Provisions on Regular Rotation of Signing Certified Public Accountants Providing Audit Service Related to Securities and Futures

关于证券期货审计业务签字注册会计师定期轮换的规定

Promulgating Institution: China Securities Regulatory Commission; Ministry of Finance

Document Number:Zheng Jian Kuai Ji Zi [2003] No. 13

Promulgating Date: 10/08/2003

Effective Date: 01/01/2004

颁布机关: 中国证券监督管理委员会; 财政部

文      号: 证监会计字[2003]13号

颁布时间:10/08/2003

实施时间:01/01/2004

Text

正文

To all securities regulatory offices, agencies, special commissioners' offices, finance departments (bureaus) of all provinces, autonomous regions, municipalities directly under the central government, finance bureau of Shenzhen, all accounting firms having the qualifications of servicing securities and futures related businesses, all listed companies: 

With a view to maintaining the independence of the audit work on securities and futures related organizations, improving the quality of audited financial information, we have formulated the Provisions on the Regular Rotation of Signing Certified Public Accountants Providing Audit Service Related to Securities and Futures (hereinafter referred to as the "Provisions"), which are hereby printed and distributed to you for implementation. Any problems encountered during the implementation hereof shall be reported to the China Securities Regulatory Commission in a timely manner. 

As of January 1, 2004, a signing certified public account (CPA) or an audit project superintendent as referred in Article 12 of the Provisions whose term of audit service has reached or exceeded five years shall also comply with the provisions specified in Articles 3 to 8 of the Provisions. 

Annex:

Provisions on Regular Rotation of Signing Certified Public Accountants Providing Audit Service Related to Securities and Futures

    各证券监管办公室、办事处、特派员办事处,各省、自治区、直辖市财政厅(局),深圳市财政局,各具有证券期货相关业务资格的会计师事务所,各上市公司:

    为了维护证券期货相关机构审计工作的独立性,提高其经审计财务资料的质量,我们制定了《关于证券期货审计业务签字注册会计师定期轮换的规定》(以下简称《规定》),现予印发,请遵照执行。执行中遇到问题,请及时反馈给我们。

    截至2004年1月1日,签字注册会计师及《规定》第十二条所指审计项目负责人的审计服务期限达到或超过五年的,也应当按照第三条至第八条的规定执行。

    附件:

关于证券期货审计业务签字注册会计师定期轮换的规定

  Article 1   With a view to maintaining the independence of certified public accounts' (CPA) execution of audit service related to securities and futures, improving the quality of audited financial information of securities and futures related organizations (hereinafter referred to as the "Relevant Organizations"), these Provisions are formulated pursuant to the Securities Law of People's Republic of China, the Law of the People's Republic of China on Certified Public Accountants and other relevant provisions.

       第一条  为了维护注册会计师执行证券期货审计业务的独立性,提高证券期货相关机构(以下简称“相关机构”)经审计财务资料的质量,根据《中华人民共和国证券法》、《中华人民共和国注册会计师法》及其他有关规定,制定本规定。

  Article 2   For the purposes of these Provisions, "Relevant Organizations" shall mean listed companies, initial public offer (IPO) companies, securities and futures dealing institutions, stock and futures exchanges, securities investment funds and their management companies, securities registration and clearing agencies, etc.

       第二条  本规定所指相关机构,是指上市公司、首次公开发行证券公司、证券及期货经营机构、证券及期货交易所、证券投资基金及其管理公司、证券登记结算机构等。

  Article 3   Except in circumstances as prescribed in Article 7 hereof, a signing CPA shall not continuously provide audit service to a Relevant Organization for more than five years.

       第三条  除本规定第七条外,签字注册会计师连续为某一相关机构提供审计服务,不得超过五年。

  Article 4   The service period of a CPA's providing audit service to a same Relevant Organization from different accounting firms due to the CPA's change of employer firm shall be combined in the calculation of total term of the CPA's audit service for the Relevant Organization.

