CSRC reminds to guard against the risk of frequent changes in auditing firms for listed companies' annual reports.

Sina Finance news on March 30th, on March 30th, the Chinese Institute of Certified Public Accountants issued a reminder that the audit of annual reports of listed companies will enter a critical stage by 2025. Regulatory authorities have found that some listed companies frequently change their annual report audit firms in the short term, especially changing audit firms near the deadline for annual report disclosure. The new audit firm is required to complete the annual report audit project in a relatively short period of time, which poses higher demands on resources and professional capabilities, resulting in certain audit risks. The Institute reminds the new audit firms and practitioners undertaking the annual report audit tasks of related listed companies to adhere to the principles of independence, objectivity, and fairness during the audit, maintain a professional skeptical attitude, and strictly follow the practice guidelines.