andrewhejeopardy| The stone hammer fell to the ground! Dahua has been suspended from engaging in securities services business for six months, and these ongoing projects may be affected
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Source: the forefront of investment banking
Recently, we learned that Dahua Accounting firm was suspended from securities service business by Jiangsu Securities Regulatory Bureau for six consecutive years due to financial fraud by Jin Tongling (rights protection). The time is from May 10, 2024 to November 9, 2024. Dahua has informed its service clients that on April 11, we announced that DH, one of the eight domestic firms, may suspend its qualification for six months. How to choose 40 IPO queuing companiesAndrewhejeopardy? One clubhouse after another thunderstorm, who will be next. "now the real hammer.
In recent years, Dahua has been punished repeatedly, mainly involving a number of listed companies with financial fraud, including issuing standard unqualified audit reports when auditing the famous annual financial statements of Zhangzi Island in 2016. Audit Changyuan Group was punished for the existence of false records in the 2016 and 2017 annual reports, failing to perform its duties diligently in Dongfang Jinyu's 2017 audit, and false records in the 2017 financial statements audit report issued by Dongfang Jinyu. In addition, Dahua Institute also received regulatory warning letters in violation of regulations in the practice of Qinshang shares, Century Dingli, Si Sheng Energy, and Tianji shares (safeguarding rights). In the earlier 2019-2021, Dahua was punished in violation of the rules, including Ored, Blue Shield shares and so on.
A friend said, as far as the current audit environment is concerned, the suspension of securities services for six months does not seem to matter, but sledgehammer wants to say, I can obviously find a clean accounting firm, why should I find an IPO or other audit with a criminal record? if an institution with a criminal record is used, the supervision will also have tinted glasses to audit, making the audit more difficult.
At present, from the perspective of the queuing enterprises in the three exchanges, compared with the article we released on April 11, two more IPO projects queued by Dahua have been withdrawn today. of course, at present, a large number of enterprises have withdrawn materials, probably not because of Dahua.
In addition, I would like to say something beside the point. As far as the current IPO audit environment is concerned, no matter from the acceptance, the Shanghai meeting or the approval document listing, many people say that IPO has not stopped, but helplessly watched the IPO accept 2 companies on the North Stock Exchange from the beginning of the year to now, and the Shanghai meeting has only been arranged since the Spring Festival. Is there any reason to say that IPO is a normal audit? Is it because the official tone is normal, you think it is normal?
Everyone can see that approval and distribution are normal, but acceptance and acceptance will always stay in the small composition stage, finally there are new changes, employees have something to look forward to, and some people say that there is nothing to see about this thing.
Just want to say, don't talk if you don't want to see it, you don't know what to say!