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Zhongshen Zhonghuan Certified Public Accountants LLP received a warning letter for violations related to annual report auditing.
Blue Whale News, June 2 — Recently, the Shaanxi Bureau of the China Securities Regulatory Commission (CSRC) issued an administrative regulatory measures decision targeting Zhongshen Zhonghuan Certified Public Accountants (Special General Partnership) and individuals Huang Liqiong, Wei Yunfeng, and Li Xiaona. The decision stated that in conducting the annual audit engagements for Shaanxi Aerospace Propulsion High-Tech Co., Ltd. for the years 2016–2018, Zhongshen Zhonghuan failed to adequately perform risk assessment procedures, tests of controls, and substantive procedures. These actions violated relevant provisions of the Measures for the Administration of Information Disclosure by Listed Companies. The Shaanxi CSRC Bureau has decided to take regulatory action against Zhongshen Zhonghuan Certified Public Accountants
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