Pengsheng Obtains PCAOB Approval and Is Granted Qualification for Auditing U.S. Listed Companies

On December 17, 2024, Pengsheng Certified Public Accountants (Special General Partnership) received the registration approval from the U.S. Public Company Accounting Oversight Board (PCAOB), marking a solid and critical step forward in Pengsheng's internationalization process.

Pengsheng has always been committed to providing clients with high-quality audit, accounting, and related consulting services. Obtaining the PCAOB registration approval means that Pengsheng has met the requirements of relevant U.S. regulatory bodies in terms of audit quality, internal control, and adherence to professional standards, and is now qualified to conduct audit services for U.S.-listed companies. This not only recognizes Pengsheng's professional competence and international compliance level, but also creates highly favorable conditions for further expanding its international market, especially business in the U.S. capital market.

For Pengsheng itself, obtaining the PCAOB registration approval is undoubtedly an important milestone in its development journey. This will attract more international client resources and enhance its visibility and competitiveness in the global accounting services market. At the same time, it also raises higher demands and challenges for Pengsheng in terms of professional talent development, business process optimization, and quality control strengthening. Pengsheng will take this opportunity to further strengthen its international team building, enhance its practitioners' understanding and application of international accounting standards, U.S. securities regulations, and PCAOB auditing standards, ensuring that it maintains a high level of service quality and professional integrity in future international operations.

Pengsheng is well aware that this approval is merely a new starting point on its international journey. In the future, Pengsheng will actively participate in the competition for audit services in the global capital market, providing diversified and high-quality accounting and audit solutions to more enterprises. It will continuously enhance professional competence, refine its service system, strictly adhere to international standards, and strive to earn respect and trust on the international accounting stage. At the same time, it will actively engage in exchanges and mutual learning with peers, draw on the strengths of all parties, and provide even better and more reliable accounting services to global clients.