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on the evening of september 27, shenwan hongyuan announced that the company had dismissed pricewaterhousecoopers zhongtian accounting firm (special).

special general partnership) and pricewaterhousecoopers llp (hereinafter collectively referred to as pricewaterhousecoopers).

at the same time, shenwan hongyuan plans to hire an accounting firm to start the "lead audit + participating audit" model, that is, it will hire multiple accounting firms to conduct audits.

lost important brokerage customers again

shenwan hongyuan announced that pricewaterhousecoopers issued a standard unqualified audit report on the company's 2023 financial report, and after completing the 2023 audit work, it served as the audit agency for financial reporting and internal control for three consecutive years.

looking back, shenwan hongyuan planned to re-appoint pricewaterhousecoopers as the accounting firm in 2024 at the end of march, and planned to pay audit fees of 6.18 million yuan, an increase of 200,000 yuan year-on-year.

now, nearly half a year later, shenwan hongyuan has decided to fire pricewaterhousecoopers. this means that pwc has lost another major audit order from a leading securities firm.

haitong securities decided to fire pwc in june. previously, haitong securities planned to re-appoint pricewaterhousecoopers as its accounting firm in 2024, with the proposed audit fees being 9.8 million yuan, a year-on-year increase of 1 million yuan.

shenwan hongyuan announced that the company's dismissal of pricewaterhousecoopers was mainly based on comprehensive consideration of market information, based on the principle of prudence, combined with corporate governance needs, after completing the bidding procedures and based on the bid evaluation results.

the reporter noticed that pwc has continued to lose customers since it was "maximum fined" in mid-september, and it has a lot of financial customers.

wind data shows that in 2023, pwc has 107 a-share annual report audit clients, with total audit fees exceeding 800 million yuan. the top-earning clients mainly come from finance, telecommunications, engineering and other industries.

it is planned to implement the “lead review + participating review” model

first of all, shenwan hongyuan’s 2024 accounting firm’s “lead audit firm” plans to hire kpmg huazhen llp (special general partnership) and kpmg llp to audit its consolidated standards and some of its subsidiaries, and hire kpmg huazhen llp to audit its consolidated accounting firm and some of its subsidiaries. the accounting firm (special general partnership) will be the internal control audit agency in 2024.

secondly, the "participating audit firm" of shenwan hongyuan accounting firm in 2024 plans to hire tianjian accounting firm (special general partnership) to audit some of its subsidiaries.

according to industry analysts, the above-mentioned measures taken by listed companies may be due to the lack of time to hire an accounting firm to conduct audits, or they may be trying to reduce the risk of hiring an accounting firm.

since the beginning of this year, four leading accounting firms have been subject to "qualification penalties", which means they have been suspended from engaging in securities business for six months. as a result, listed companies that have hired the above accounting firms have concentrated on suspending related capital operation projects.

many fund companies have fired pwc from their products

while listed companies are dismissing pricewaterhousecoopers one after another, this week, many fund companies announced that their funds have dismissed pricewaterhousecoopers.

on september 28, citic prudential fund issued an announcement about the change of accounting firm for some of its funds. the accounting firm of about 50 of its public offering products was changed from pricewaterhousecoopers to kpmg huazhen. the change of appointment date is september 27 day.

on september 27, companies such as qianhai kaiyuan fund, sdic ubs fund, and shangzheng fund collectively announced the appointment of accounting firms. from september 25, about 50 companies under qianhai kaiyuan fund, sdic ubs, etc. the accounting firm of 40 funds was changed from pricewaterhousecoopers to ernst & young; starting from september 26, the accounting firm of 10 funds under shangzheng was changed from pricewaterhousecoopers to kpmg huazhen.