Small and medium-sized Board ipo audits focus should not be profit threshold level

In response to recent media on individually sized IPO profit threshold for improving internal audit reports, China Securities Regulatory Commission responsible recently be denying that regulatory authorities did not adjust the relevant audit standards.

The Commission did not raise profit audit standard stand should be affirmed. From last years new stock issue, whether it be the motherboard, small and medium-sized Board or gem, the problems exposed is not an internal audit of profit threshold is too low, but the profit is not real, the listing after the sharp decline in changing faces, profits, or loss. If the gem super-bug company wangsu technology, October 30, listing, the listing for the first quarter, its main business is loss of 159 million. As regards the performance dropped sharply after the listing, it is in English, this year's report also is a good test. There are also good for the company despite profit, but due to factors affecting growth appear untrue statement, it also makes the company's growth is full of uncertainty. Such as sea gdepri in the prospectus in claiming to be "China heparin API industry only through the United States FDA-Certified Enterprise", but the reality is not the case, making the company's future development. Therefore, whether it be the motherboard, small and medium-sized Board or gem, the Committee on the internal audit, the audit focused on should not be profit threshold level, but rather to ensure that the profit of authenticity, and factors affecting profit growth for authenticity.

Furthermore, the enterprise is specifically listing standards. Under the initial public offering of shares and listing management measures "article 33 provides that an issuer listing five conditions need to be met, and one of the five criteria is the" last three fiscal year net profit is a positive number and aggregated more than RMB 30 million, net profit to net non-recurring gains or losses and is calculated on the basis of ". Now that you have specific requirements in this, the Committee on internal auditing should be strictly in accordance with the provisions of the law, rather than a set of another. So unless the initial public offering of shares and listing management approach "to make changes, or there are orders, is on the initial public offering of shares and listing management measures" authoritative trampled upon.