Annual Licensing & Renewals in China
by John Zhang, Senior Financial Auditor, Dezan Shira & Associates
Audit is not just about financial issues. You also have to submit a range of other documents and licenses to the authorities for checking and renewal if necessary - the so-called "annual co-operative examination". This is a bureaucratic process, but it is a good time to take stock and ensure all your paperwork is up to date.
Luckily, the authorities do try to make it is easy as possible for you - you can either submit your details via the internet, or by going to an office where officials from a total of seven different agencies come together temporarily for this process.
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