Notice on issues such as hiring audit institutions by companies planning to issue shares
Jian Zheng Fa Zi [2000] 13 1
Every company that issues shares:
In order to promote the marketization of the stock issuance mechanism and standardize the capital verification, auditing, asset evaluation and information disclosure of the company's stock issuance, according to the relevant provisions of the China Securities Regulatory Commission's "Procedures for Examination and Approval of Stock Issuance" and "Interim Measures for Counseling Stock Issuance and Listing", relevant issues are hereby notified as follows:
In the future, a company that intends to apply for issuing shares should hire an intermediary agency with a securities qualification license to undertake capital verification, asset evaluation and auditing when it is established. When it is established, if an intermediary agency without securities qualification license is hired to undertake the above-mentioned business, the joint-stock company can only apply for issuing shares after it has been in business for three years, and must hire an intermediary agency with securities qualification license to review and issue a professional report before applying for issuing shares.
2. The audit report of the major shareholder of the company to be listed must be issued by an accounting firm with securities practice qualification?
★ We require major shareholders of listed companies to provide audit reports. Can the audit report of major shareholders be issued by an accounting firm without securities business qualifications?
★ I didn't find the relevant regulations anyway. In several projects I have done, the audit reports of major shareholders have not been audited by accounting firms with securities qualifications, and the examiners have not raised any questions.
★ Audit reports that are not required by laws and regulations and have no experience in securities business qualifications are acceptable.
★ There seems to be no relevant regulations for listed companies, but for the acquisition of listed companies, the acquirer must provide the financial report audited by an accountant with securities and futures qualifications in the latest fiscal year.
Three. Review of evaluation and capital verification
Sponsor training requirements:
★ Review of appraisal report and capital verification report: In history, there may be some appraisal reports and capital verification reports issued by intermediaries without securities qualification and need to be reviewed by qualified institutions.
★ Changes involving capital projects (capital increase, equity transfer, etc.). ) within 3 years; All capital verification/evaluation shall be rechecked; Assessments related to daily business may not be reviewed (for example, only purchasing some production equipment).
★ In principle, there is no need to review after 3 years: however, if it exceeds 3 years, reports with significant influence should also be reviewed (such as capital changes involving the establishment of joint-stock companies).