# Policy and Regulation Basis
Article 7 of the Measures for the Practice License and Supervision and Administration of Accounting Firms
An accounting firm shall, within 60 days from the date of obtaining a business license, apply to the local provincial finance department for a practice license. Those who have not obtained the practice license of an accounting firm shall not carry out business activities in the name of an accounting firm or engage in the business as prescribed in Article 14 of the Law on Certified Public Accountants (hereinafter referred to as the statutory business of certified public accountants).