China to Enhance Inspections of ‘Dishonest’ Accountants, Firms

Nov. 26, 2024, 8:06 AM UTC

China’s Ministry of Finance has approved a plan to manage accountants and accounting companies the authorities consider “dishonest”, according to the ministry’s website.

  • Accountants and firms with business suspended for 12 months will be put on a “dishonest” list
  • Authorities will enhance inspections of their work to ensure that they’re in compliance with the law
  • NOTE: China Tells PwC to Learn Lessons From Penalty, Play Active Role

To contact the reporter on this story:
Phila Siu in Hong Kong at csiu32@bloomberg.net

To contact the editors responsible for this story:
Meg Shen at mshen145@bloomberg.net

Felix Tam

© 2024 Bloomberg ...

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.