China enforces 5-year ban on Elite Partners CPA Limited for business violations, signaling regulatory action in its financial sector.

China's Ministry of Finance has taken its first action to enforce restrictions on an overseas accounting firm and an accountant due to business violations. The unnamed parties were found to have breached regulations, with Elite Partners CPA Limited prohibited from providing overseas auditing services to mainland enterprises for five years. This move signifies China's efforts to regulate its financial sector and ensure all entities adhere to local laws.

August 02, 2024
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