2021 Meeting of Managing Partners and Branch Directors of Pengsheng CPA Firm Successfully Held

      To strengthen quality management at the firm level, implement quality management responsibilities at the audit engagement level, improve the overall professional quality of the firm, and strictly and effectively prevent risks, on June 4, Pengsheng's Managing Partners and Branch Directors gathered in Shenzhen for the successful convening of the 2021 Managing Partner and Branch Director Meeting. The meeting was held primarily on‑site, supplemented by video conferencing to ensure full participation.

      In the morning, Chief Partner Yang Buxiang first delivered an opening speech, briefly introducing Pengsheng's development history and the achievements of 2020. He noted that Pengsheng has developed rapidly and steadily in recent years, and while seizing opportunities in the capital market, it must also strengthen management and improve quality. Subsequently, Managing Partners Zhu Yiping, Yuan Zuliang, and Chen Haiqiang spoke in turn, providing detailed opinions on specific issues. Finally, the participants discussed the firm's professional quality and risk control.

      In the afternoon, Managing Partner Chen Youliang presented Pengsheng's relevant regulations, stating that the firm has established and continuously improved various rules and systems, ensuring timely updates and releases. He hoped that all branch directors would pay close attention, keep learning, and achieve unity in systems and a high level of alignment in thinking. Then, Managing Partner Chen Haiqiang explained the purpose and basic operation of Pengsheng's collaborative office system. The branch directors then voiced their opinions on issues and difficulties encountered in practice, sparking a lively discussion. Finally, Chief Partner Yang Buxiang gave detailed answers to the difficulties raised by each branch and made a concluding speech. Mr. Yang emphasized: first, Pengsheng must strictly control risks both internally and externally; second, business quality must be improved in all aspects, with a commitment to quality‑oriented auditing; third, the audit process must be standardized, with proper risk assessment and response; fourth, working papers must be unified and archived within the timeframe required by standards; fifth, unified management of reports must be fully implemented, and all reports must be recorded in the OA system; sixth, a dual‑signature system must be implemented, requiring both the engagement partner and the on‑site project manager to sign off on all reports.

      Though the gathering was brief, the Managing Partners and Branch Directors left the day's discussions enriched with insights. Each carried with them high expectations for Pengsheng and a firm determination to make the firm stronger and larger, heading toward a challenging yet promising future.