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Accountant: Gem Enterprises Should Strictly Control Financial Problems.

2009/4/29 14:38:00 42092

On the 27 day, on the forum, Wu Zhen, a Lixin Yangcheng accounting firm, a candidate for the Ninth China Securities Regulatory Commission's issuance examination committee and a professional steering committee member of the Guangdong Institute of certified public accountants, explained to the participating SMEs the financial handling of the listing of gem, and the small and medium-sized enterprises responded enthusiastically.

Wu Zhen said that the accounting requirements of the listed companies on GEM are more meticulous and strict, and there are clear provisions on the company's governance structure and profitability.

China Accounting Network

"Mainly engaged in one business."

Wu Zhen told the participants that "gem is stricter in terms of business operation, and it is hoped that enterprises will innovate independently and make the main business stronger and bigger."

After entering the capital market, corporate governance needs to be more standardized and financial stricter.

"SMEs may have financial problems in accounting, property rights, internal control systems, taxation, related party pactions and net profits."

Wu Zhen said.

Wu Zhen emphasized that, especially for small and medium-sized enterprises, tax is prone to delay tax payment, two sets of accounts, white bills, invoice mismatch and value-added tax illegal entry.

Listing must strictly pay taxes according to law so as to avoid these phenomena.

"A large number of listed companies' losses are caused by a large number of unfair related pactions and illegal guarantees."

Wu Zhen said, "the GEM listed companies should avoid such problems at the very beginning, promote the overall listing and clarify the governance structure."