Promulgated by the Ministry of Finance on January 22, 2005 and effective as of March 1, 2005

Article 1 In order to regulate the registration of certified public accountants, the present Measures are formulated in accordance with the Law of the People's Republic of China on Certified Public Accountants and other relevant laws.

Article 2 The present Measures shall be applicable to the persons who apply for being registered as certified public accountants.

Article 3 The institutes of certified public accountants of the provinces, autonomous regions or municipalities directly under the Central Government (hereinafter referred to as the institutes of certified public accountants at the provincial level) shall be responsible for the registration of certified public accountants and relevant administration work within their respective jurisdiction, and the Chinese Institute of Certified Public Accountants shall offer guidance to the registration administration work of the institutes of certified public accountants at the provincial level.

A certified public accountant engaging in accounting work according to law shall have obtained a Certified Public Accountant Certificate (hereinafter referred to as the CPAC) uniformly produced by the Ministry of Finance.

Article 4 Whoever meets any of the following conditions and has engaged in auditing work within the territory of China for two years or more may file an application with the institute of the certified public accountants at the provincial level for registration:

(1) Having passed the National Uniform Certified Public Accountants Examination; or

(2) Having been lawfully determined or evaluated as eligible for being a certified public accountant.

Article 5 An applicant may not be registered as a certified public accountant if he is under any of the following circumstances:

(1) Being without complete civil capacity;

(2) Having been given a criminal penalty and it is less than five years from the termination date of execution of the criminal penalty to the date of registration application;

(3) Having been given an administrative punishment, dismissed from his post or subject to any severe sanctions because he had committed any serious mistakes in the work of finance, accounting, auditing, corporate management or any other economic management, and it is less than two years from the day when the punishment or sanction decision comes into effect to the day when a registration application is filed;

(4) Having been given a punishment that his Certified Public Accountant Certificate is revoked and it is less than five years from the day when the punishment or sanction decision comes into effect to the day when a registration application is filed;