I. Situation of the Accounting Firm
(1) Basic Information
Crowe Horwath (hereinafter referred to as "the Firm") is one of the earliest accounting firms in China, established in 1981. It is a member of Grant Thornton International Ltd (GTIL), the only member in China, known as Grant Thornton. The Firm specializes in providing audit and consulting services to large enterprises and is also registered with the PCAOB in the United States.
By 2025, the Firm is expected to have approximately 6,000 employees, including 244 partners and 400 certified public accountants.
(2) Investment Protection
The Firm has purchased professional liability insurance totaling 800 million yuan, with the professional liability insurance fund amounting to 1,877.29 million yuan by the end of 2024.
In the past three years, the Firm has faced 19 incidents of professional liability claims, with 81 employees involved in such claims.
(3) Credit Record
In the past three years, the Firm has been subject to 0 incidents of professional liability claims, with 0 incidents of disciplinary actions taken by regulatory bodies.
II. Evaluation of the Accounting Firm's Development Situation
(1) Human Resources and Other Resource Allocation
The Firm has assigned dedicated teams for the 2025 audit planning period, equipped with specialized accounting personnel and experienced staff.
(2) Audit Work Plans and Implementation
During the 2025 audit process, the Firm will strengthen its service capabilities and adapt to the actual needs of clients.