Reanda Certified Public Accountants and CPAs Zhao Jian and Ding Zhizeng have been issued a warning letter by the Hebei Bureau of the China Securities Regulatory Commission. The reason is that during their audit of Sailhero Environmental Protection's 2022 financial statements, they failed to exercise reasonable professional judgment, did not adequately consider the impact of changes in the company's year-end bonus accrual method on the annual report, and did not document the relevant risk assessment process in the audit records.
Hebei Sailhero EnvironmentalAudit firm and CPAs warned by CSRC over audit deficiencies, reflecting regulatory scrutiny on the company's financial reporting.
