SWNOVELXO Chapter 346 Two Certified Public Accountants
The staff members at the Business Management Bureau couldn't help but sigh internally.
Typically, when such a small company is acquired, the original employees are generally not retained, the staff is first laid off, and then replaced by one's own people.
In the current situation, it was clear that the original employees had already left, and the replacements had not yet arrived.
Under such circumstances, the accounts were definitely in disarray.
The live broadcast by the provincial station was being watched by the entire province now.
This company was finished, and so were the people behind it.
Even connections would be of no use, no one would dare to intervene in such matters, unless they were willing to stake their own future.
Even the uninformed journalists could understand what was happening and immediately said, "Looking at this, the company's accounts must be problematic, as to how significant the problems are, please stay tuned."
This is the job of journalists, to build anticipation among the audience.
Inside Elder Chen's manor.
Everyone laughed when they saw this scene.
It goes without saying, Jinmao Industries is finished!
Xu Yang's gaze fell on Gao Wenguang and Du Dazhi, and he nodded in approval, "You did well, this auditing move has straightaway taken out Xu Yang's company in Fengcheng!"
The two men exchanged a glance and smiled smugly.
Elder Chen's gaze landed on Tan Xiaorong, "Xiaotan, it's up to you next, to clarify Xu Yang's situation, and then we'll make plans to completely crush him!"
Zheng Kaiyang, who had been silent all along, was extremely pleased.
Xu Yang was finally going to be ruined!
He decided that once Xu Yang was crushed, perhaps even sent away,
he would go visit Xu Yang himself.
In an instant, he thought of exactly what to say to Xu Yang.
Kid, you refused compensation and insisted on opposing me, this is the outcome of opposing me!
Kid, don't think that just because you've brought down my company, you've won; you've still fallen into my hands!
Find adventures at empire
Kid, do you believe it? Before long, I will be a billionaire again, while you're finished for life!
Kid, do you now regret opposing me?
While he was excitedly contemplating these thoughts, the ring of a phone call jarred his train of thought, bringing him back to reality.
It was Yang Chengbiao's cellphone ringing, with everyone's gaze now falling upon him.
Yang Chengbiao glanced at the caller ID to find an unfamiliar number.
"Who is calling me?" Yang Chengbiao looked puzzled, but still answered the call, "Hello, who is this?"
Since it was an unfamiliar number, he didn't put it on speakerphone.
Seeing that he didn't use speakerphone, everyone turned their attention back to the TV, expectantly watching and waiting to see problems arise with Jinmao Industries' financial statements.
What they didn't know was that shortly after they diverted their gaze, Yang Chengbiao's expression turned sour.
At the same time, the scene on the TV screen also changed.
The Business Management Bureau staff were about to call the registered legal representative's phone number when nobody answered.
Then, the door to the office opened, and two young men in suits came out, one of them approached with a smile and said, "We were aware the Business Management Bureau comrades were coming for an inspection, welcome, please come inside."
After saying that, he led everyone into the office.
The staff of the Business Management Bureau were immediately shocked.
They saw on the computer at the desk, the screen displayed financial software commonly used by large companies.
To the right of the computer, there were several stacks of paper ledgers, each a dozen or so centimeters thick.
The ledgers were neatly arranged, just like blocks of tofu.
"What's going on?"
The journalist was stunned.
Even without an understanding of finance, he knew that such neatly organized ledgers made it very hard for people to believe that the accounts were a mess.
The staff member from the Bureau of Commerce suppressed the shock in his heart, glanced at the two young men in suits, and then asked, "May I know who you are at Jinmao Industrials?"
The young man in a suit who had just spoken smiled and replied, "We are accountants at Jinmao Industrials."
Accountants at Jinmao Industrials?
The staff member was very puzzled, "This company was just acquired a few days ago, and you two have managed to get the accounts in order in such a short time?"
Normally, even for a small company like this, it would take two accountants two to three months to organize the accounts.
Why are the annual financial statements of big companies usually published around March?
Large companies have more accounts, which require time.
But don't forget, their finance personnel are not on the same level as those from small companies; the scale of the finance personnel matches that of the company.
This means, indeed, that organizing the accounts takes this much time.
For two people to get the accounts in such order in just a few days was truly unimaginable.
The young man in the suit smiled lightly, "Yes, we have both passed the CPA examination."
"What, you both passed the CPA exam?" The staff member was shocked.
They knew very well what CPA was—it signified Certified Public Accountants, the real heavyweights in the accounting field.
Either of these two could hold important financial positions in Fortune 500 companies.
Looking across the entire Fengcheng, it would probably be hard to find a single enterprise with a CPA.
And now, Jinmao Industrials, this small broken company, had brought in two CPAs as accountants.
Who would believe that if it were told?
The Bureau of Commerce's records showed that the acquisition amount for Jinmao Industrials was just eight hundred thousand.
This eighty thousand wouldn't even cover the annual salary of one CPA.
Could the company afford it?
The staff member from the Bureau of Commerce immediately felt a dry mouth and tongue-tied, unable to say what he wanted to say.
The provincial station reporter had a blind spot in this area and had no idea what CPA meant; he couldn't help but say, "I don't care about any CPA, just hurry up and audit the accounts."
The Bureau of Commerce staff couldn't help but smile bitterly, "There's no need to audit, with two CPAs here, there's definitely no problem with the accounts. To put it bluntly, even if there were issues, we wouldn't be able to detect them with their level of proficiency."
There were only a few senior accountants in Fengcheng's Bureau of Commerce.
The one that came today was just a mid-level accountant.
Asking a mid-level accountant to scrutinize the accounts organized by two CPAs was like asking a martial arts apprentice to decode the moves of a martial arts master; it was simply making things difficult for him.
Hearing this, the journalist was dumbfounded and couldn't help but ask, "Then what do we do?"
The Bureau of Commerce staff replied, "What else can we do? There's definitely no problem that can be found with an on-site audit. We need to seal the computers and the ledgers and take them back to the higher authorities for an investigation."
The young man in the suit pointed to two cardboard boxes nearby, smiling and saying, "We've already prepared the boxes for you."
Upon seeing this, the Bureau of Commerce staff smiled wryly again.
They had anticipated this scenario; even the boxes had been prepared in advance.
Without further ado, time to seal everything and leave.
So, several Bureau of Commerce staff members swiftly began packing up the computers and ledgers and carried them away.
The journalist was stunned.
This was completely different from what he had imagined.
He had thought that the staff from the Bureau of Commerce would enter the company to find a chaotic scene, with glaring holes in the accounts, instantly pointing out issues upon inspection, exposing things like tax evasion.
That was the kind of news he wanted.