The Chinese Institute of Certified Public
Accountants (CICPA) has published guidance for accounting firms
that are engaged in mergers.
The guidance comprises three parts: the
compliance basis and principles, the procedures for the negotiation
of mergers, and procedures for changes of merger.
The guidance has two main aims:
- To prompt the accounting firms to pay attention to the
implementation of legal procedures during the merger process;
and, - To avoid conflicts caused by unclear or inadequate legal
procedures, reducing risks and costs for mergers of accounting
firms.
CICPA hopes the guidance will help Chinese
firms consolidate, resulting in stronger and more competitive
accounting firms.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData