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Dahua Accounting firm (hereinafter referred to as "Dahua Institute") fined for fraud of listed companiesCrashteamracingnitrofueledswitchThe impact continues.
According to rough statistics by a reporter from Securities Times e Company, as of the evening of May 16, more than 50 A-share listed companies have publicly announced the cancellation of the appointment of Dahua as an audit institution in 2024. In the face of the business difficulties of Dahua Institute, some accountants have chosen to change jobs.
The new capital announced on the evening of May 16 that the company plans to hire Shenzhen Dahua International Accounting firm (hereinafter referred to as "Dahua International") as the audit institution for 2024.
Earlier, the new capital announced on March 28 the reappointment of Dahua as the company's audit agency for the year 2024. It is reported that the certified public accountants to be signed are Wang Jianhua and Zhu Lili. Among them, Zhu Lili became a certified public accountant in December 2015, began to audit listed companies in November 2015, began to practice in Dahua Institute in November 2018, and began to provide audit services for the new capital in September 2023.
The listed company said that it recently received a letter from Dahua International saying that part of the audit team that used to serve the company had joined Dahua International. In view of the fact that Dahua has been administratively punished by the Jiangsu Securities Regulatory Bureau, in order to maintain the continuity of the company's audit work, the company intends to change the audit institution to Dahua International in 2024 and request the general meeting of shareholders to authorize the management of the company to determine its annual audit fee.
"the company has communicated with the former and former accounting firms about the proposed change, and both sides are aware of this matter and have no objection to this change." The new capital said.
The accountant sent by Dahua International to sign the new capital is Zhu Lili. According to his resume, Zhu Lili began to practice at Dahua International in May this year. In other words, she just moved from Dahua Institute to Dahua International this month.
Through the inquiry on the website of the Chinese Institute of Certified Public Accountants, the reporter found that there is still Zhu Lili's name on the list of accountants of Dahua Institute Shenzhen Branch. His position is project manager.
Dahua International was formerly known as Shenzhen Tianpeng Accounting firm. On April 14, 2022, the firm changed its name to Shenzhen Dahua Zhicheng Accounting firm (hereinafter referred to as "Shenzhen Dahua"). With the support of Shenzhen Finance Bureau, Shenzhen Dahua changed its name to Dahua International on October 12, 2022 and was transformed into a special general partnership system in September 2023.
Dahua International has a close relationship with Dahua Shenzhen Branch. Dahua International website revealed that it absorbed part of the business team of Dahua Institute Shenzhen Branch. Interestingly, Dahua International Office address is located on the 14th floor of Radio and Television Financial Center, 9 Pengcheng Road, Lianhua Street, Futian District, Shenzhen City. The office address of the Shenzhen Branch of Dahua Institute is located on the 11th to 14th floors of the Radio and Television Financial Center.
Being abandoned and renewed by the new capital is a microcosm of the current situation of Dahua Institute.
On the evening of May 16, seven listed companies, including Friendship Group, University Education, Yi Delong, Ruyi Group, Haili Bio, CLP Xingfa, and Jiaotong shares, disclosed that the annual general meeting of shareholders would be cancelled to consider the relevant proposal on the appointment of audit institutions of Dahua-owned companies in 2024.
Two days ago, there were more than 40 listed companies that issued similar announcements, including Shanxi Fenjiu, Yili shares and other well-known enterprises. In addition, the annual shareholders' meetings of companies such as Twin Towers Foods directly rejected the proposal to appoint audit institutions for the year 2024.
According to Oriental Fortune Choice, there are about 430 A-share listed companies whose auditors are Dahua Institute. The cancellation of cooperation by more than 50 companies has had a great impact on Dahua.
Dahua Institute's business difficulties are directly related to its regulatory penalties.
On May 10, the Jiangsu Securities Regulatory Bureau issued a written decision on administrative punishment to Dahua: because Dahua failed to perform its duties diligently during the audit of Jin Tongling's annual financial statements, Dahua was ordered to correct and confiscate business income 688.CrashteamracingnitrofueledswitchA fine of 34.434 million yuan was imposed and securities service business was suspended for six months. The fine on Dahua is five times the business income, reaching "no penalty of five", and the total amount of forfeiture is 44.0208 million yuan.
It is worth mentioning that on May 15, the CSRC further issued a paper emphasizing that it is necessary to pay close attention to lack of diligence and due diligence, tighten the responsibility of "gatekeepers", and supervise and guide intermediary institutions to improve the quality of practice.
It is mentioned in the article that it is necessary to persist in "investigating more than one case," and on the basis of investigating and dealing with cases of illegal disclosure of information such as fraudulent issuance and financial fraud in accordance with the law, comprehensively verify the due diligence of the intermediary agencies involved in the case, and seriously deal with those suspected of breaking the law and committing crimes. Will not be tolerated. At the same time, adhere to the "double punishment system", severely punish intermediary agencies that fail to perform their duties, and impose "double punishment" on institutions and personnel in accordance with the law; in addition to applying "property punishment" in accordance with the law, make full use of legal empowerment to explore the application of "qualification punishment".