auditors to issue false reports and from linking audit fees to audit outcomes, addressing conflicts of interest that may compromise audit quality [4]. - Specific responsibilities are defined for various personnel within companies, ensuring that all employees contribute to providing accurate and complete documentation, which aids in tracing the origins of financial fraud [4]. - The ultimate goal of clarifying accounting responsibilities is to improve compliance with accounting laws and regulations, thereby enhancing the overall quality of accounting information [5][6].

Core Viewpoint - The Ministry of Finance issued an opinion on November 11 to enhance the legal compliance and responsibility in accounting work, aiming to create a more effective accounting responsibility system [1] Group 1: Legal Awareness and Responsibility - The opinion emphasizes the need to strengthen the legal awareness, rule awareness, and responsibility awareness among relevant parties involved in accounting [1] - It calls for a clear definition of responsibilities and efficient collaboration among all parties in the accounting responsibility system [1] Group 2: Supervision and Management - The Ministry of Finance is tasked with enhancing the supervision and management of accounting work [1] - The opinion prohibits any form of coercion or suggestion to auditors or their firms to issue false or inappropriate audit reports [1] Group 3: Payment Conditions for Audit Services - It is stated that audit service fees must not be contingent upon audit results, stock public offerings, bond issuance outcomes, or achieving specific objectives [1]

Core Viewpoint - The Ministry of Finance issued an opinion on November 10 to strengthen accounting responsibilities and improve the quality of accounting information, emphasizing the importance of a unified accounting system in the socialist market economy [1][5]. Group 1: Accounting Responsibilities - The newly issued opinion consolidates existing regulations regarding accounting responsibilities into a clear accounting responsibility list, enhancing legal awareness and accountability among relevant parties [2]. - The opinion outlines specific requirements for various stakeholders, including ensuring the authenticity and completeness of accounting data, strengthening internal supervision, and complying with external oversight [2][4]. Group 2: Specific Requirements - The opinion specifies that units must not engage in false accounting practices or cooperate in financial fraud, which is crucial for maintaining the independence of accounting firms [3][4]. - Responsibilities are clearly defined for unit leaders, chief accountants, and accounting personnel, ensuring accountability for the accuracy of accounting records [3][4]. Group 3: Impact on Accounting Practices - The opinion aims to clarify responsibilities down to the source of economic activities, which is expected to reduce fraudulent practices and enhance the quality of accounting information [4]. - It also emphasizes the role of accounting service institutions, urging them to improve their practices and audit quality, which is vital for the overall integrity of the accounting profession [4]. Group 4: Implementation and Future Outlook - The research for this opinion began in December 2024, with a draft circulated for feedback in June 2025, indicating a thorough consultation process [5]. - The implementation of this opinion is seen as a significant step towards establishing a unified national market and enhancing financial supervision, ultimately supporting high-quality economic development [5].

Core Viewpoint - The Ministry of Finance has issued an opinion to strengthen the accounting responsibility system in accordance with the Accounting Law and national accounting standards [1][2] Group 1: Overall Requirements - The opinion outlines the guiding ideology and main objectives for enhancing the accounting responsibility system [2] Group 2: Responsibilities of Accounting Entities - It specifies the responsibilities of entities as accounting subjects, including handling accounting affairs, strengthening organizational structure, and conducting internal and external supervision [2] Group 3: Responsibilities of Personnel - The opinion clarifies the accounting responsibilities of various personnel, including the entity's leader, chief accountant, accounting staff, and other personnel [2] Group 4: Responsibilities of Accounting Service Institutions - It defines the responsibilities of accounting service institutions, including bookkeeping agencies, accounting firms, certified public accountants, and accounting software service providers [2] Group 5: Government Regulatory Responsibilities - The opinion outlines the accounting regulatory responsibilities of government departments, including finance departments and relevant supervisory bodies [2] Group 6: Self-Regulatory Responsibilities of Industry Associations - It specifies the self-regulatory responsibilities of industry associations, such as the Certified Public Accountants Association and bookkeeping industry associations [2] Group 7: Strengthening Organizational Leadership - The opinion emphasizes the need for various regions and departments to conduct training and ensure the implementation of the responsibilities outlined [2]

Core Viewpoint - The Ministry of Finance has issued an opinion aimed at strengthening the responsibilities in accounting work and ensuring the implementation of accounting laws and the national unified accounting system, focusing on the authenticity and completeness of accounting data and improving the quality of accounting information [1] Group 1: Objectives and Focus - The opinion emphasizes the goal of ensuring the authenticity and completeness of accounting data and improving the quality of accounting information [1] - It highlights the importance of clarifying legal responsibilities, guiding accountability, and enforcing accountability measures [1] - The focus is on implementing accounting laws and the national unified accounting system to enhance legal awareness, regulatory awareness, and responsibility awareness among relevant parties [1] Group 2: Responsibilities and Collaboration - The opinion aims to reasonably distinguish between the accounting responsibilities of units, the audit responsibilities of accounting firms, and the responsibilities of stakeholders [1] - It seeks to implement financial and accounting supervision responsibilities, creating a clear, collaborative, and efficient accounting responsibility system [1] - The goal is to foster a compliant accounting work environment that supports optimal resource allocation, maintains market order, and enhances national governance capabilities [1] Group 3: Economic Development - The opinion underscores the foundational role of accounting work in better serving high-quality economic development [1]

