Foreign investors' companies such as Wholly Foreign Owned Enterprises (WFOEs) and Joint Ventures (JVs) must have their financial statements, including balance sheets, income statements, and cash flow statements audited each year by a certified public accountant (CPA).
The goal of the audit is to double-confirm that your company's financial situation is as it is said to be in your accounts and that there are no anomalies.A CPA is impartial, as they are independent, and so an annual accounts audit offers you additional assurance about your company's financial health in the following ways:
It can be difficult to find the right CPA who is going to do a fast, effective, and easy-to-follow job, and who can communicate well in English.
By outsourcing this task to Hongda, we’ll arrange for one of our partner CPAs, who are amongst the best in Shenzhen and the rest of the PRD, to handle your audit.
You’ll be reported to in English in order that you fully understand your accounts situation in totality.This gives you more time to focus on other matters by saving you the headache of finding a CPA to do this in the first place, and that you may have little idea if the ones that you find are actually capable.
Should any issues arise, our China accounting and tax experts can also consult you on your company’s options moving forward and advise on the correct steps to make sure your company is compliant.
When Hongda arrange and oversee your annual China accounts audit, you’ll:
The service cost will vary according to the size of your company, the complexity of its data and other factors.
Now you can just sit back, and Hongda will arrange your audit from start to finish, making sure that you have the results in English upon its completion.
Chinese companies MUST prepare their annual audit before April 31st each year. Get professional assistance to handle your audit. Just click the button below to request a FREE consultation with our experts where we'll suggest the best course of action to tackle it: