The State Council's cancellation to licencing CTA and CPV membership

　　On July 12th, the State Council issued "cancellations and adjustments to some administrative examining and approving items, among the 11 occupational licensing and accreditation items are CTA and CPV memberships.

　　4 CPAs in Qianshan County, Anqing City will be sentenced due to providing counterfeit documentation

　　It has been identified that from 2010 to 2013, the CPA agency issued a total of 4 counterfeit audit reports with huge business income and net profit, charged audit fees for that. 4 CPAs of the agency, respectively Mr Bao, Mr Zhu, MrWang and Mr Cheng, signed with signature and seal on the reports. These 4 people will be sentenced to imprisonments from ten months to a year and two months, and charged with fines from 9,000 yuan to 18,000 Yuan.

　　SRC's penalties on 4 persons in charge of Asia-Pacific Accounting Ageny

　　Asia-Pacific has failed to do justice to its job in the annual audit reports on Lotus MSG from 2007 and 2008, with misleading statements and material omissions in the issued audit reports. SRC has decided to give a warning to the Asia-Pacific Accounting Agency, confiscate the agency's 1.32 million Yuan of revenues for 2007, 2008 annual audit reports on Lotus SMG, and imposed a fine of 1.32 million yuan.

　　2014 top ten comprehensive asset appraisal companies

　　China Enterprise Appraisals, China United Assets Appraisal Group, Orient Appraisal Company are the top three among the 2014 top ten comprehensive asset appraisal companies. The accounting industry is cautiously approving of such a ranking.