A relevant person in charge of the Ministry of Finance said at the press conference that the Accounting Law and the Certified Public Accountants Law are the basic legal systems in the field of accounting in China. During the “15th Five-Year Plan” period, the Ministry of Finance will continue to do a good job in legislation in terms of establishing supporting systems. Lin Qiyun, director of the Accounting Department of the Ministry of Finance, said that it will speed up the revision of supporting rules and regulations such as basic accounting work standards, licensing and supervision measures for accounting firms, and registration measures for certified public accountants, implement the “license before license, then license” establishment approval requirements, study and improve systems such as audit admission management for listed companies, promote audit rotation in an orderly manner, and promote the healthy and orderly development of the industry.

A relevant person in charge of the Ministry of Finance said at the press conference that the Accounting Law and the Certified Public Accountants Law are the basic legal systems in the field of accounting in China. During the “15th Five-Year Plan” period, the Ministry of Finance will continue to do a good job in legislation in terms of establishing supporting systems. Lin Qiyun, director of the Accounting Department of the Ministry of Finance, said that it will speed up the revision of supporting rules and regulations such as basic accounting work standards, licensing and supervision measures for accounting firms, and registration measures for certified public accountants, implement the “license before license, then license” establishment approval requirements, study and improve systems such as audit admission management for listed companies, promote audit rotation in an orderly manner, and promote the healthy and orderly development of the industry.