多宗撤单IPO项目中，发行人、中介机构集体吃罚单。 今年以来，IPO监管延续从严态势，"一案多罚"的情况屡屡出现。就在近期，因一单"带病闯关"的IPO项 目，保荐券商、会计师事务所以及多名相关责任人齐齐受罚。 深交所官网显示，该所对辉芒微电子（深圳）股份有限公司（下称"辉芒微"）创业板IPO的多家中介开 出罚单——中信证券、大华会计师事务所（下称"大华所"）遭书面警示，2名保代、2名签字会计师被通 报批评，违规事项包括未充分核查发行人经销收入的内控有效性等。 随着罚单落地，辉芒微IPO"带病闯关"的细节被同步揭开。近四年间，该公司两度"冲A"，先后瞄准科 创板、创业板，其间还曾"一查就撤"，在被抽中现场检查的当月便匆匆撤回申报材料。 据第一财经梳理，此前年内还有多单IPO项目出现"一案多罚"，涉及科凯电子创业板IPO、安芯电子科 创板IPO等。上述IPO项目多为撤单项目，然而，监管持续紧盯IPO"一撤了之"的情况，对问题项目，一 经查实，中介机构难逃追责。 两度闯关IPO均撤材料 在辉芒微创业板IPO撤单一年多之后，该项目被查明存在多宗违规，系列罚单摆在了中介机构面前。 两年多之前，该公司瞄准创业板上市。据深 ...

Core Viewpoint - The recent cancellation of the registration of three accounting firms indicates the effective implementation of the newly revised "Administrative Measures for the Registration of Accounting Firms Engaging in Securities Services," showcasing the emergence of a survival of the fittest mechanism in the industry [1][3]. Group 1: Regulatory Changes - The new regulations allow for the cancellation of registration for accounting firms that voluntarily apply for it, fail to report significant events, or have false or misleading information in their registration materials [1]. - The cancellation of registration is not a permanent status, establishing a dynamic mechanism for quality control in the securities auditing market [1]. Group 2: Recommendations for Improvement - Establish a rating system for accounting firms engaged in securities services, with annual evaluations based on current performance and historical audit cases, categorizing firms into grades A, B, C, and D [2]. - Mandatory disclosure of the latest ratings for accounting firms hired by listed companies, with specific warnings for those hiring D-rated firms, and requirements to disclose audit fees [2]. - Increase the circumstances under which firms can be deregistered, including automatic deregistration for the lowest-rated firms and those with significant violations [2]. - Create a seamless transition system for audit services when a firm is deregistered, ensuring continuity in audit operations [2]. Group 3: Liability and Accountability - The structure of special partnerships in accounting firms may allow partners to evade responsibility for misconduct; thus, there is a need to clarify conditions under which partners can be held jointly liable [3]. - The cancellation of registration for accounting firms should not absolve them of civil liability, and a simplified compensation process for investors should be explored [2][3].

Core Viewpoint - New City Joy Service has faced significant issues regarding its financial reporting and auditing, leading to the resignation of its auditor, PwC Hong Kong, due to disagreements over additional audit fees and undisclosed transactions with related parties [1][4][6]. Group 1: Company Background - New City Joy Service is primarily engaged in property management and value-added services, with its actual controller being Wang Zhenhua, the former chairman of New City Holdings [2]. - PwC has served as the auditor for New City Joy Service since its listing in 2018, covering all six reporting periods from 2018 to 2023 [2]. Group 2: Financial Performance - The company announced a projected net loss for 2024 between approximately RMB 700 million and RMB 900 million, attributed to increased credit impairment losses and goodwill impairment due to intensified industry competition [2][3]. - As of December 31, 2024, the company had previously provided financial assistance to related parties, with a maximum outstanding balance of RMB 800 million, all of which has since been repaid [3]. Group 3: Audit Issues - During the audit of the 2024 financial results, PwC discovered several transactions with related parties that were not recorded in the company's financial statements, leading to discrepancies in bank reconciliation statements [2][4]. - Following the discovery, an independent investigation committee was formed by the company's board to address the issues raised by PwC [4]. Group 4: Auditor Resignation - PwC submitted a proposal for additional audit fees due to the extra time required for the investigation but was rejected by New City Joy Service, which led to the recommendation for PwC's resignation [4][6]. - The resignation of PwC is notable as it is uncommon for auditors to be suggested for resignation by the companies they audit, particularly over fee disagreements [1][6]. Group 5: Market Context - The resignation of auditors in the Hong Kong market is relatively rare, with most cases arising from either the inability to complete audits on time or disagreements over audit fees [6][7]. - PwC has seen a decline in its audit engagements, with a significant drop in the number of annual report audits in both A-share and Hong Kong markets compared to the previous year [8].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed penalties on Zhongshen Hua Accounting Firm for failing to conduct due diligence during the audit of Ningxia Yuangao Industrial Group's financial statements for 2018 and 2019, resulting in false records of cash, revenue, and profits [1][5]. Summary by Sections Audit Violations - Zhongshen Hua's audit reports contained false records, with Ningxia Yuangao's 2018 and 2019 annual reports showing inflated cash, revenue, and profit figures [1][5]. - The firm failed to develop specific audit plans and did not adequately identify and assess risks, leading to significant deficiencies in fraud risk response and audit procedures [6][8]. Specific Audit Failures - The firm did not independently send confirmation letters and failed to monitor the mailing process, exposing the audit to risks of interception and alteration [11]. - In 2018 and 2019, Zhongshen Hua did not execute planned audit procedures to test the effectiveness of the financial reporting system, violating relevant auditing standards [7][8]. Penalties Imposed - The CSRC has ordered the confiscation of Zhongshen Hua's audit business income amounting to 754,717 yuan and imposed a fine of approximately 1,509,433 yuan. The two signing accountants, Zhao Gang and Wang Haiting, were each fined 250,000 yuan [2].

