China’s Accounting Law: Legal liabilities stipulated in the Interim Measures for the Administration of Establishing Accounts by Individual Businesses(1) If an individual business that is required to establish accounting books by the Measures fails to do so, or although accounting books are established but the accounts …
China’s Accounting Law: Legal liabilities stipulated in the Measures for the Administration of Accounting CertificatesIf a certified accountant severely violates financial discipline, causing major economic losses to the State or the collective, or is subject to two administrative penalties for major demerits, or fraud…
China’s Accounting Law: Legal liabilities stipulated in the Interim Measures for the Administration of Agency AccountingIf an accounting agency violates the provisions of the Accounting Law or the national unified accounting system in their business practice, the financial authority is responsible for taking actions in…
China’s Accounting Law: Legal liabilities stipulated in the Trial Regulations on Accounting Professional PositionsThe evaluation and engagement (appointment) of accounting professionals shall adhere to the principle of meritocracy. Leaders at all levels shall conscientiously understand the applicable policies and prote…
China’s Accounting Law: Legal Liabilities Stipulated in Other Accounting Regulations (II) Legal liabilities stipulated in the Regulations on Chief Accountants (2) Where a chief administrative officer of an entity obstructs the chief accountant from exercising their functions and powers, or retaliates against them or re…
China’s Accounting Law: Legal Liabilities Stipulated in Other Accounting Regulations (II) Legal liabilities stipulated in the Regulations on Chief Accountants(1) Where a chief accountant commits any of the following acts in their work, a disciplinary sanction shall be imposed depending on the severity of the violation …
China’s Accounting Law: Legal Liabilities Stipulated in Other Accounting Regulations(I) Legal liabilities stipulated in the Law of Certified Public Accountants(1) Where an accounting firm issues an audit report in violation of the law, the financial authority of the people's government at or above the provincial le…
China’s Accounting Law: Legal Liabilities Stipulated in the Accounting Law(II) Liabilities of staff members of the financial authorities and other competent authorities for violating the Accounting Law(1) In case of abuse of office, gross negligence, corrupt practice, disclosure of State secrets or trade secrets in exe…
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