About the implementation
Implementation of enterprise
accounting standards
and auditing standards
The system has
>Issues related
Notice
Issuing document number:
Issuing department: Ministry of Finance [2006] No. 22
Issue time:
Implementation time:
Expiration time:
Regulation type:
Industry:
Region:
Posted content: 2006-12-31 2006-12-31 Other provisions, other provisions All industries Relevant ministries and commissions of the State Council of China, relevant agencies directly under the State Council, the finance department of all provinces, autonomous regions, municipalities directly under the Central Government, and cities under separate state planning Department [Bureau], Xinjiang Production and Construction Corps Finance Bureau, relevant centrally managed enterprises:
On February 15 and October 30, 2006, the Ministry of Finance issued corporate accounting The Standards and Auditing Standards, the Guide to the Application of Accounting Standards and the Guide to Auditing Standards mark the basic establishment of an accounting and auditing standards system that adapts to the development process of my country's socialist market economy and is consistent with international standards. In order to ensure the smooth transition and implementation of the two major code systems, all relevant departments and units must take active actions and do a solid job in various tasks. The relevant matters are hereby notified as follows:
1. Unify thinking, raise awareness, and pay attention to the implementation of the two major systems of standards
Accounting and auditing work are important foundations for economic work. The establishment of corporate accounting standards and auditing standards systems adheres to high standards, high starting points, and high requirements, which helps to further standardize accounting and auditing behaviors, improve accounting information and audit quality, and achieve convergence with international standards. This is an important measure and basic project to improve my country's socialist market economic system, protect the interests of investors and the public, and promote enterprise reform and the long-term development of the capital market.
After the promulgation of the corporate accounting standards and auditing standards system, relevant departments and units have done a lot of preparatory work, laying a solid foundation for the implementation of the standards. However, the implementation of the two major code systems is a systematic project with complex situations and arduous tasks, which requires concerted efforts from all parties concerned. It is hoped that all departments and units will continue to attach great importance to the implementation of the new standards, pay attention to the follow-up and implementation of relevant supporting measures, pay close attention to new situations and new problems in the process of linking and converting the old standards to the new, and actively take countermeasures to guide and supervise Relevant units must implement the new standards well, achieve ideological understanding, implementation, technical means and supervisory measures in place to achieve the expected goals of accounting audit reform.
2. Make overall plans, make careful arrangements, and do a solid job in the implementation of the two major standards systems
[1] The financial department and the Institute of Certified Public Accountants should strengthen their understanding of the new standards To implement the policy and business guidance, financial departments at all levels and the Institute of Certified Public Accountants must, in accordance with the provisions of the Accounting Law and the Certified Public Accountants Law, earnestly perform their duties in accordance with the law and effectively provide guidance and guidance on the new standards. Promote implementation work.
1. Strengthen the construction of professional and technical teams, designate dedicated personnel to take charge, implement the responsibility system, pay attention to and cultivate business backbones, fully familiar with and master the content of the new standards, and do a good job in policy and technical supervision of enterprises, accounting firms, etc. guide.
2. Establish a quick and efficient problem early warning, response and handling mechanism, select contact points for the implementation of the standards, closely track the implementation of the new standards by listed companies, relevant enterprises and accounting firms, identify problems, follow up immediately, and respond and deal with them quickly.
3. Continue to deepen the publicity and training of the two major standards systems. The training targets are listed companies and accounting firms. At the same time, the scope of training will be expanded to state-owned enterprises, foreign-invested enterprises, private enterprises, etc., and new knowledge will be learned. The standards are included in the scope of continuing education for accountants and certified public accountants, using various forms to strive to create a good atmosphere for widespread publicity and study and conscientious implementation of the new standards.
[2] Listed companies and related enterprises must deeply understand the spirit and essence of the new standards and fully and accurately implement the Enterprise Accounting Standards
All listed companies Financial institutions and related enterprises are the main subjects of the implementation of the new standards. They should plan in a down-to-earth and careful manner and organize the study of the new standards. Not only the accounting personnel must learn the new standards in depth, but the person in charge of the unit should also master the new standards. main content. All listed companies and related enterprises shall, in accordance with the provisions of the Code and its Guidelines and in light of the actual situation of the unit, adjust and improve internal controls and related systems, refine accounting content, standardize practical operations, and conduct comprehensive verification of assets and liabilities, and conduct comprehensive verification of assets and liabilities in accordance with regulations. Adjust relevant accounts and amounts, and actively and steadily connect the old and new standards. At the same time, information systems must be updated in a timely manner, business processes must be improved, and work efficiency and financial accounting report quality must be improved.
According to the provisions of the "Accounting Law", the person in charge of the unit is the responsible person for the enterprise's accounting work and financial reporting. He should attach great importance to the training of key talents in accounting work and accounting business, improve the knowledge structure of accounting personnel, and improve Professional level and professional judgment ability
ensure the implementation of the standards in the unit.
[3] Accounting firms should strengthen their sense of responsibility and carry out audit assurance and related services in strict accordance with the new standards. It is the sacred responsibility of accounting firms and certified public accountants to follow the standards and practice law. Accounting firms and certified public accountants must continue to do a good job in learning and training the new standards, and closely integrate changes in standards with changes in audit concepts, methods, procedures, etc.; they must strengthen audit independence, maintain due professional prudence, and abide by professional practices. Ethics; it is necessary to establish risk awareness, effectively implement the risk-oriented audit concept, strictly audit procedures, strengthen audit work records, and improve the ability to identify and respond to risks; it is necessary to improve the internal management of the firm, strengthen quality control, and comprehensively improve audit quality and other services quality.
3. Strengthen coordination, form synergy, and do a good job in supervision and inspection of the implementation of the two major standards systems
Strict, scientific, and efficient supervision and inspection are the key to ensuring that the accounting and auditing standards system is implemented in place strong guarantee. The financial department, other relevant government departments and the Institute of Certified Public Accountants must strengthen coordination, jointly focus on governance, form a joint force, and conscientiously do a good job in supervision, inspection and guidance of the implementation of the two major code systems:
p>It is necessary to strengthen the inspection of the accounting information quality of listed companies and large state-owned enterprise groups that implement the new standards, and increase the inspection of the practice quality of accounting firms, especially accounting firms with qualifications to perform securities and futures businesses. , focusing on inspecting irregularities during the conversion of the old and new standards at the end of 2006, as well as the implementation of the new standards in 2007. For
those whose implementation guidelines are not in place, rectification and focus monitoring must be urged; if the problems are serious, they must be publicly exposed and dealt with in accordance with the law. It is necessary to actively seek support and cooperation from other government departments, jointly promote the guidance, supervision and inspection of the implementation of the new standards, and coordinate and connect corporate accounting standards with government auditing, securities, banking, insurance supervision and taxation policies. , as well as coordination work between departments, to form a regulatory synergy, improve regulatory efficiency, and ensure the smooth transition and full implementation of the two major code systems.
Ministry of Finance of the People's Republic of China
December 31, 2006