The China Securities Regulatory Commission ordered Tianjian Certified Public Accountants to make corrections and imposed penalties and confiscated assets totaling 6.3 million yuan.

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ME AI news: The CSRC has issued an administrative penalty decision. The party involved is Tianjian Certified Public Accountants. After investigation, Tianjian Certified Public Accountants and related personnel are found to have the following violations: 1. False statements are contained in Tianjian Certified Public Accountants’ 2021 and 2022 annual audit reports for Purui Pharmaceutical. 2. During the auditing of Purui Pharmaceutical’s 2021 and 2022 annual financial statements, Tianjian Certified Public Accountants failed to perform its duties diligently and with due care. The CSRC believes that Tianjian Certified Public Accountants, as the audit institution for Purui Pharmaceutical’s 2021 and 2022 annual financial statements, did not exercise due diligence in accordance with the requirements of China’s Certified Public Accountants’ auditing practice standards during its audit engagement, and the audit reports it issued contain false statements. (Source: Wall Street China)
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