On April 23rd, the draft amendment to the Accounting Law was submitted for review at the 9th meeting of the Standing Committee of the 14th National People's Congress. Accounting law is the fundamental law that regulates accounting work. Since the implementation of the current accounting law, it has played an important role in regulating accounting behavior and maintaining market economic order. With the continuous development of the economy and society, accounting work is facing new situations and tasks, and it is necessary to revise and improve the accounting law. The revised draft consists of 17 articles, which adhere to the leadership of the Party over accounting work, stipulate that accounting work should implement the Party and the state's line, principles, policies, and decision-making arrangements, safeguard social public interests, and serve the development of the national economy and society. In terms of strengthening accounting supervision, the revised draft strengthens internal accounting supervision within units, requiring each unit to establish and improve its internal accounting supervision system, and incorporate it into its internal control management system. The revised draft increases the legal accountability for financial fraud. Connect with the punishment provisions of relevant laws such as the Securities Law, and increase the fine amount for illegal acts such as not setting accounting books in accordance with the law or setting accounting books privately. Increase the fine amount for illegal activities such as forging or altering accounting vouchers, accounting books, and preparing false financial accounting reports. Increase the fine amount for illegal activities such as instructing, instructing, and forcing accounting institutions, accounting personnel, and other personnel to forge or alter accounting vouchers, accounting books, and prepare false financial accounting reports. At the same time, corresponding adjustments have been made to the fine amount for directly responsible supervisors and other directly responsible personnel. (Lai Xin She)