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What other functions does the Internal Management Guide for Accounting Firms have?
The Draft Guide focuses on standardizing the administrative structure and mechanisms of accounting firms, the operations of their shareholder' meeting, board meeting, supervisors' meeting, the duties of accounting managers, shareholders' rights and obligations, entry and exit of shareholders as well as transfers of shares. The Draft Guide also contains the requirements that accounting firms shall be operated in the form of "ordinary partnerships" or "special partnerships" based on the allocation of resources and their business nature. The Draft Guide also regulates the relationship between accounting firms and their staff, quality control requirements as well as the management and control of subsidiaries.
The Draft Guide also focuses on the duties of partners, which include disclosure of the firm's information to shareholders, members of staff and the public under various circumstances.
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