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however, recently, some listed companies have been facing difficulties in ipo review, which can't help but make people worry about the future market prospects. caixin securities, a once high-profile enterprise, is now in a "freezing point" of much attention. in recent years, caixin securities has experienced a series of tests, from being dragged down by the freezing of qualifications to the termination of ipo review by the shanghai stock exchange, and its fate and industry development have been affected.
baker tilly international: the cold winter of auditing
baker tilly international, a well-known accounting firm, used to be the legal advisor and audit company for listed companies such as caixin securities, providing them with financial, legal and consulting services, and accumulated rich experience and reputation in the market. but recently, it has faced a huge challenge. the china securities regulatory commission has taken restrictive measures on baker tilly international's business activities because they failed to perform due diligence in the annual report audit of jiangxi qixin group co., ltd., and forged, tampered with, and destroyed audit working papers.
baker tilly international’s dilemma: difficulties in ipo review
most of the projects served by baker tilly are currently in a "suspended review" status, which has put the ipo applications of caixin securities and other listed companies in a difficult situation. after experiencing multiple review extensions and terminations, these companies have to start looking for new opportunities, new partners, and new teams.
market status: risks and opportunities of auditing
in recent years, china's capital market has developed rapidly, but at the same time, it has also faced many challenges, among which audit is an important link. with the rapid development and changes of the market, companies need to conduct more rigorous audits when facing new challenges, and they need professional audit teams to help them solve problems and formulate reasonable strategic plans.
future outlook: industry trends and new ideas
with the advancement of science and technology and economic development, china's capital market will usher in new opportunities. however, at the same time, it is also facing new challenges. as the market changes and the difficulty of auditing increases, we need to find new methods and new solutions to better help companies grow and develop.