After winding up of the joint venture company, its account Books shall be left in the care of the Chinese participant.
Article 1The manufacturer shall, according to regulation, set up and keep account books, evidential documents and relevant records sufficient for the accurate calculation of tobacco and alcohol tax.
Article 3When audit institutions conduct audit, the auditees shall not transfer, conceal, falsify or destroy their accounting documents, account books, accounting statements or other information relating to their budgetary revenues and expenditures or financial revenues and expenditures, and shall not transfer or conceal the assets that are in their possession but obtained in violation of the regulations of the State.
Article 4Where accounting vouchers or account books are forged or altered, or false financial and accounting reports are prepared, and therefore an crime is constituted, criminal liability shall investigated in accordance with law.
Article 4Whoever incites, instigates or forcibly orders accounting offices, accounting personnel and other persons to forge or alter accounting vouchers or account books, to prepare false financial and accounting reports, or to conceal or intentionally destroy accounting vouchers, account books as well as financial and accounting reports that should kept according to law, and therefore constitutes a crime, shall investigated for criminal liability in accordance with law; a fine of not less than 5,00yuan but not more than 50,00yuan may imposed if no crime is constituted, and the persons who are State functionaries shall also imposed upon administrative sanctions of demoting to a lower rank, removing from post or expelling from the units according to law the unit to which they belong or the unit concerned.
Article 17A company shall provide to the accounting firm it hires truthful and complete accounting vouchers, account books, financial and accounting statements and other accounting materials, and may not refuse to do so or conceal any of them or make any false statements.
Article Every unit must set up account books in accordance with law and ensure that they are authentic and complete.
Article 12. Each unit shall set up its accounting items and account books in accordance with the provisions of the accounting system.
Article 1A contractual joint venture must establish its account books within the territory of China, file its accounting statements according to relevant provisions and accept supervision the financial and tax authorities.
Article 18 An individual industrial or commercial undertaking with only a small production or business operation and which genuinely lacks the ability to keep account books may appoint a registered accountant or accounting personnel recognised the taxation authority to keep its books and handle accounting matters.