China’s Accounting Law: Legal Liabilities Stipulated in the Accounting Law (5) Where the principal of an entity retaliates against an accountant who performs his duties in accordance with the law and resists violations of the provisions of the Accounting Law by demotion, removal from office, job transfer, dismissal, or…
China’s Accounting Law: Legal Liabilities Stipulated in the Accounting Law (4) In case of inciting, instructing, or demanding an accounting department, accountant, or any other person to forge or alter accounting vouchers or accounting books, prepare false financial reports, or conceal or intentionally destroy accounti…
China’s Accounting Law: Legal Liabilities Stipulated in the Accounting Law (3) In case of concealing or intentionally destroying accounting vouchers, accounting books, or financial reports that shall be kept in accordance with the law, which constitutes a crime, criminal liability shall be incurred in accordance with t…
China’s Accounting Law: Legal Liabilities Stipulated in the Accounting Law (2) In case of falsification or alteration of any accounting vouchers or accounting books or preparation of false financial reports, which constitutes a crime, criminal liability shall be incurred in accordance with the law. Where any of the abo…
China’s Accounting Law: Legal Liabilities Stipulated in the Accounting Law(I) Liabilities of accounting firms, accountants, chiefs, and persons directly responsible for violating the Accounting Law(1) In case of any of the following acts in violation of the Accounting Law, the people's government at or above the co…
China’s Accounting Law: External accounting supervision (II) Social supervisionSocial supervision refers to a form of supervision in which social intermediary institutions audit the economic activities of entities in accordance with the law and make objective evaluations based on the facts. According to Article 31 of t…
China’s Accounting Law: External accounting supervision(I) State supervision6. Supervision by insurance regulatory authoritiesAccording to the Insurance Law, insurance regulatory authorities mainly supervise the insurance industry as follows.(1) The insurance clauses and premium rates of the main types of commercial in…
China’s Accounting Law: External accounting supervision(I) State supervision5. Supervision by securities regulatory authoritiesA securities regulatory authority refers to an authority established by the State or a government to supervise and administer the securities market. According to the Securities Law, The securit…
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