This article provides practical guidance on how to prepare for an effective annual audit in China, which is important to a company’s long-term development.
In China, January and February bring New Year banquets, transportation chaos…and annual compliance procedures. These procedures are not only required by law (and completing them improperly could lead to fines), but are a good opportunity to conduct an internal financial health check.
Dec. 28 – As the yearend is approaching, foreign-invested businesses in China should begin thinking about preparing for the annual cooperative examination that takes place each year between March 1 and June 30. The procedure can be undertaken by the foreign business itself or by its local agency after the annual audit of the enterprise […]