China Accounting News Weekly[No.85]

2020-10-18 来源:黑龙江会计培训网校 阅读量:150

导读:China Accounting News Weekly[No. 85]9.25-10.8First rule on reviewing social auditing issuedThe Gansu Provincial People’s Government has issued the Review Measures on Auditing Reports Issued by Social Auditing Institutions in Gansu Province. The

 

China Accounting News Weekly[No. 85]9.25-10.8 First rule on reviewing social auditing issued The Gansu Provincial People’s Government has issued the Review Measures on Auditing Reports Issued by Social Auditing Institutions in Gansu Province. The Measures is the first-ever government regulation on reviewing social auditing practices published in China. It will be taking effective from December 1, 2010. CAS seeks comments on four asset appraisal standards The China Appraisal Society (CAS) is inviting public comments on the exposure drafts of four appraisal standards: Asset Appraisal Standard – Using the Work of An Expert, Guidance on Appraising Copyright Assets, Quality Control Guidance of Appraisal Institutions and Guidance on Appraisal Reports of State-owned Assets in Financial Institutions. Comments should be feedback in a written form to Professional Standard Division of CAS by October 30, 2010. RSM China CPAs to be a LLP firm RSM China Certified Public Accountants has conducted its first partners general meeting after converting to a Limited liability Partnership (LLP) firm. 122 partners attended the meeting, 13 of them have been elected as members of partner management commission and, Mr. Gu Renrong has been elected as accountant in charge (chief partner). Listed corps scrutinized for implementing accounting standards The Accounting Division of China Securities Regulatory Commission has published the 2009 Regulatory Report of Implementing Chinese Accounting Standards by Listed Corporations. Main problems identified by the Report centered on two aspects: listed corps did not make professional judgement based on Chinese Accounting Standards and other relevant regulations due to various reasons, for example errors in classification of financial assets and inappropriate implementation date of accounting estimates; accounting practice controversies aroused by applying accounting standards on certain emerging complex transactions or, on transactions which need to be subject to professional judgement based on principles contained in accounting standards. More news in http://chinaaccounting.blog.esnai.com/

China Accounting News Weekly[No. 85]9.25-10.8

First rule on reviewing social auditing issued

The Gansu Provincial People’s Government has issued the Review Measures on Auditing Reports Issued by Social Auditing Institutions in Gansu Province. The Measures is the first-ever government regulation on reviewing social auditing practices published in China. It will be taking effective from December 1, 2010.

CAS seeks comments on four asset appraisal standards

The China Appraisal Society (CAS) is inviting public comments on the exposure drafts of four appraisal standards: Asset Appraisal Standard – Using the Work of An Expert, Guidance on Appraising Copyright Assets, Quality Control Guidance of Appraisal Institutions and Guidance on Appraisal Reports of State-owned Assets in Financial Institutions. Comments should be feedback in a written form to Professional Standard Division of CAS by October 30, 2010.

RSM China CPAs to be a LLP firm

RSM China Certified Public Accountants has conducted its first partners general meeting after converting to a Limited liability Partnership (LLP) firm. 122 partners attended the meeting, 13 of them have been elected as members of partner management commission and, Mr. Gu Renrong has been elected as accountant in charge (chief partner).

Listed corps scrutinized for implementing accounting standards

The Accounting Division of China Securities Regulatory Commission has published the 2009 Regulatory Report of Implementing Chinese Accounting Standards by Listed Corporations. Main problems identified by the Report centered on two aspects: listed corps did not make professional judgement based on Chinese Accounting Standards and other relevant regulations due to various reasons, for example errors in classification of financial assets and inappropriate implementation date of accounting estimates; accounting practice controversies aroused by applying accounting standards on certain emerging complex transactions or, on transactions which need to be subject to professional judgement based on principles contained in accounting standards.

More news in http://chinaaccounting.blog.esnai.com/

 

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