安永-申报会计师的职责

Main market 主板
► World class market 世界著名的资本市场
► Home to the largest companies 大企业融资的平台
► Minimum market capitalisation £700,000 最小市值要求 70万英镑
► > 25% of shares held by public 25%以上的流通股
The Reporting Accountant – adding value to your IPO
申报会计师的职责 张钧，中国业务部副总监
2008年7月3日年7月3日
Agenda 大纲
► The role of the Reporting Accountant 申报会计师的工作内容
► The keys to a successful IPO 上市成功的关键因素
► Our IPO readiness assessment service 我们的上市准备评估服务
► Why Ernst & Young 为什么选择安永
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Benefits of the London markets 伦敦市场的若干优点
► The range of available markets provides a compliance regime that matches the stage of development and needs of your business 伦敦的几个市场为企业发展的不同阶段提供了相应的融资及合规平台
► No trading record required 没有业绩的要求
► Requires a Nominated Advisor (“Nomad”) 需要保荐人
► Admission document issued (less than a prospectus) 入市文件
The role of the Reporting Accountant in an IPO 会计师在首次公开募股中的职责
► The Reporting Accountant is one of the essential advisors to every IPO 上市团队中的主要顾问之一
► Provides the wide ranging, high quality a百度文库d timely commercial advice necessary to ensure your business is set up to successfully meet the challenges faced by London quoted companies 全面、高质、及时的专家建议确保您上市成功
► Key advisory role on tax where the global reach of a firm such as Ernst & Young can cover all IPO tax requirements and provide an integrated approach to tax and other commercial advice. Services include 重要的税务顾问角色。安永的全球网络可以确保为您提供与上市相关的一揽子服务
► Provides the key financial due diligence deliverables required to complete your IPO 关键的财务尽职调查
► Complements the advice of your I-bank and other IPO advisors 补充投行和其他顾问的意见
► Three year trading record 三年业绩要求
► Fully compliant prospectus issued 完全合规的招股书
► Requires a sponsor 需要保荐人
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SFM 专业基金市场 ► New market for funds
为基金开设的新市场 ► Targeted at professional
investors 针对专业投资人 ► More lightly regulated than
Main Market 比主板市场的监管宽松 ► Fully compliant prospectus issued 完全合规的招股书 ► Requires a sponsor 需要保荐人
► London’s broad and deep investor base is substantially accessible to companies that float on each of its markets and includes US and other global investors 在伦敦上市可以接触到这里广泛而且资金雄厚的投资者群体，这其中包括美国和全球的 投资者
► Each of the London markets has a less expensive compliance framework than the US, before and after IPO. Class action suits against the Directors are not prevalent in the UK unlike the US 伦敦的每个市场在上市前、后的合规成本都比美国低。对董事的集体诉讼在英国发上的 几率比在美国低得多
► The scope of the Reporting Accountant’s work varies with the choice of market 申报会计师的工作内容依不同的市场会有变化
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Your choice of market affects the work to be performed on the IPO 伦敦不同的市场对工作有不同的要求
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AIM 高增长市场
► For smaller or growing companies 适合相对规模较小或高增长 的公司
► No minimum market capitalisation but maximum of circa £500 million
无最小市值要求，最大市值 约5亿英镑
► Most lightly regulated 监管宽松