The “Certified Public Accountants Law of the People's Republic of China”, which has been overhauled after more than 10 years, will come into effect on January 1 next year. In order to comply with the implementation of the new law, the Ministry of Finance is deploying amendments to relevant regulations. Recently, the Ministry of Finance announced the “Notice on Accomplishing the Implementation of the New Amendment to the Certified Public Accountants Law”. One of the major priorities is to speed up the revision and improvement of supporting systems. The Ministry of Finance said that in order to implement the newly revised Certified Public Accountants Law, the Ministry of Finance is actively promoting the revision or formulation of supporting systems such as the “Measures for Licensing and Supervision and Administration of Accounting Firms”, “Certified Public Accountants Registration Measures”, and “Certified Public Accountants Qualification Inspection Measures”, studying and strengthening the coordination between the licensing of accounting firms and the registration system of business entities, improving the self-regulatory supervision system regulations for the certified public accountant industry, and ensuring that the newly revised Certified Public Accountants Law is implemented.

The “Certified Public Accountants Law of the People's Republic of China”, which has been overhauled after more than 10 years, will come into effect on January 1 next year. In order to comply with the implementation of the new law, the Ministry of Finance is deploying amendments to relevant regulations. Recently, the Ministry of Finance announced the “Notice on Accomplishing the Implementation of the New Amendment to the Certified Public Accountants Law”. One of the major priorities is to speed up the revision and improvement of supporting systems. The Ministry of Finance said that in order to implement the newly revised Certified Public Accountants Law, the Ministry of Finance is actively promoting the revision or formulation of supporting systems such as the “Measures for Licensing and Supervision and Administration of Accounting Firms”, “Certified Public Accountants Registration Measures”, and “Certified Public Accountants Qualification Inspection Measures”, studying and strengthening the coordination between the licensing of accounting firms and the registration system of business entities, improving the self-regulatory supervision system regulations for the certified public accountant industry, and ensuring that the newly revised Certified Public Accountants Law is implemented.