CHI GVT Data Security for Accountants


On May 10, CHI GVT issued interim measures for accounting firms.


  • CHI GVT, CHI CAC issued Interim measures for data security management of accounting firms, as part of implementing Opinions on further regulating financial audit order to promote the healthy development of the certified public accountant industry.
  • It responds to legal requirements such as the Cybersecurity law and Data security law, refining regulations for network, data security management in the accounting industry.
  • Follows CHI GVT Aug. 2021 issued opinions on regulating audit industry, see #113957.
  • Measures
  • General principles clarify the basis, scope, and responsible entities for the measures.
  • Data management covers responsibilities, classification, log management, encryption, backup; network management involves systems, resource allocation, access control.
  • Supervision and inspection section includes information sharing, inspections, security reviews, penalties; specific regulations address scope, data classification, manuscript management, network security, controllable security, and regulatory responsibilities.
  • Aim is to enhance data security management of accounting firms, promote industry development, strengthen regulatory oversight for effective data security management.
  • Effectiveness
  • These measures come into effect from Oct. 1, 2024.

Regulators CHI CAC; CHI GVT
Entity Types Auditor; Corp
Reference PR, RN MOF No. 6 (2024), 5/10/2024;
Functions Accounting; Compliance; Cyber; Financial; Legal; Operations; Privacy; Technology
Countries China
Category
State
Products Corporate
Regions AP
Rule Type Final
Rule Date 5/10/2024
Effective Date 10/1/2024
Rule Id 211573
Linked to Rule :113957
Reg. Last Update 5/10/2024
Report Section International

Last substantive update on 05/15/2024