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Auditing Firm Sues Securities Regulator for Alleged Wrongful Punishment

2019年08月30日 21:13 来源于 财新网
Ruihua argues that it shouldn’t be penalized for producing an inaccurate audit report because the company provided it with false information
Beijing No. 1 Intermediate People's Court hears Ruihua's case against the regulator on Aug. 27. Photo: Beijing No. 1 Intermediate People's Court

A major Chinese accounting firm has sued China’s securities regulator in Beijing for penalizing it more than 5 million yuan ($720,000) in December for allegedly botching an audit of a now-delisted metals company.

Ruihua Certified Public Accountants LLP, one of the country’s largest accounting firms, demanded in court (link in Chinese) Tuesday that the China Securities Regulatory Commission (CSRC) return the 3.9 million yuan that it fined the company for allegedly failing to perform due diligence properly on some of its earlier audits, according to video of the hearing. Beijing No.1 Intermediate People’s Court did not immediately announce a verdict.

版面编辑:喻竹杨洋
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