5月21日晚间，德银天下发布公告称，罗兵咸永道会计师事务所和普华永道中天会计师事务所（特殊普 通合伙）将于其当前任期届满后分别退任本公司国际财务报告准则和中国企业会计准则下的核数师。 公告称，鉴于公司未来审计服务的需要及为了维持良好的企业管治，本公司正在筹备新一任核数师的选 聘工作，因此董事会已批准不寻求在本公司股东周年大会上续聘罗兵咸永道及普华永道。据悉，罗兵咸 永道为普华永道会计师事务所（以下合称"普华永道"）在香港市场开展业务的主体。 值得注意的是，自德银天下2022年上市以来，罗兵咸永道便一直担任其核数师。德银天下年报显示， 2022年-2024年，德银天下向普华永道支付的服务费用分别为348.3万元、337.3万元、392.2万元。 这并非普华永道近期首次被上市公司解约。5月14日，李宁也曾发布公告称，公司拟聘任安永会计师事 务所为核数师，前任核数师罗兵咸永道会计师事务所将不再续聘。 事实上，受证监会立案调查影响，近年来普华永道接连遭上市公司解约。据21世纪经济报道，2023年， 普华永道中天在A股市场的客户合计106家，审计费用合计9.47亿元，在行业位居第二（仅次于立信）， 但2024年，这些客 ...

Core Points - The revised Anti-Money Laundering Law in China now includes specific non-financial industries, such as accounting firms, under its regulatory framework [1][2] - The draft management measures for anti-money laundering in accounting firms were released for public consultation, aiming to strengthen and standardize their anti-money laundering efforts [1][2] Group 1: Regulatory Framework - The draft management measures outline 30 provisions detailing the anti-money laundering obligations, supervision, and legal responsibilities of accounting firms [1][2] - The inclusion of accounting firms in the anti-money laundering framework is a response to the evolving methods of money laundering that bypass traditional financial institutions [1] Group 2: Implementation Requirements - The draft specifies requirements for internal control systems, risk assessments, and customer due diligence for accounting firms [2] - Accounting firms must refuse transactions or terminate business relationships if they identify a high risk of money laundering [2] - Obligations include reporting suspicious transactions to the Chinese Anti-Money Laundering Monitoring and Analysis Center through the Chinese Institute of Certified Public Accountants [2] Group 3: Oversight and Accountability - Responsibilities for oversight are assigned to provincial-level finance departments, the People's Bank of China, and industry associations regarding anti-money laundering efforts in accounting firms [2] - Legal consequences are established for accounting firms that violate anti-money laundering obligations, as well as for personnel involved in anti-money laundering activities who breach regulations [2]

Core Viewpoint - The Shenzhen Securities Regulatory Bureau has imposed administrative penalties on Lixin Certified Public Accountants for their audit of the financial statements of Rihai Intelligent Technology Co., Ltd. for the years 2018 and 2019, citing false records and inadequate audit procedures [1][4][11]. Group 1: Audit Violations - Lixin's audit reports and related documents for Rihai Intelligent contained false records, leading to inflated profits of 33.43 million yuan in 2018 and 3.68 million yuan in 2019, which represented 37.58% and 5.13% of the reported profits for those years respectively [1][4][10]. - The audit procedures for goodwill were inadequately executed, as Lixin relied on an asset evaluation report that did not consider the impact of minority shareholders' equity on goodwill, resulting in incorrect audit conclusions [2][5][9]. - The audit of main business income was also insufficient, with Lixin failing to account for significant financing components in a contract, leading to an overstatement of income by 2.13 million yuan [2][6][9]. Group 2: Penalties and Responsibilities - Lixin was ordered to correct its practices, had its business income confiscated amounting to 3.77 million yuan, and was fined 7.55 million yuan [11][12]. - The responsible auditors, Zhang Yong and Wang Zehui, received warnings and fines of 550,000 yuan and 500,000 yuan respectively for their roles in the audit failures [11][12]. - The regulatory body emphasized that Lixin's actions violated multiple provisions of the Securities Law and auditing standards, indicating a lack of due diligence in their audit processes [6][10][11].

