Approaching the annual report disclosure node, many listed companies have set off a wave of re-employment of annual audit institutions in 2021. According to incomplete statistics, more than 100 enterprises have disclosed relevant announcements to replace the 2021 annual audit institutions. The Beijing Business Daily reporter found through combing that for the reasons for rehiring audit institutions, the reasons given by listed companies are also various, including the "peaceful breakup" type and the audit institution busy type.
The camp of the re-employment of the annual review body has been expanded
The membership of the annual review body for the replacement of A-share listed companies has been continuously expanded.
On February 10, Jingjiawei issued an announcement that the seventh meeting of the fourth board of directors held by the company on February 9, 2022 deliberated and passed the "Proposal on Changing the Accounting Firm", and intends to hire Zhongrui Cheng Accounting Firm (Special General Partnership) (hereinafter referred to as "Zhongrui Cheng") as the company's 2021 annual audit institution for a term of one year. Jingjiawei originally appointed the accounting firm as Baker Tilly International Accounting Firm (Special General Partnership) (hereinafter referred to as "Baker Tilly International").
Coincidentally, on the same day, *ST Primavera and Blue Shield also issued an announcement on the proposed change of accounting firm. Among them, the announcement of Blue Shield Shares shows that the fifth meeting of the fifth board of directors and the fifth meeting of the fifth session of the Board of Supervisors held by the company on February 9, 2022, deliberated and passed the "Proposal on the Proposed Change of Accounting Firm", and agreed to hire Pengsheng Accounting Firm (Special General Partnership) (hereinafter referred to as "Pengsheng Firm") as the company's 2021 annual audit agency, and the 2021 annual audit institution originally hired by Blue Shield Shares was Yongtuo Accounting Firm. *ST Primavera is proposed to be re-engaged by Daxin Certified Public Accountants (Special General Partnership) to Unit Tai Zhenqing Certified Public Accountants (Special General Partnership) as the Company's 2021 auditor.
According to the incomplete statistics of Wind data, the number of A-share listed companies to change the audit institution in 2021 exceeds 100. Since entering 2022, nearly 40 companies have disclosed relevant announcements on the replacement of the 2021 annual audit institutions, including Shenzhen Chase, Huicheng Technology, Gloria Ying, Jiai Technology and other stocks.
The reasons for the replacement are varied
The Beijing Business Daily reporter noted that the reasons given by these companies that want to replace the audit institutions in 2021 are also various. Through combing, the reporter found that including the "peaceful breakup" type and the audit institution can not be busy.
The first is the "peaceful breakup" type, which belongs to this situation of Guanjie Technology. Guanjie Technology intends to hire PricewaterhouseCoopers Zhongtian Certified Public Accountants (Special General Partnership) (hereinafter referred to as "PwC Zhongtian") as the Company's 2021 annual auditor, while The accounting firm originally appointed by Guanjie Technology is Fong's Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Fong"). For the reasons for the proposed change of accounting firm, Guanjie Technology said that Lixin has provided audit services for the company for many years, in order to ensure the independence and objectivity of the company's audit work, while the company completed a major asset restructuring in 2020, the main business changed, the business scope expanded to a global scope, the company comprehensively considered the business development and the demand for future audit services, so it intends to appoint PwC Zhongtian as the company's 2021 annual audit agency. It is reported that The original audit institution of Guanjie Technology, Lixin, provided audit services for the company from 2016 to 2020.
This kind of "peaceful breakup" type is not a minority, among which Xiwang Food re-hired ZTE Cai Guanghua Certified Public Accountants (Special General Partnership) as the company's 2021 audit agency the reason is that the original audit firm KPMG has been providing audit services for the company for many years.
Xu Xiaoheng, an investment and financing expert, believes that in order to ensure the independence of auditing, the regulatory authorities have stipulated the time limit for certified public accountants and auditing institutions to serve a single listed company. Therefore, there is nothing wrong with the change of the audit institution of the listed company in this situation.
