Core Viewpoint - Swift Global Holdings (00540) announced the resignation of its auditor, PricewaterhouseCoopers, effective from August 29, 2025 [1] Group 1 - The audit committee recommended the appointment of ShineWing (Hong Kong) CPA Limited as the new auditor to fill the vacancy left by PricewaterhouseCoopers [1] - The appointment of the new auditor is subject to approval at a special general meeting of the shareholders [1] - The term of the new auditor will last until the conclusion of the next annual general meeting of the company [1]

Group 1 - The International Monetary Fund (IMF) delegation, led by Edward Jemeier, concluded a visit to Senegal focusing on addressing discrepancies in the country's financial data from 2019 to 2023 as disclosed by the audit court [1] - The IMF's visit from August 19 to 26 assessed Senegal's current debt situation and the government's proposed fiscal reform plans, highlighting efforts in fiscal transparency and accountability [1] - The audit firm Mazars revised Senegal's government debt level to 111% of GDP by the end of 2023, significantly higher than the previously reported 74.4%, with projections indicating an increase to 118.8% by the end of 2024 [1] Group 2 - Senegal's economy showed resilience in the first quarter of this year, with a growth rate of 12.1%, primarily driven by the expansion of the oil and gas sector, while non-oil and gas growth remained moderate [1] - Key corrective measures discussed include centralized debt management, clearing outstanding payments, establishing a debt database, and consolidating treasury accounts, with ongoing discussions to be submitted for IMF executive board review [1] - Senegal aims to seek a new round of IMF support aligned with its "Vision 2050," focusing on fiscal transparency, inclusive growth, human capital, and climate resilience [2]

Group 1 - Hainan Airlines Holdings Co., Ltd. is planning a significant asset restructuring and has disclosed the draft asset purchase report on June 7, 2025 [1] - The independent financial advisor for the restructuring project is China Galaxy Securities Co., Ltd. [1] - The signing accountants for the project have changed from Li Hui and Cui Xiurong to Cui Xiurong and Su Wenjuan due to Li Hui's signing period expiring after five years [1] Group 2 - Su Wenjuan has been engaged in listed audit services since 2014 and became a Chinese certified public accountant in 2017, possessing extensive experience in the field [1] - Both Cui Xiurong and Su Wenjuan have agreed to assume their respective responsibilities and have committed to the authenticity, accuracy, and completeness of the documents they sign [2] - The independent financial advisor has reviewed the special report issued by Cui Xiurong and Su Wenjuan, confirming that they have fulfilled their due diligence obligations and that the changes will not adversely affect the transaction [2]

Core Insights - Tianzhi International has demonstrated its leadership in the accounting field by winning both the Beijing Accounting Knowledge Competition and the National Accounting Knowledge Competition, showcasing its talent cultivation capabilities [1][2][3] Group 1: Achievements - Tianzhi International won the championship at the Beijing Accounting Knowledge Competition on August 21 and received the "Excellent Organization Award" [1] - The firm also secured the first place in the National Accounting Knowledge Competition organized by the Ministry of Finance on August 19, highlighting its competitive edge [1] - The firm has trained over a hundred high-end accounting talents, with four members selected for the Ministry of Finance's 2025 high-level accounting talent enhancement program [2] Group 2: Talent Development Strategy - The company emphasizes a talent strategy that promotes young employees to key positions, resulting in a youthful, professional, and international talent pool [2] - Tianzhi International has implemented a long-term "High-end Talent Enhancement Plan," investing annually in employee training for professional skills and comprehensive quality [1][2] - The firm employs a mentorship system and offers a series of training courses tailored to different levels and departments to continuously improve professional capabilities [1][2] Group 3: Professional Research and Support - Tianzhi International has established a professional technical committee led by senior partners to conduct in-depth research on accounting standards, audit techniques, and risk management [2] - The firm has completed multiple research projects for authoritative bodies such as the State-owned Assets Supervision and Administration Commission and the Ministry of Finance, contributing to the industry [3] - The company has developed advanced digital systems to enhance professional capabilities and talent training, including operational systems and AI application platforms [2] Group 4: Future Outlook - Tianzhi International aims to continue its commitment to "creating value through professionalism," focusing on deepening talent strategies and professional development [3] - The firm plans to supply more high-quality talents to the industry and provide superior professional services to clients [3]

