Skyline of Beijing's Central Business District, November 27, 2020. /CFP
China on Monday vowed to strengthen scrutiny over accounting firms and listed companies.
The country will "strike precisely" on financial fraud and has "zero tolerance" toward accounting and auditing misconduct, said the General Office of the State Council in a guideline.
Inspections and supervision will be increased on accounting firms, according to the guideline.
Regulators will also conduct cross-border cooperation on supervision of accounting and auditing, aiming to safeguard China's economic and information security, said the guideline.
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