       第四条  签字注册会计师由于工作单位变动,在不同会计师事务所连续为同一相关机构提供审计服务的期限应当合并计算。

  Article 5   A signing CPA who provided audit service for an IPO company shall not continuously provide audit service to the company for more than two full fiscal years after the company has been listed on the stock exchange.

       第五条  为首次公开发行证券公司提供审计服务的签字注册会计师,在该公司上市后连续提供审计服务的期限,不得超过两个完整会计年度。

  Article 6   Where a Relevant Organization undergoes major assets reorganization and there is no change of signing CPA in the providing of audit service to it, the term of the signing CPA's provision of audit service to the Relevant Organization before and after the reorganization shall be calculated as the continuous period.

       第六条  相关机构发生重大资产重组,为其提供审计服务的签字注册会计师未变更的,该签字注册会计师在该相关机构重组前后提供审计服务的期限应连续计算。

  Article 7   In the event two signing CPAs' continuous provision of audit service to a same Relevant Organization reaches five years in the same year, one of the two signing CPAs may extend his/her provision of audit service to the Relevant Organization. However, the extension shall not exceed one year.

       第七条  两名签字注册会计师为同一相关机构连续提供审计服务的期限在同一年度达到五年的,可以由一名签字注册会计师延期为该相关机构提供审计服务,但延期不得超过一年。

  Article 8   A signing CPA who has continuously provided audit service to the same Relevant Organization for five years shall not resume the provision of audit service to the Relevant Organization within two years after he/she has been on the rotation. A signing CPA who extended the period for provision of audit service according to Article 7 of these Provisions shall not resume the provision of audit service to the Relevant Organization within two years after he/she has been replaced upon expiration of the extension.

       第八条  签字注册会计师已连续为同一相关机构提供五年审计服务并被轮换后,在两年以内,不得重新为该相关机构提供审计服务。根据本规定第七条延期的签字注册会计师延期后被轮换的,在两年以内,不得重新为该相关机构提供审计服务。

  Article 9   The accounting firm concerned shall report the situation of rotation of signing CPAs providing audit service related to securities and futures to the Department of Accounting of the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), the accounting department of the Ministry of Finance and dispatched offices of the CSRC who supervise the auditee Relevant Organizations before May 15 of each year, and shall enter the relevant information into the "Accounting and Asset Appraisal Institutions Supervision Database" of the Department of Accounting of CSRC on the website of CSRC.

       第九条  会计师事务所应当在每年5月15日以前向中国证券监督管理委员会(以下简称“中国证监会”)会计部、财政部会计司以及负责监管被审计相关机构的中国证监会派出机构报告证券期货审计业务签字注册会计师的轮换情况,并将有关信息填入中国证监会网站会计部“会计资产评估机构监管数据库”。

  Article 10   A listed company shall disclose the matter related to the rotation of signing CPA in its periodic reports.

       第十条  上市公司应当在定期报告中披露有关轮换签字注册会计师的事项。

  Article 11   Each dispatched office of the CSRC shall inspect the accounting firms within its jurisdiction regarding their compliance with these Provisions. The CSRC and the Ministry of Finance Ministry may conduct random inspection on accounting firms regarding their compliance with these Provisions.

       第十一条  中国证监会派出机构应当检查辖区内会计师事务所执行本规定的情况,中国证监会、财政部可以对会计师事务所执行本规定的情况进行抽查。

  Article 12   If an accounting firm also assigns a superintendent for the project of auditing the Relevant Organization in addition to the signing CPAs, the superintendent of the audit project shall be regularly rotate pursuant to the above provisions regarding the regular rotation of signing CPAs.

       第十二条  除签字注册会计师外,会计师事务所还设有相关机构审计项目负责人的,该审计项目负责人应按照以上有关签字注册会计师定期轮换的规定进行定期轮换。

  Article 13   These Provisions shall come into force on January 1, 2004.

       第十三条  本规定自2004年1月1日起施行。