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China Accounting News Weekly[No.270]
        No.8 Interpretation of Accounting Standards for Business Enterprises issued by Ministry of Finance refers to issues on determination, accounting treatment and others of commercial bank financial products and application range of No.8 Interpretation of Accounting Standards for Business Enterprises.

        From 40 billion to 250 billion, why does the amount of troubled funds found by the audit increase sharply?

        The troubled funds found by the audit in the first 11 months of 2015 were 2.5 times of that of the past six years. It’s known that the accountability audit of the Auditing Administration in 2015 focused on two aspects: leadership of financial institutions and leadership of central enterprises.

        Depression comes again and the 4th accounting business climate index was issued

        The 2015 year-round business climate index was 106.12 and the business climate forecast of 2016 is 109.48. The enterprise funds intensity of 2015 was 2.87, which was significantly lower than that of the first half of 2015, i.e. 3.01; the funds intensity of 2016 is expected to be 2.99.

        CICPA published exposure draft of 7 auditing standards

        The amendment aims to increase information content of audit reports, enhance transparency of audit work and strengthen relevant responsibilities of CPAs in audit work. The amendment of audit report related standards will mark the changes of audit report patterns.