93Accounting firms were rectified，What are the requirements for a registered accounting firm?

93Accounting firms were rectified，What is a CPA firm?

Require

? 93 accounting firms were rectified，What is a CPA firm?

Require

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The Guangdong Provincial Department of Finance recently issued the "Announcement on Ordering Accounting Firms to Conduct Rectification" (2025 No. 21)，Regarding the issue of 93 accounting firms (branch offices) including Guangzhou Fangyuan Accounting Firm (General Partnership) failing to obtain practice licenses as required，Order these accounting firms (branch offices) to make rectifications within 60 days (working days) from the date of receipt of the announcement。

The announcement stated：In accordance with the Measures for the Practice Licensing, Supervision and Administration of Accounting Firms (Ministry of Finance Order No. 89)，2025Article 7 (revised by Ministry of Finance Order No. 97 on January 2, 2018)、Article 28，An accounting firm (branch) shall apply for a practice license from the local provincial finance department。

After comparison and verification with the Guangdong Provincial Industrial and Commercial Registration Data，There are currently 93 accounting firms (branch offices) including Guangzhou Fangyuan Accounting Firm (General Partnership) that have not obtained practice licenses as required.。According to the provisions of Article 65 of the "Measures for the Practice Licensing and Supervision of Accounting Firms"，The above-mentioned accounting firms (branch offices) are hereby ordered to make rectifications within 60 days (working days) from the date of receipt of this announcement.，and report the rectification situation to the Provincial Department of Finance。

Partner or shareholder of an accounting firm，The following conditions should be met：First，Holds the second certificate of Certified Public Accountant of the People's Republic of China，Third in full-time practice in an accounting firm，No administrative penalty has been imposed for professional conduct in the three years before becoming a partner or shareholder. Fourth，Have experience in auditing in an accounting firm for the last five consecutive years after obtaining the CPA certificate，Among them, the experience in a domestic accounting firm is no less than three years and the fifth，Has not concealed or provided false information within one year before becoming a partner or shareholder，cheat，Applying for the establishment of an accounting firm through bribery or other improper means, but the provincial finance department makes a decision to disapprove or cancel the accounting firm。

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