April 23^rd, the Ministry of Finance issued the “Guidance on fully Promoting the National Aounting Informationization” to realize the audit of customers’ financial reports and internal ntrol by large aounting firms in   information-based ways within about 5-10 years.

The Ministry of Finance said that the purpose of the mprehensive  promotion of the national aounting informationization is to establish and mplete the legal system and standard system for aounting informationization [including the eXtensible Business Reporting Language (XBRL) Taxonomy]; to cultivate aounting  informationization talents; to realize the integration of the aounting informationization with operation informationization in large enterprises so as to further improve the management level and anti-risk ability of the enterprises, and to realize resource- sharing which enable different users to obtain, analyze and use information for their investment and relevant decision-making; to  realize the auditing of customers’ financial report and internal ntrol by large aounting firms in information-based ways so as to further improve the quality and efficiency of social audit; to realize the informationization of the aounting management and aounting supervision of the ernment so as to further improve the aounting management level and supervision efficiency. By fully promoting the aounting informationization, the national aounting informationization will reach or be close to the worldwide advanced level.

Detailed measures include: informationizing the aounting standard system efficiently and generating financial reports automatically by integrating relevant aounting standard system with information system; promoting the design and operation of internal ntrol standard system more efficient by permanently inputting the internal ntrol process, key ntrol points etc into the information system in aordance with the requirements of enterprises for internal ntrol standard system.