A US Accounting Firm Has Been Banned From Auditing And Listed In The US.

< p > July 2nd reported that the "a href=" http://sjfzxm.com//business/ "us" /a "Securities and Exchange Commission (SEC) banned an accounting firm in Rochester, New York, to provide audit services for any Chinese listed company in the United States on the same day, saying that the family affairs had misconduct on the audit of a Chinese Travel Company.

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< p > SEC said in an administrative lawsuit that EFP Rotenberg LLP did not make sufficient audit plans when conducting the audit of China travel world holding group, and did not get sufficient basis for giving good financial statements to the company, nor did it show sufficient professional skepticism.

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< p > SEC also said that EFP Rotenberg did not attempt to communicate with the previous accounting firm before agreeing to provide audit services for the journey, although the latter questioned the company when it stopped providing audit services for the trip.

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< p > SEC said that EFP Rotenberg was fined $50 thousand and was prohibited from providing audit services to any company in China, which submitted reports to SEC and headquarters, main office locations or at least 20% of the business.

SEC also banned Bottini Rotenberg partners, Nicholas R. Bottini, which is responsible for the travel world audit, and audited US listed companies for a period of at least two years and imposed a fine of $25000 on EFP.

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< p > > a href= "http://sjfzxm.com/news/index_c.asp" > EFP < /a > Rotenberg and Bottini Kyun accepted the punishment of SEC, but did not admit or deny wrongdoing.

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< p > related links: the general accounting system of public universities in Sichuan this year is < /p >.

< p > reporters recently learned from the opening ceremony of the special training course for the leading cadres in universities and colleges in Sichuan province. This year, we will pilot the implementation of the general accountant system in public universities and strengthen the management and supervision of financial affairs in Colleges and universities.

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< p > in recent years, with the rapid growth of financial education investment, the capital flow of Sichuan colleges and universities in infrastructure projects has obviously accelerated and the amount of funds has been rising rapidly. Some large infrastructure projects are often millions of tens of millions of yuan. The special status and important role of the infrastructure and infrastructure management cadres in the internal governance structure of colleges and universities is increasingly prominent.

It is understood that the capital construction work of the University in the future will gradually establish a scientific, democratic, institutionalized, and standardized operation mechanism for decision making, and gradually establish a full-time, comprehensive and all-round quality and cost control system, and gradually apply scientific building concepts, management methods, construction techniques, new structures, new materials and scientific investment methods to project construction.

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< p > "to achieve scientific and standardized infrastructure work, we must sort out the channel of system construction and strive to build a scientific and standardized management system."

The Provincial Education Department official said that this year, Sichuan will pilot the implementation of the chief accountant system in public universities, and strengthen the management and supervision of financial affairs in Colleges and universities.

It is understood that the province is currently formulating the Sichuan provincial higher education institutions chief accountant management (Trial).

The provincial education department requires that colleges and universities should fully integrate the reality of the school, establish and improve the decision-making, management, supervision and restriction mechanisms and relevant systems of the construction projects, and strengthen the system of honesty and self-discipline in the construction of the system, and integrate the risk prevention of honest and clean government into the daily management work of the construction projects.

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