A Quick Guide to Accounting and Audit in China 2023 – New Publication from China Briefing

Posted by Written by Qian Zhou Reading Time: 2 minutes

A Quick Guide to Accounting and Audit in China 2023 (1st Edition), the latest publication from China Briefing and Dezan Shira & Associates, is out now and available for download through the Asia Briefing Publication Store.

The start of a new year is a hectic time for foreign companies in China. To meet the various compliance deadlines scattered throughout the year, they need to begin the long and complicated process of financial reporting, months in advance. Failure to comply will risk them being hit with deteriorating credit, additional fines and penalties, and such companies might not be able to remit their profits overseas.

With businesses continuously affected by the COVID-19 pandemic and other economic headwinds that have slowed China’s economy in 2022, financial health and compliance has become more important than ever. More attention should thus be given to the audit and compliance procedures to reveal unexpected irregularities or suboptimal business practices, discover eligibility for tax incentives that had not previously been captured, as well as maximize efficiency within the organization.

China Briefing’s A Quick Guide to Accounting and Audit in China 2023 (1st Edition), produced in collaboration with the accounting and audit experts at Dezan Shira & Associates, aims to walk foreign businesses through the annual audit and compliance process from start to finish. The guide covers the following:

  • Chinese accounting standards
  • Annual audit in China
  • Annual compliance requirements in China

This practical and easy-to-understand guidebook will be of invaluable use to all executives involved in handling company finances concerning China, including:

  • Chief Executive Officers;
  • Chief Financial Officers; and
  • Accounting Managers.

We hope this guide helps your business add value to its annual statutory audit and compliance reporting in China.

About Us

China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done so since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at china@dezshira.com.

Dezan Shira & Associates has offices in Vietnam, Indonesia, Singapore, United States, Germany, Italy, India, and Russia, in addition to our trade research facilities along the Belt & Road Initiative. We also have partner firms assisting foreign investors in The Philippines, Malaysia, Thailand, Bangladesh.