China Securities Regulatory Commission, Circular on the Cessation of the Implementation of Special Audit Requirements on Specific Listed Companies

中国证券监督管理委员会关于不再实施特定上市公司特殊审计要求的通知

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Listed financial companies no longer required to hire international accounting firms for audits.

Issued: March 8 2007

Main Contents: The Circular repeals the following requirements, which were in effect prior to the issue of the new enterprise accounting and audit standards: on listed financial companies to engage international accounting firms to conduct an audit, in addition to the statutory audit; and on companies that issue 300 million or more shares in one single issue to conduct a supplementary audit.

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