Interim Measures for the Administration of the Responsibilities of the Chief Accountant of Central Enterprises

Chapter I General Provisions Article 1 In order to strengthen the management of the responsibilities of the chief accountant of enterprises funded by the State-owned Assets Supervision and Administration Commission of the State Council (hereinafter referred to as enterprises), standardize the financial and accounting work of enterprises, promote the establishment and improvement of internal control mechanisms of enterprises, and effectively prevent business risks of enterprises, these measures are formulated in accordance with the Provisional Regulations on the Supervision and Administration of State-owned Assets of Enterprises and relevant state regulations. Article 2 These Measures shall apply to the responsibility management of the chief accountant of an enterprise. Article 3 The term "chief accountant" as mentioned in these Measures refers to a senior manager with corresponding professional and technical qualifications and work experience, who is responsible for basic accounting management, financial management and supervision, the construction of accounting internal control mechanism, and the supervision of major financial matters. In the enterprise leadership team members, and according to the cadre management authority through certain procedures to hire (or hire) as the chief accountant. Article 4 The duties of the chief accountant mentioned in these Measures refer to the duties of the chief accountant in the basic management of enterprise accounting, financial management and supervision, the construction of internal control mechanism of accounting, and the supervision of major financial matters such as enterprise investment and financing, guarantee, use of large amount of funds, merger and reorganization. Article 5 An enterprise and its subsidiaries at all levels shall establish and improve the management system of the chief accountant in accordance with the provisions, clarify the powers and responsibilities of the chief accountant, and strengthen the supervision and management of the performance of the duties of the chief accountant. Article 6 The SASAC shall supervise and manage the performance of the chief accountant of an enterprise according to law. Chapter II Post Setting Article 7 An enterprise shall set up the post of chief accountant in accordance with the regulations, and be equipped with qualified chief accountants to effectively perform their duties. Eligible subsidiaries at all levels should also set up the post of chief accountant as required.

(1) If the deputy general manager (vice president, deputy director and deputy director) who is in charge of financial work meets the qualifications and conditions for holding the post of chief accountant, he may concurrently hold or be transferred to the post of chief accountant, and the candidate may be equipped in time through communication or open recruitment.

(2) An enterprise or its subsidiaries at all levels, such as the chief financial officer and the chief financial officer, to which its senior management belongs, may not set up another post of chief accountant, but they shall be clearly designated to perform the duties of chief accountant. Article 8 The appointment and removal of the chief accountant of an enterprise shall be handled in accordance with the relevant provisions of SASAC:

(a) the chief accountant of a wholly state-owned company and a state-owned holding company that has established a board of directors shall be examined and approved by the board of directors and appointed in accordance with the relevant cadre management authority and procedures.

(two) the chief accountant of a wholly state-owned company or a wholly state-owned enterprise without a board of directors shall be appointed in accordance with the relevant cadre management authority and procedures. Article 9 An enterprise may appoint a chief accountant or chief financial officer to its subsidiaries at all levels in accordance with relevant regulations, and actively explore effective ways and methods to improve the supervision and management of the post responsibilities of the chief accountant. Article 10 To be the chief accountant of an enterprise, the following conditions shall be met:

(a) with the corresponding political literacy and policy level, adhere to principles, integrity, integrity first, law-abiding;

(2) With a bachelor's degree or above, you should generally have professional qualifications such as certified public accountants and registered internal auditors, or have professional titles such as senior accountants and senior auditors or similar titles;

(three) engaged in financial, accounting, auditing, asset management and other management work for more than 8 years, with good professional ethics and work performance;

(4) Being in charge of the financial accounting work of an enterprise or working in the finance, accounting, auditing and asset management departments of an enterprise (unit) for more than 3 years, or working in the finance, accounting, auditing and asset management departments of a subsidiary enterprise (unit) for more than 3 years;

(five) familiar with national financial regulations, financial accounting system and modern enterprise management knowledge, familiar with the basic business of the industry to which the enterprise belongs, with strong organizational and leadership skills, as well as strong financial management capabilities, capital operation capabilities and risk prevention capabilities. Article 11 A person under any of the following circumstances may not serve as a chief accountant:

(a) does not meet the conditions stipulated in Article 10;

(two) serious violations of laws and regulations and the relevant state financial discipline, fraud, corruption and bribery, misappropriation of public funds and other major illegal acts, was sentenced to punishment or disciplinary action;

(3) Causing great economic losses to the enterprise due to dereliction of duty or wrong decision-making;

(4) Being in charge or directly responsible for the chaotic financial management and serious misrepresentation of the operating results of the enterprise.

(five) a large amount of debt owed by an individual to the enterprise has not been paid off due;

(six) other circumstances stipulated by the party discipline, political discipline, laws and regulations. Article 12 Under any of the following circumstances, the chief accountant shall withdraw:

(a) in accordance with the relevant provisions of the state on the withdrawal of cadres, should be avoided;

(2) Unless approved by SASAC or the company's board of directors, it has equity interests in the company or its subsidiaries and affiliated enterprises at all levels, and other important interests that may affect the normal performance of the chief accountant;

(three) in the major project investment, bidding, foreign economic and technological cooperation and other work, involving the interests of themselves and their relatives. Chapter III Duties and Powers Article 13 An enterprise shall actively promote the establishment and improvement of internal control mechanism in combination with the construction of the board of directors, gradually standardize the duties and powers of the principal responsible persons, chief accountants and heads of financial institutions of the enterprise, and promote the establishment of business decision-making, implementation, supervision and management mechanisms with division of labor, cooperation, mutual supervision and effective checks and balances.