BDO China Shu Lun Pan CPAs (BDO) was founded by Mr. ShuLun Pan in 1927, one of the most prestigious accounting firms in China, recognized by the certified public accountants industry as one of the most influential national brands. It provides “BDO experience” for local accounting firms, seeking to build international brands.
In the 1980s, along with the reform and opening up policy, BDO regained its license after decades of suspension. In the wave of restructuring reform, BDO seized the opportunity to complete the restructuring and laid the groundwork for rapid development. In the rapid development of China’s economy and capital market, BDO introduced the new equity and operation mechanism, boldly recruited talents and improved the practice standards, achieving rapid development. In 2009, BDO invested a lot of manpower, material and financial resources to enrich and strengthen the management team. With bold and innovative reform, BDO became a limited liability partnership (LLP), the first accounting LLP in China’s history, and became one of the first accounting firms granted the qualification for providing audit services to H-share companies. This was a significant step for BDO to become a modern global firm.
Over the past decade, the BDO brand has won widespread praise throughout China. In the process of internationalization, BDO has utilized its intangible assets and relevant international influence. In the Chinese Institute of Certified Public Accountants’ list of top 100 accounting firms in China, BDO was ranked fourth in 2016, with annual revenue exceeding 3.8 billion yuan. In 2017, BDO came third in the list, becoming the largest domestic accounting firm and the third largest in China.
In the future, BDO will supervise audit quality and control the audit risk, participate in related services of the Belt and Road Initiative, and stick to the ongoing global strategy. BDO will take over international capital merger and acquisition cases and improve practice standards and management, while advancing toward the goal of one hundred glorious years with energy and enthusiasm.