The Ministry of Finance and CICPA jointly released a new implementation rule for "Suspension of Practice" for firms involved in financial fraud.
If you are looking at the audit sector in China today and seeing "business as usual," you aren't looking closely enough. We are currently witnessing a structural reset in the accounting profession, spearheaded by the Ministry of Finance (MOF) and the CICPA. cicpa news today
For years, regulators talked about "zero tolerance" for financial fraud. Today, that talk has translated into existential threats for mid-tier firms. The Ministry of Finance and CICPA jointly released
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We are seeing a paradox in the market: