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Party to Expand Its Presence in CPA Firms in 2010

The State’s China Institute of Certified Public Accountants announced its goal for 2010 at a Party training workshop: to establish Party branches in every accounting firm in China. There are over 7,500 accounting firms in China with close to 90,000 practicing certified public accountants and close to 300,000 employees. However, only 14% of the accounting firms have Party branches and 11% of the employees are Party members. On October 18, 2009, a Party Commission was established for China’s CPA industry. Deputy Ministers of Finance have urged diligence and online courses in establishing a Party presence in the CPA firms.

Source: Huanqiu, November 23, 2009
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