How to handle the qualification license of accounting firms

Mondo Workplace Updated on 2024-02-06

1. All partners or shareholders shall apply for the establishment of an accounting firm and submit relevant materials.

2. The applicant shall submit an application to the provincial finance department and bureau where the accounting firm is to be established, and submit the following documents and information:

1.Application for establishment;

2.Copies of the identity certificates and professional title certificates of all partners or shareholders of the accounting firm;

3.Proof of ownership or right of use of the accounting firm's office premises;

4.Letter of commitment from the investor of the accounting firm;

5.Pre-approval materials for business scope and organization name;

6.Other documents and information that need to be submitted.

3. After receiving the application and other materials, the provincial finance department shall conduct a review and make a decision to approve or disapprove the application within 20 days from the date of acceptance. If the decision is approved, the applicant shall be issued with the approval document within 10 days from the date of the decision, and the license specified in the Notice of the Ministry of Finance of the People's Republic of China on Matters Concerning the Administrative Licensing of the Establishment of Chinese Certified Public Accountants Firm shall be issued, and reported to the Ministry of Finance for the record; Where a decision is not made, a written decision shall be made and the reasons explained.

4. The applicant shall go through the registration formalities with the administrative department for industry and commerce with the approval documents and permits, and only after obtaining the business license can he practice law.

5. The accounting firm shall join the Chinese Institute of Certified Public Accountants within 6 months after receiving the business license, and shall file for the record in accordance with the relevant regulations.

6. The accounting firm shall pay fees to the Ministry of Finance in accordance with the relevant regulations.

The above is the basic process and precautions for applying for the qualification license of an accounting firm. It's important to note that specific regulations may vary from region to region, so it's a good idea to learn more about local policy requirements before proceeding to ensure a smooth application process. At the same time, as an institution that provides professional services, the quality of its services is directly related to the interests of customers, therefore, when choosing an accounting firm, it is necessary to choose an institution with a good reputation and professional level to ensure that the quality of service and the interests of customers are protected.

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