Inconsistent firms are not “back” for performance.
May 16th, 2023

According to the analysis, the high performance of the office would make it more regulated and more equitable in the capital markets.

The annual business report is an important means of understanding the financial situation of an enterprise, business performance, market prospects and risk situation. However, there have been recent company high- number of company scores that indicate that their company’s annual reporting cannot be assured of authenticity, accuracy, completeness. According to the non-exhaustive statistics of the new press report, there are currently 21 listed companies, owing to issues such as unexplained opinion issued by audit bodies, internal disputes, financial data doubts and time constraints. The expert was of the view that the phenomenon was not bad and was an important reflection of the high performance of the Board.

Vice-Minister for Foreign Affairs

Most of the “non-标” audit opinion received

The independent director of the ultraviolet industry voted against the annual report because the audit body issued a report on the internal control audit of the company’s annual report, which was “inconclusive” and rejected, and it was not possible to exclude any doubt after communication with the accountant and the company’s financial services; the company’s scientific and technological directors were ardently unable to ensure the authenticity of the company’s annual report, as the audit body issued a reservation and the company’s certified board investigation had not been completed.

According to the new press report, 12 of the 21 companies mentioned above were “unable to express their opinion” audit reports issued by the accounting firm, 4 were issued with qualified audit reports, 2 with no reservations with emphasis on the matter and 3 with no reservations. As a result, most of the Board’s seniority is based on the non-standard audit opinion issued by the audit body.

In addition, late issuance of audit reports is an important reason why the Board is not in a position to secure it. ST’s thinker, Duti Boun, and the land-based health-career, who abstained from voting on the annual report, all of them because of their position on 20 January, requiring companies to provide annual review reports for their knowledge, but the late issuance of the audit report, abstained; the independent member of STten’s De Hoof indicated that he was elected on 24 April and received an audit report on 25 April, which was urgent and did not allow for a detailed consideration of the case and an accurate opinion. Abstaining.

Even if the corporate annual report received a standard audit opinion, it did not imply the approval of all senior executives, and the soundness of the director of the nightmare shares indicated that the company’s management, the secretary of the Board and the former director had placed various obstacles to their ability to understand the company on various grounds; the director of the Chinese shares, Kim Jong-I, said that he had no objection to the 2022 and 20231 quarterly reports, but had reservations about the value added of the value of the encumbered assets on the basis of the State party’s internal control norms, and on the basis of the data relating to the preparation of the reversion of assets in 2022.

Higher performance will make markets more regulated

The Executive Director of the Institute of Practical Finance (PET) stated to New Express Journalists that some of the senior executives issued opinions that did not guarantee the authenticity of financial statements were an important expression of their true performance, facilitated access to real and comprehensive information for equity and ensured equity in equity investment. In recent years, the relevant regulatory departments of my country have increased their oversight functions, particularly with regard to the system of independent directors, strengthened the supervisory functions of independent external directors, increased penalties and penalties, and, as a result, last year saw a spike in the resignation of the directors of publicly listed companies, but this was not a bad thing, prompting them to perform their duties in a genuine manner through greater regulation, avoiding the “incognition” of “independencies” of independent directors in the past, which would force market companies to operate in a more regulated and more equitable capital markets.

From another point of view, it is also clear that some companies do have information disclosure problems. In this regard, the whaling platform’s think tank expert, Wang, believes that regulators need to strictly enforce the law in accordance with the principle of equal powers, impose strict penalties on those who violate market rules, for the purpose of doing so, if the cost of the offence is far lower than the proceeds of the law. Later, they will follow suit, culminating in market collapse.

Subscribe to Madison
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.
More from Madison

Skeleton

Skeleton

Skeleton