To all financial and tax supervision and inspection bureaus, the municipal certified public accountants association, and all accounting firms:
In order to implement the relevant documents and meeting spirit of the municipal government regarding the rectification and standardization of capital verification services, strengthen the supervision of practice quality in the certified public accountant industry in this city, standardize capital verification practices, promote accounting firms to improve management levels, strengthen quality control, and guard against practice risks, the Shanghai Finance Bureau has decided to carry out a special inspection campaign throughout the city to rectify and standardize the capital verification services of accounting firms. The inspection targets are accounting firms approved for establishment in this city (including Sino-foreign cooperative accounting firms and branches of accounting firms from other provinces or cities located in Shanghai, hereinafter the same). The inspection scope includes capital verification reports issued by each accounting firm from January 2005 to May 2006. Self-inspections and key inspections will now commence.