CSRC: China Accounting Firm fined over 7 million RMB, the latter was not diligent in auditing Zoland Technology's annual financial statements.

The China Securities Regulatory Commission (CSRC) issued an administrative penalty decision (2026) No. 6, showing that the CSRC has initiated an investigation into the lack of diligence and responsibility in the audit practice of Zhongshenzhonghuan Certified Public Accountants on the annual report audit of Tianjin Zhuolang Information Technology Co., Ltd. It was found that Zhongshenzhonghuan provided audit services for Zhuolang Technology and the annual audit reports for 2019 and 2020 contained false records and significant omissions. Zhongshenzhonghuan failed to diligently fulfill its responsibilities in the audit of the financial statements of Zhuolang Technology for 2019 and 2020. The CSRC believes that Zhongshenzhonghuan, as the audit institution of the financial statements of Zhuolang Technology for 2019 and 2020, did not fulfill its responsibilities in accordance with the requirements of the Chinese Certified Public Accountants Practice Standards, resulting in false records and significant omissions in the audit reports. These actions of Zhongshenzhonghuan violate Article 163 of the Securities Law and constitute the circumstances described in Article 213(3) of the Securities Law. Huang Xiujuan and Shao Wen are directly responsible supervisors. The CSRC has decided: firstly, to order Zhongshenzhonghuan to correct its behavior, confiscate business income of 2,735,849.06 yuan, and impose a fine of 4,787,735.86 yuan; secondly, to issue warnings to Huang Xiujuan and Shao Wen and impose fines of 350,000 yuan each.