SHINEWING commissioned by SASAC to audit Central
State-Owned Enterprises
This year, SHINEWING Certified Public Accountants was again being selected by
the State-Owned Assets Supervision and Administration Commission (¡°SASAC¡±) to
undertake audit for the Central State-Owned Enterprises. For two consecutive
years, the firm has been awarded this strategic engagement from the central
government, reflecting the firm¡¯s quality of work and established reputation in
the field of auditing.
The assignment involves a total of 21 enterprises under review. During the
review some 437 issues were identified, with 72 issues demanding immediate
attention since they posed potential violation of disclosures about the
companies¡¯ operation and financial information; 112 general issues which
required further information disclosures provided by the enterprises; 253
issues which were subsequently approved after the management of enterprises
amended inaccuracies and oversights in information disclosure. At the end of
the audit, we have prepared 21 sets of audited financial statements and working
reports; 20 sets of financial statements analyses in a total of 406 pages and
approximately 600,000 words.
Through the participation of the audit work, our auditors gained a more
comprehensive understanding of the larger-scale state-owned enterprises which
greatly enhanced our credentials and experience to audit financial statements
of larger-scale state-owned enterprises. Headed by audit partners and deputy
general manager Yau Huanran (Ò¦Ÿ¨È»), the SHINEWING audit team comprises of 18
members called from the different branches in Beijing, Chengdu and Shenzhen.
