Key practical points:
• Statutory audits may be performed only by a registered CPA and a licensed accounting firm.
• The auditor examines financial statements and issues an independent opinion report.
• The auditor must remain independent and impartial and decline clients that compromise integrity.
• The auditor and firm are liable for losses caused by a report that is misleading through negligence or intent.
• The profession is supervised by the accountants' institute and the finance authorities.
Law on Certified Public Accountants · Yalla China
中华人民共和国注册会计师法 / Law on Certified Public Accountants
Enacted: 1993-10-31 ✅ Effective: 1994-01-01
📝 Overview
A law regulating the profession of certified public accountants (CPAs) and accounting firms in China, licensing requirements and audit work. It sets the auditor's liability for the accuracy of reports relied on by third parties.
This is general information only, not legal advice. For your specific case, consult a licensed lawyer.
📜 The law text / key provisions
💬 Practical reading
💬 This is a general reading/opinion for orientation — not the official legal text nor legal advice.
If you need a certified audit in China (for example for a foreign-invested company or an investment), verify that the auditor is a registered CPA and the firm is licensed. Their report carries legal weight and liability. General orientation, not legal advice.
📎 Official source
npc.gov.cn
🕒 Updated: 16 March 2026