经审核委员会推荐，董事会已决议提议于罗兵咸永道退任后委任安永会计师事务所为公司核数师。 智通财经APP讯，中国水务(00855)发布公告，公司现任核数师罗兵咸永道会计师事务所(罗兵咸永道)的 任期将于即将举行的公司股东周年大会(股东周年大会)结束时届满。据此，罗兵咸永道将于股东周年大 会退任，且不会寻求续聘。 ...

Group 1 - Xinyong Zhonghe received a regulatory letter from the Shenzhen Stock Exchange for five violations in the annual audit of Hailian Jinhui's 2023 financial statements, marking the ninth time this year the firm has been named by regulators [1][2] - The violations included inadequate execution of key audit procedures, insufficient risk assessment, and failure to properly conduct revenue, inventory, and cost audits [2][3] - The firm has faced penalties exceeding 14 million yuan this year due to false records in annual audit reports for multiple companies [1][4] Group 2 - Zhongxing Caiguanghua also received a warning from the Xiamen Securities Regulatory Bureau for six issues in the annual audit of Xiamen Haiheda Electronics, including deficiencies in control testing and revenue audit procedures [2][3] - The Xiamen Securities Regulatory Bureau highlighted that Haiheda had issues with financial internal controls, leading to inflated revenue and profits in its 2023 annual report [4] - A total of 38 accounting firms have received regulatory letters or administrative penalties since 2025, with 42% of them facing fines, typically ranging from 2 million to 50 million yuan [1][7] Group 3 - Among the 38 firms penalized, 16 were ordered to rectify their practices while also facing confiscation of illegal income and fines, with some firms like Daxin and Zhongxing Caiguanghua facing penalties exceeding 10 million yuan [7] - Daxin Accounting Firm has received six administrative penalties this year for false records in annual reports, totaling fines of 47.59 million yuan [7]

Core Viewpoint - The article highlights the increasing scrutiny and penalties faced by accounting firms in China, particularly focusing on the violations committed by Xinyong Zhonghe and Zhongxing Caihua in their audit practices, which have led to regulatory actions and fines [1][2][4]. Group 1: Violations and Penalties - Xinyong Zhonghe received a regulatory letter from the Shenzhen Stock Exchange for five violations in the audit of Hailian Jinhui's 2023 annual financial report, including inadequate execution of audit procedures and failure to maintain professional skepticism [2][4]. - Zhongxing Caihua was warned by the Xiamen Securities Regulatory Bureau for six issues in the audit of Xiamen Haiheda's 2023 annual report, including deficiencies in control testing and revenue audit procedures [2][3]. - In 2025, 38 accounting firms have received regulatory letters or administrative penalties, with 40% facing fines typically ranging from 2 million to 50 million yuan [1][6]. Group 2: Specific Cases and Financial Impact - Xinyong Zhonghe has faced a total of nine penalties in 2025, with fines exceeding 14.34 million yuan due to violations in annual report audits [4][5]. - Specific penalties include a fine of 3.35 million yuan for significant omissions in the audit of Zhongtai Chemical's 2021 report and a fine of 420,000 yuan for false records in the audit of Hengxin Xili [5][6]. - Among the 38 penalized firms, 16 have had their illegal income confiscated and fined, accounting for 42% of the total, with some firms facing fines exceeding 10 million yuan [6].

Core Viewpoint - Tianzhi International Accounting Firm received a regulatory letter from the Shenzhen Stock Exchange for violations during the audit of Dayang Electric's 2023 financial statements, highlighting deficiencies in audit procedures and internal controls [1][2][6]. Group 1: Violations Identified - Tianzhi International failed to adequately execute risk assessment and internal control testing procedures, including insufficient execution of walkthrough tests and control tests [1][5]. - The firm did not properly conduct audit procedures related to revenue, inventory, and costs, including inadequate testing of revenue recognition, inventory impairment provisions, manufacturing expenses, accounts payable, government subsidies, and other receivables [1][5]. - There were deficiencies in confirmation, audit sampling, and the use of expert work, such as not investigating discrepancies in confirmation letters and inappropriate sampling methods [1][5]. Group 2: Regulatory Framework - The actions of Tianzhi International violated multiple articles of the Shenzhen Stock Exchange's "Stock Listing Rules (Revised August 2023)," including Article 1.4, which mandates compliance with laws and regulations by all parties involved in significant transactions [2][3]. - Article 12.1.2 emphasizes the need for intermediary institutions to act diligently and ethically, which was not adhered to by the auditors involved [2][3]. - Article 12.3.3 requires accounting firms to maintain a risk-oriented audit approach and to execute audit procedures thoroughly, which was also not followed in this case [2][4].

Core Viewpoint - Tianzhi International Accounting Firm and its certified public accountants Han Yangguang and Pan Pingping have been issued a regulatory letter by the Shenzhen Stock Exchange due to violations in the audit of Zhongshan Dayang Electric Motor Co., Ltd.'s 2023 financial statements [1][2][7]. Group 1: Violations Identified - Tianzhi International failed to adequately execute risk assessment and internal control testing procedures, including insufficient execution of walkthrough tests and control tests [1][6]. - The firm did not properly conduct audit procedures related to revenue, inventory, and costs, including inadequate procedures for revenue recognition and goodwill impairment [1][6]. - There were deficiencies in audit sampling, confirmation, and expert work, such as not investigating discrepancies in confirmation replies and inappropriate sampling methods [1][6]. Group 2: Regulatory Framework - The actions of Tianzhi International violated multiple articles of the Shenzhen Stock Exchange's "Stock Listing Rules (Revised August 2023)," including Articles 1.4, 12.1.2, 12.1.3, 12.1.4, and 12.3.3 [2][7]. - The rules stipulate that intermediary institutions must act diligently and responsibly, maintain effective quality control systems, and ensure the accuracy and completeness of the documents they produce [3][4][7]. Group 3: Recommendations - The Shenzhen Stock Exchange has urged Tianzhi International to strictly adhere to relevant laws, industry standards, and the Exchange's business rules, emphasizing the need for improved quality management and audit execution [2][7].

Core Viewpoint - The article discusses the regulatory actions taken by the Shenzhen Stock Exchange against Da Xin Accounting Firm and its certified public accountants for violations during the audit of Guanhao Biotechnology Co., Ltd.'s 2023 financial statements [2][3][4]. Summary by Sections Audit Violations - Da Xin Accounting Firm exhibited several violations in the audit of Guanhao Biotechnology's 2023 financial statements, including inadequate execution of risk assessment and internal control testing procedures [2][3]. - Specific deficiencies included insufficient execution of walkthrough tests and accounting entry tests, as well as a lack of control testing for certain business operations [2][3]. Inadequate Audit Procedures - The audit procedures related to revenue, long-term assets, inventory, and costs were not adequately performed, with particular shortcomings in the audit of certain business revenues and long-term assets such as construction in progress, intangible assets, and fixed assets [2][3]. - There were also deficiencies in the audit procedures for sales expenses and inventory, as well as inadequate responses to key audit matters regarding revenue recognition [2][3]. Confirmation Procedures - The firm failed to properly execute confirmation procedures, including a lack of attention to abnormal responses and inadequate alternative procedures [2][3]. Compliance Issues - Da Xin Accounting Firm's actions violated the Shenzhen Stock Exchange's "Rules for Listing of Stocks on the Growth Enterprise Market (Revised August 2023)" [4]. - The certified public accountants, Li Cheng and Huang Ying, did not fulfill their duties diligently, also violating the same listing rules [4]. Recommendations - The Shenzhen Stock Exchange urged Da Xin Accounting Firm to strictly adhere to relevant laws, regulations, and industry standards, emphasizing the need for improved quality management and audit execution [4].

Group 1 - The IPO process is complex and heavily regulated, with tax compliance being a critical factor for successful market entry [1] - The forum highlighted concerns from various companies regarding tax compliance during the IPO process, emphasizing the need for understanding tax challenges [1] - Key points discussed included tax implications of equity structure arrangements aimed at optimizing governance, implementing incentives, and attracting strategic investors [1] Group 2 - Tax treatment of equity incentives and employee stock ownership plans requires clarity on the timing of individual income tax obligations, with deferred tax applications available under certain conditions [2] - The tax treatment of compensation methods in performance-based agreements has significant uncertainties, necessitating clear definitions of compensation parties and methods in agreements [2] - Risks associated with equity holding arrangements include potential tax liabilities for nominal shareholders, which can be mitigated through legal confirmation and communication with tax authorities [2] Group 3 - The forum was organized by Zhonghui Accounting Firm, with support from Panoramic Network, featuring experts from major stock exchanges discussing the latest policies and reporting requirements [2] - The event aimed to create an efficient dialogue platform for stakeholders involved in the IPO process, facilitating connections between high-quality enterprises and the capital market [2]

