Recently, the case of Hengli Industrial, which has been delisted to the share transfer system, sued Shenzhen Xutai Certified Public Accountants and the person responsible for the core project was filed and accepted by the Shenzhen Futian District Court. Listed companies filed claims of 10 million yuan due to the audit agency's intention to issue non-standard audit opinions, causing controversy in the industry. According to public information, Hengli Industrial's 2023 annual report was issued a qualified opinion by the previous audit agency, and a delisting risk warning was imposed due to revenue of less than 100 million yuan and doubts about its ability to continue operating. At the key point of containment, Hengli Industrial temporarily replaced the annual review agency at the end of December 2024, but the two parties continued to cooperate and conflict. In April 2025, Xutai proposed to issue an audit report that could not express an opinion, which caused a dispute with the listed company, and the annual report was not disclosed within the statutory period. Soon after, Hengli Industrial was delisted and a lawsuit was immediately filed, claiming 38.27 million yuan against Xutai. The core personnel of the project bear unlimited joint and several liability. In the past two years, there has been a marked increase in the number of cases of A-share listed companies suing annual audit accounting firms. Many companies have filed lawsuits against auditing institutions due to disputes over audit progress, non-standard audit opinions, etc. Behind a series of lawsuits, there are practical problems such as unclear division of accounting responsibilities and audit responsibilities, and shortcomings in the audit entrustment model. There is an urgent need for all parties to rationalize the rules.

Recently, the case of Hengli Industrial, which has been delisted to the share transfer system, sued Shenzhen Xutai Certified Public Accountants and the person responsible for the core project was filed and accepted by the Shenzhen Futian District Court. Listed companies filed claims of 10 million yuan due to the audit agency's intention to issue non-standard audit opinions, causing controversy in the industry. According to public information, Hengli Industrial's 2023 annual report was issued a qualified opinion by the previous audit agency, and a delisting risk warning was imposed due to revenue of less than 100 million yuan and doubts about its ability to continue operating. At the key point of containment, Hengli Industrial temporarily replaced the annual review agency at the end of December 2024, but the two parties continued to cooperate and conflict. In April 2025, Xutai proposed to issue an audit report that could not express an opinion, which caused a dispute with the listed company, and the annual report was not disclosed within the statutory period. Soon after, Hengli Industrial was delisted and a lawsuit was immediately filed, claiming 38.27 million yuan against Xutai. The core personnel of the project bear unlimited joint and several liability. In the past two years, there has been a marked increase in the number of cases of A-share listed companies suing annual audit accounting firms. Many companies have filed lawsuits against auditing institutions due to disputes over audit progress, non-standard audit opinions, etc. Behind a series of lawsuits, there are practical problems such as unclear division of accounting responsibilities and audit responsibilities, and shortcomings in the audit entrustment model. There is an urgent need for all parties to rationalize the rules.