Core Viewpoint - The article discusses a landmark case regarding the liability of intermediary institutions in securities false statements within the New Third Board market, emphasizing the application of the "presumed reliance principle" in establishing causation for investor losses [2][7]. Summary by Sections Basic Case Facts - In December 2013, a technology company's stock was publicly listed on the New Third Board, with a securities company acting as the lead underwriter and an accounting firm providing audit reports [3]. - In June 2017, a new audit report revealed significant internal control deficiencies in the technology company, leading to a sharp decline in its stock price [3][4]. Court Ruling - The Shanghai Financial Court ruled that investors relied on market prices for their investment decisions, allowing for the application of the "presumed reliance principle" [5]. - The lead underwriter was found liable for failing to conduct adequate due diligence during the listing phase, while it was not held liable during the ongoing supervision phase due to the lack of regulatory requirements for substantive review of financial data [5]. - The accounting firm was deemed to have significant deficiencies in its audit procedures, leading to a 20% liability for the losses incurred by investors [6]. Significance of the Ruling - This case is the first of its kind in the New Third Board market, clarifying the responsibilities of intermediary institutions in different phases of the listing process [7]. - It establishes that the nature of due diligence obligations must be differentiated and that the liability of intermediary institutions should be assessed based on compliance with regulatory standards and industry practices [7].

Group 1 - The Jiangsu Provincial Audit Office has launched a large-scale audit investigation to track the implementation of equipment renewal and consumer goods replacement policies, aiming to enhance market vitality [1] - The audit focuses on four key areas: the organization of "two new" policy measures, management of large-scale equipment renewal projects, implementation of consumer goods replacement actions, and the allocation and management of "two new" funds [1] - The investigation will assess the scientific nature of policy measures, completion of target tasks, effectiveness of policy implementation, and the efficiency of policy support measures [1] Group 2 - The audit will examine the authenticity of application materials, the standardization of project reviews, and the consistency between project construction and approvals for equipment renewal projects [1] - It will also evaluate the convenience of subsidy procedures, timeliness of subsidy fund disbursement, and authenticity of subsidy recipients in the consumer goods replacement policy, particularly in sectors like automobiles and home appliances [1] - The audit will focus on the rationality of fund allocation methods, timeliness of fund disbursement, and compliance in the use of funds related to ultra-long-term special government bonds [1]

Group 1 - The company announced the appointment of Tianjian Accounting Firm (Special General Partnership) as the auditor for the fiscal year 2025 [2]

Core Viewpoint - Sanjia Technology announced the approval of key resolutions at its fourth extraordinary general meeting of shareholders for 2025, including the appointment of a new auditing firm and a loan application [1] Group 1: Audit and Financial Oversight - The company has appointed Rongcheng Certified Public Accountants (Special General Partnership) as the auditing firm for its 2025 financial report and internal control audit [1] - This change in auditors may reflect the company's strategy to enhance financial oversight and compliance [1] Group 2: Loan and Financial Support - Sanjia Technology and its subsidiaries have proposed to apply for comprehensive loan credit from banks [1] - This move indicates the company's intention to secure additional financial resources to support its operations and growth initiatives [1]

Core Points - Dah Sing Bank Group has announced the appointment of KPMG as the external auditor for the company and its subsidiaries for the fiscal year ending December 31, 2026 [1] - The current auditor, PwC, will retire at the end of the company's annual general meeting in 2026, with KPMG's appointment taking effect immediately after [1]

Core Insights - The audit in Hainan Province completed 107 projects last year, focusing on various aspects such as policy implementation, financial performance, major project construction, and risk prevention, resulting in the identification of 44.28 billion yuan in irregularities and the establishment of 139 regulatory measures [1][2] Group 1: Audit Achievements - Hainan's audit efforts were aligned with the goal of supporting the Hainan Free Trade Port's closure operations, emphasizing the importance of economic order and healthy development [1] - The audit revealed significant issues in fiscal management at both provincial and municipal levels, indicating a need for improved fund allocation and performance [2] Group 2: Future Audit Focus - In 2024, Hainan plans to enhance audit resources at the grassroots level, targeting micro-corruption and ensuring equitable access to public services for citizens [1][2] - The audit will prioritize safeguarding public welfare and addressing issues related to financial discipline, aiming to ensure that benefits from the Free Trade Port development are fairly distributed [2]