Statutory Audit
The compulsory year-end milestone.
PRC Statutory Audit of Local Financial Statement
Our Local Compliance Role
Statutory Audit performed by a «Certified Public Accountant Firm» duly registered and authorized in People’s Republic of China (PRC) in compliance with local Auditing Standards with the Issuance of an Annual Report including an Audit Opinion on the Financial Statements drafted in accordance PRC GAAP.
We collaborate with the local CPA Firm in order to develop a common audit plan, sharing our methodology and team and facilitate the sharing of Group Referral Audit Instructions from the headquarters component entity to its Chinese subsidiary.
Audit of Reporting Packages for Group Consolidation Purposes
Our Group Compliance and Reporting Role
Audit of the Reporting Package drafted according to the Group GAAP, as instructed by your Group Auditor in compliance with International Auditing Standards with the Issuance of an Audit Report including our Opinion about whether the Rep. Package was prepared in conformity with the instructions issued by Group management for consolidation.
Our Audit Opinion is jointly signed by PRC CPA Firm and Italian Chartered Auditor registered at the bar held by the Italian Ministry of Economy and Finance.
Agreed Upon Procedures
A narrower, limited-in-scope audit focusing on specific areas of the financial statements
AUP
AUP are suggested to preliminary evaluate the behavior of company management in accordance with internal policies or targeting specific financial accounts; to be conducted under the signature of a chartered auditor in accordance with International Standard on Related Services (ISRS 4400) with the purpose to carry out specific audit procedures which auditor and the Company have agreed on and to report on factual findings.
AFC Policies & Internal Control Design
AFC (Accounting, Finance & Control) policies enable process owners to understand what the organization intends to accomplish and procedures delineate the steps required or the activities to be performed to accomplish a specific task. We can help enterprises to prepare, update and customize the standard operating procedures to formalize the processes in place, create consistency and set accountability for the execution of business activities and processing of business transactions.
Our approach to developing standard operating procedures is focused on ensuring that organization values, principles and compliance with the applicable laws and regulations are adhered to and that roles and responsibilities are clearly outlined with input and output of the process/activity/task clearly defined as depicted above.