张明益认为，AI、大数据等数字科技在ESG领域具有多元应用前景。从支撑上市公司实现可持续发展目 标的角度看，在环境场景中，AI可优化能源管理系统，实时监测能源消耗，实现节能减排。社会场景 中，可借助大数据分析员工需求，改善工作环境与福利。治理场景下，AI助力企业完善风险管理体 系，识别潜在合规风险，优化公司决策流程，提高治理效率。 张明益表示，结合安永的经验与观察，接下来，AI+ESG的核心价值将从"工具辅助"转向"战略驱动"， 多个重点行业或将取得突破，如高碳行业(电力、钢铁、化工)、制造业以及金融业等。 随着AI技术在ESG领域持续渗透，现有ESG披露机制也将助力AI治理落地。安永大中华区ESG可持续发 展主管合伙人李菁认为，ESG披露机制是连接企业实践与外部监督的制度框架，通过规则设计引导"技 术向善"。具体而言，ESG披露机制可以进一步推动AI治理体系化构建，从制度层面规避技术滥用风 险；强化AI治理外部监督，尤其投资者可以根据ESG披露信息择优进行投资，形成正向激励机制；增强 AI治理的价值传导，促使企业将技术伦理、社会影响评估嵌入产品设计与业务流程，实现技术创新与 ESG目标协同进化。 中证报中证 ...

Group 1 - The emergence of AI technologies, such as Deepseek, is set to enhance the ESG (Environmental, Social, Governance) development of listed companies, promoting a new model of "technology innovation + green governance" [1][5] - The fourth "Listed Company Sustainable Development Officer Forum and Annual Best Awards Evaluation" was launched on May 7, focusing on the innovative application of AI in the entire ESG governance chain [1][6] - Ernst & Young (EY) has introduced an AI-assisted evaluation mechanism for this year's awards, utilizing the "EY Corporate ESG Information Database" to improve the scientific and fair nature of the evaluation [1][8] Group 2 - The mandatory disclosure of ESG information has become a critical requirement for listed companies, especially with the new regulations from the China Securities Regulatory Commission (CSRC) effective from July 1 [4][5] - The CSRC's revised disclosure management measures mark a significant shift in ESG reporting, transitioning from optional to mandatory for listed companies [4][6] - The three major stock exchanges in China have also established guidelines to standardize the disclosure of sustainable development reports, providing detailed guidance for companies [4][6] Group 3 - The current macroeconomic context indicates that China is at a critical stage in its "14th Five-Year Plan" for carbon peak, creating a favorable environment for the development of green low-carbon industries [5][6] - Companies are shifting from passive compliance to proactive innovation in ESG disclosures, aiming to transform ESG into a new growth point that balances environmental benefits and commercial value [5][6] - The integration of ESG systems with China's new productive forces is accelerating, positioning ESG as a key driver for high-quality economic development [6][7] Group 4 - AI is expected to significantly enhance the efficiency of corporate ESG disclosures by improving data processing, policy analysis, and alignment with industry standards [7] - The transition from compliance disclosure to value communication is facilitated by AI, allowing companies to better convey their sustainable development competitiveness [7] - AI will also play a crucial role in the cultivation of ESG talent within companies, although challenges such as technological credibility and industry application scenarios remain [7][8] Group 5 - The evaluation standards for the awards cover nine dimensions, including innovation, low-carbon emission reduction benefits, ecological environmental benefits, social responsibility benefits, and governance improvement benefits [10] - EY aims to continue supporting Chinese companies in contributing to global sustainable development by integrating local wisdom with global values [10]

Core Viewpoint - The recent revision of the "Administrative Measures for the Record-Filing of Accounting Firms Engaging in Securities Services" aims to systematically reshape the practice ecology of accounting firms, enhancing regulatory oversight and quality control in the securities services sector [1][4]. Summary by Relevant Sections Revision Highlights - The revised measures include three main aspects: improving record-filing requirements with a focus on practice quality, enhancing management processes for comprehensive oversight, and better coordination with the "Certified Public Accountant Law" [1][2]. New Requirements - The revised measures stipulate that accounting firms must meet six requirements, including "integrated internal management standards," and must submit detailed documentation regarding their internal management systems during initial record-filing [2][3]. Regulatory Framework - The revised measures establish a full-cycle regulatory chain of "record-filing—verification—tracking—exit," allowing for dynamic management and continuous compliance monitoring of accounting firms [3][4]. - Regulatory authorities can impose a six-month rectification period for firms that fail to meet standards, with potential cancellation of their securities service business record if they do not comply [3]. Industry Impact - The revision signifies a shift from mere compliance to substantive capability regulation, compelling accounting firms to enhance their governance mechanisms to adapt to the evolving regulatory landscape [4]. - The measures aim to create a healthier and more transparent practice environment for accounting firms, ultimately fostering a market that favors quality institutions over subpar ones [4].