There are many companies that are forced to change the annual review agency. TEDA shares issued an announcement that the company's original 2021 annual audit accounting firm Daxin Accounting Firm (special general partnership) was affected by the tianjin epidemic prevention and control and isolation policy and could not enter the tianjin area audit work; coupled with the tight arrangement of Daxin personnel, the internal coordination of sufficient audit resources to meet its on-site workload requirements for the first time to undertake listed companies, unable to complete the company's 2021 annual audit work on schedule, and terminated the 2021 annual audit business after consultation with the company. It is proposed to re-appoint China Audit Asia Pacific Accounting Firm as the Company's 2021 annual audit accounting firm.
*ST Primavera also stated that it was unable to undertake the audit of the Company's 2021 annual financial report and internal controls due to the fact that the project schedule of Daxin Certified Public Accountants (Special General Partnership) could not meet the disclosure time requirements of the Company's 2021 annual report.
Forced to change also Huarui shares, the company's original audit firm Lixin considered its own personnel situation and business volume and audit schedule, will not continue to continue the company's 2021 annual financial statement audit business, so the company intends to change the 2021 annual audit institution to Dahua Accounting Firm.
These individual stocks have received letters
Wang Chikun, an independent economist, believes that the audit opinion is not only an integral part of the credit link of the listed company, but also an important reference for investors when investing. Listed companies temporarily change accounting firms near the disclosure node of the annual report, and it is inevitable that the market will question whether the audit work is smooth, and enterprises with relevant circumstances are also easy to be targeted by supervision.
It is true that many individual stocks such as Blue Shield shares and TEDA shares have received letters.
Blue Shield co., Ltd. held a general meeting of shareholders in September 2021 to consider and approve the appointment of Yongtuo as the company's 2021 auditor. On the evening of February 10, the Shenzhen Stock Exchange issued a letter of concern, requesting Blue Shield to explain the specific reasons why it has not carried out audit work on the company since the appointment of Yongtuo Institute since the appointment of Yongtuo Institute, whether the company has interfered with or obstructed the entry of auditors, and further explained the "inability to meet the time requirements of the company's 2021 annual audit work" mentioned in the announcement, explaining the specific reasons for the company to change the annual audit agency less than 6 months after hiring Yongtuo, and whether there is a situation where the scope of audit is limited. Whether there are differences between management and the annual audit body in the early communication process on matters related to the annual audit, and whether there are other reasons or matters that lead to the company's change of auditor.
The announcement also shows that the number of audited clients of listed companies in Pengsheng in 2020 is 0. Tianyan's inspection showed that the number of insured people in Pengsheng was 0. The Shenzhen Stock Exchange requires Blue Shield to explain the filing information and filing time of Pengsheng's China Securities Regulatory Commission, and whether Pengsheng has the ability to audit listed companies. According to the announcement, the number of partners of Pengsheng firm is 70, and the number of certified public accountants is 344. The Shenzhen Stock Exchange also asked for an explanation of the reason why the number of insured persons insured by Pengsheng was 0, and whether the number of partners and the number of certified public accountants mentioned in the announcement were true and accurate.
In response to the company's related issues, the Beijing Business Daily reporter called the office of the secretary of the board of directors of Blue Shield for an interview, and the relevant person said, "We will reply to the relevant questions of the exchange, subject to the subsequent disclosure of the announcement."
TEDA shares were questioned for changing the annual audit accountant twice. The Shenzhen Stock Exchange requested TEDA to specify the reasons for the two changes in the annual audit accountant, whether it had done a good job in communicating with the former and subsequent accountants, and whether there were major differences between the company and PwC Zhongtian and Daxin Certified Public Accountants on matters related to the audit of the annual report. The independent directors are required to verify the specific reasons for the change of accounting firm, and explain whether there are other reasons or events that lead to the change of accounting firm, and whether there are any circumstances in which the company has purchased an audit opinion.
TEDA responded that there were no major differences with the first two accounting firms. TEDA also said that because the re-employment of the audit institution still needs to be deliberated and approved by the company's shareholders' general meeting, in order to ensure the full implementation of the audit procedure, the company has adjusted the appointment disclosure time of the annual report to April 26, 2022.
Beijing Business Daily reporter Liu Fengru
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