Group 1 - The report by KPMG China indicates that China's economic growth will continue to be driven by resilient consumption, supported by policies aimed at stabilizing employment and promoting consumption [1] - In the first half of 2025, China's GDP growth rate reached 5.3%, with a quarter-on-quarter growth of 1.1% in Q2, surpassing the historical average since 2021 [1] - Retail sales of consumer goods increased by 5% year-on-year in the first half of the year, benefiting from policies like the "old-for-new" subsidy and e-commerce promotions [1] Group 2 - The report highlights that the government is actively improving social security and increasing residents' income, with new policies such as childcare subsidies and free preschool education being implemented [1] - China's exports showed unexpected resilience, growing by 5.9% year-on-year in the first half of the year, which is 2.2 percentage points higher than the same period last year [1] - The government's focus on addressing "involution" competition is expected to improve pricing and profitability in certain industries, potentially restoring investment willingness among manufacturing enterprises [2]

展望下半年，毕马威中国认为，货币政策将保持流动性充裕，并把握好政策实施的力度和节奏，延续上 半年多目标轮动的特征。因货币政策的传导需要时间，已经实施的货币政策的效果还会进一步显现。短 期货币政策或进入观察期，不急于进一步加码宽松，对防风险、防空转的关注度可能再次提升。但年内 降准降息的可能性和必要性仍存，以促进社会综合融资成本进一步下行。 （文章来源：证券时报网） 展望下半年，报告认为，伴随着稳就业和促消费政策的持续发力，服务消费和新型消费的不断拓展，消 费仍将保持一定韧性，继续发挥经济增长的主引擎作用。 货币政策方面，报告提到，上半年央行相机抉择，政策目标优先级动态调整。一季度因前期政策效果仍 在持续显现，国内经济开局良好，逆周期调节压力不大，货币政策更加侧重防风险、防空转，关注人民 币汇率波动、长债利率变化及银行净息差压力。二季度外部冲击逐渐显现，以5月7日一揽子金融政策的 推出为标志，货币政策优先目标转向稳增长和促进物价合理回升。 毕马威中国8月11日发布2025年三季度《中国经济观察》报告（以下简称"报告"）。报告提到，二季度 中国经济增速显现韧性。一方面，企业"抢出口"活动仍然活跃，带动国内生产保持 ...

Core Viewpoint - The Shenzhen Securities Regulatory Bureau issued a warning letter to Zhihong Accounting Firm and its accountants for deficiencies in the audit of Changliang Technology's 2023 annual report, highlighting significant issues in audit execution and compliance with auditing standards [2][4]. Summary by Sections Control Testing - Control tests were inadequately executed, particularly regarding the key control point "contract changes" in the sales and collection cycle, lacking sufficient audit evidence to prove the effectiveness of the control [4][5]. Revenue Audit Procedures - The audit procedures for revenue were insufficient, failing to consider significant discrepancies between estimated revenues at the end of 2022 and actual settlement amounts due to customer changes, as well as a substantial reduction in actual settlement amounts in January 2024 compared to estimates at the end of 2023 [5][6]. Accounts Receivable and Bad Debt Provision - The audit procedures for accounts receivable and bad debt provisions were not adequately performed, particularly regarding the reasonableness of significant changes in the forward-looking adjustment coefficients of the expected credit loss model and the review procedures for key parameters in migration rate calculations [6][7]. R&D Expenses - The audit procedures for R&D expenses were insufficient, failing to assess the reasonableness of recognizing certain intangible asset amortizations as R&D expenses [7][8]. Uncorrected Misstatements - There was a failure to aggregate and evaluate the impact of uncorrected misstatements that exceeded the threshold for clearly trivial misstatements, which is a violation of auditing standards [8][9]. Audit Documentation - Audit documentation was inadequate, with missing records for revenue detail tests and cutoff tests, and a lack of justification for the sample selection range in revenue cutoff tests [9].