Core Viewpoint - The Ministry of Finance has issued an opinion to strengthen the responsibility of accounting work and enhance the implementation of accounting laws and regulations, aiming to ensure the authenticity and completeness of accounting data and improve the quality of accounting information [1] Group 1: Objectives and Requirements - The overall requirement is to implement the decisions made by the Central Committee and the State Council regarding strict financial discipline and combating financial fraud [1] - The focus is on clarifying legal responsibilities, guiding accountability, and enforcing accountability measures [1] Group 2: Responsibilities and Awareness - The opinion emphasizes enhancing the legal awareness, regulatory awareness, and responsibility awareness of relevant parties [1] - It aims to reasonably distinguish between the accounting responsibilities of units, the audit responsibilities of accounting firms, and the responsibilities of stakeholders [1] Group 3: Accountability System - The goal is to establish a clear, collaborative, and efficient accounting work responsibility system [1] - It seeks to create a legally compliant accounting work environment that effectively supports resource allocation optimization, market order maintenance, and national governance capability enhancement [1] Group 4: Economic Development - The initiative is designed to better serve the high-quality development of the economy [1]

Core Viewpoint - The article discusses the recent issuance of the "Opinions" by the Ministry of Finance, which aims to strengthen the accountability and legal framework surrounding accounting practices in China, addressing issues such as unclear responsibilities and inadequate enforcement of accountability [3][5]. Group 1: Accountability in Accounting - The "Opinions" delineate the responsibilities of various parties involved in accounting, including units, accounting firms, and stakeholders, to enhance the quality of accounting information and combat financial fraud [3][5]. - Units are required to ensure the authenticity and completeness of accounting records, prohibiting actions such as falsifying financial reports or destroying accounting materials [4][5]. - Unit leaders are held accountable for the accuracy of accounting work and must not pressure accounting personnel to engage in illegal activities [4][5]. Group 2: Responsibilities of Accounting Service Providers - Accounting service providers, including bookkeeping agencies and auditors, are mandated to refuse any requests for improper accounting practices and must report any violations discovered during audits [5][6]. - The Ministry of Finance has intensified accountability measures, imposing administrative penalties on numerous accounting firms and professionals to enhance compliance and deter misconduct [5][6]. Group 3: Regulatory Framework and Implementation - The "Opinions" emphasize the need for strict adherence to the unified national accounting system, with specific roles assigned to various regulatory bodies to ensure compliance and enhance the effectiveness of financial oversight [6][7]. - The Ministry of Finance aims to clarify the responsibilities outlined in accounting laws and regulations, thereby promoting legal awareness and accountability among accounting professionals [6][7].

Core Viewpoint - The Ministry of Finance of China has issued an opinion to clarify responsibilities in accounting work, aiming to enhance financial accounting supervision and improve the quality of accounting information, thereby combating financial fraud and ensuring accountability [1][5]. Group 1: Responsibilities of Accounting Units - Units are required to ensure the authenticity and completeness of accounting materials and must not engage in fraudulent accounting practices [1][2]. - Unit leaders are held accountable for the accuracy of accounting work and must not coerce accounting personnel into illegal activities [2][3]. - Accounting personnel have the right to reject false documents and report any attempts of financial fraud to their superiors [2][3]. Group 2: Responsibilities of Accounting Service Institutions - Accounting service institutions must refuse to process improper accounting requests and must not conceal issues found during audits [3][4]. - Registered accountants are prohibited from issuing false audit reports and must report any violations of accounting laws by the audited entities [3][4]. Group 3: Regulatory Framework and Implementation - The opinion emphasizes the need for a unified national accounting system and outlines the responsibilities of various supervisory departments [4][5]. - The Ministry of Finance is tasked with formulating the national accounting system, while other departments must adhere strictly to these regulations without unauthorized modifications [4][5]. - The opinion aims to enhance the authority and effectiveness of the national accounting system, ensuring comparability of accounting information across market entities [4][5].

Core Viewpoint - The Ministry of Finance has issued new regulations to enhance accounting responsibility and improve the quality of accounting information, emphasizing the importance of a unified accounting system in China [1][2]. Group 1: Accounting Responsibility - The new regulations aim to clarify accounting responsibilities across various entities, enhancing legal awareness and accountability in accounting practices [2][3]. - The regulations categorize and consolidate existing accounting responsibilities, emphasizing the need for units to ensure the authenticity and completeness of accounting data [2][4]. - Specific requirements are set for units to manage accounting affairs legally, ensure proper staffing, and strengthen internal and external supervision [2][3]. Group 2: Addressing Financial Fraud - The regulations explicitly prohibit units from engaging in fraudulent accounting practices and emphasize the independence of accounting firms [3][4]. - Responsibilities are clearly defined for unit leaders, chief accountants, and accounting personnel, ensuring accountability from the source of economic activities [3][4]. - By clarifying responsibilities down to the economic transaction level, the regulations aim to eliminate the conditions that foster financial fraud [4]. Group 3: Role of Accounting Service Institutions - The regulations stress the importance of accounting firms and certified public accountants in maintaining audit quality and compliance [4]. - Requirements are also set for accounting software providers to enhance data quality and usability, promoting healthy development in accounting information systems [4]. Group 4: Implementation Timeline - The Ministry of Finance began research on these regulations in December 2024 and plans to issue a draft for public consultation by June 2025 [4].