In China, we cover a large range of audits from annual obligations to more specialized audits. An annual audit is essential for many businesses for their local needs in terms of declarations to the authority, but also international control and compliance purposes.
Asset audit is an important piece for any acquisition or restructuring between China and foreign countries in terms of compliance with the authorities. Any acquisition should be practically assessed by the tax office on the real value of the transaction, we perform this audit and assist our client in their choices.
Following our clients’ needs, we provide internal audit in terms of accounting or finance procedures but also in terms of social risks.
Auditing Firm is an intermediary service organization created by certified public accountants in accordance with the law, which is under a licensing management system supervised by Chinese government. The scale and the internationalization of auditing firm should be taken into consideration.
The annual audit is especially important for a WFOE in China even though it is not anymore a document with obligation to local tax office, because when the Company goes through the process with tax for acquisition, liquidation, dividends to shareholders or other tax-related issue, the annual audit is necessary as a basic document to tax.