Measures for the Administration of Agency Bookkeeping
Measures for the Administration of Agency Bookkeeping
Measures for the Administration of Agency Bookkeeping
Order of the Ministry of Finance of the People's Republic of China No.27
January 22, 2005
Article 1 The present Measures are formulated in accordance with the Accounting Law of the People's Republic of China and the provisions of other laws and regulations for the purpose of strengthening administration of onagency bookkeeping institutions, regulating the agency bookkeeping business, andpromoting the healthy development of the agency bookkeeping industry.
Article 2 The present Measures shall be applicable to the establishment of agency bookkeeping institutions and the handling of any agency bookkeeping business by any agency bookkeeping business institution under the entrustment of a client.
The agency bookkeeping institution as mentioned in the present Measures shall refer to any intermediary institution that undertakes agency bookkeeping business.
The client as mentioned in the present Measures shall refer to any the entity that entrusts an any agency bookkeeping institution to handle its accounting business.
The term "agency bookkeeping" as mentioned in the present Measures shall refer to the bookkeeping carried out by any agencybookkeeping institution accepts upon entrustment to handle accounting business.
Article 3 Anyone applying for the establishment of any agency bookkeeping institution except other than an accountants firm shall be subject to the approval of the public finance department (hereinafterreferred to as the department of examination and approval) of the people'sgovernment at or above the level of the county at his locality, and shall receive the a certificate of license for agency bookkeeping as printed circuit uniformly printed by the Ministry of Finance. The specific department of examination and approval shall be determined by the finance department of the people's government of the province, autonomous region, municipality directly under the Central Governmentand the city under separately state planning.
Article 4 Unless otherwise specified by anystate law or administrative regulation additionally,the following conditions shall be complied with for the establishment of any agency bookkeeping institution:
1. There are more than three or more full-timepracticing personnel who have obtained the qualification certificate ofaccounting practice;
2. The person-in-charge of the agencybookkeeping business shall have the qualification of the professional technical post abovetitle of an accountant or above;
3. Having a fixed place of office; and
4. Having sound rules for agency bookkeeping business and finance and an accounting management system.
Article 5 Anyone who applies for the permission to undertake qualification of agency bookkeeping shall submit an application report to the department of examination and approval and annex the following materials:
1. The agreement or the articles of association of the institution;
2. The identity certificates of the practicing personnel, thequalification certificates of accounting practice, the certificate documents proving that the person-in-charge of the agency bookkeeping business has the qualification of professional technical post above who hold the professional title of an accountant or above;
3.
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