CHINA’S FINANCE MINISTRY PLOTS LAW PUNISHING LAW BREAKING ACCOUNTANTS
September 1st, 2019
CHINA’S ministry of finance drafted regulations punishing accountants violating national accounting laws. Proposals under public consultation would include blacklisting accountants found guilty of fabricating, hiding or destroying financial reports, books and documents, or telling other accountants to undertake such malpractice. Accountants involved in embezzlement would suffer the same fate. The law would tell local governments to regularly update local offices of the national development and reform commission (NDRC) about accountants working in their ...
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