Auditing

1. Assurance and Advisory
Successful audits can best be achieved with an experienced audit team, dedicated audit management with years of expertise, strict quality control procedures, and the highest level of professional ethics. Lee & Lee Chinese audit firms can provide you with a customized, high-quality audit service through our experienced audit team in a cost-effective manner.

We are dedicated to providing you with not only an audited statutory financial statements but value-added services as well. We are committed to raising the issues noted during the course of our audit or auditing, including accounting, finance, tax, legal, prc customs, business management, and so forth. Not merely an audit report writer, we are dedicated to working with you in order to solve any issues and initiate optimization changes to optimize the performance of your organization.

2. PRC Statutory Audit
In China, statutory audits are required for all Foreign Invested Enterprises (“FIEs”) each year. Compliance to all prevailing Chinese statutory requirements is a must. These requirements comprise laws and regulations on accounting, finance, tax, foreign exchange, social welfare, customs, administration of industry and commerce, etc.

With extensive local expertise, we can ensure a smooth statutory audit and its compliance being successfully completed in a timely manner.

3. IFRS Audit
International Financial Reporting Standards (“IFRS”) became effective since 1 January 2005 for all listed companies in Europe. Furthermore, there is a trend of convergence of IFRS with local Generally Accepted Accounting Principles (“GAAP”) in many countries.

Preparation of accounts in accordance with IFRS will enhance the transparency, credibility and comparability of the financial statements. As a result, it should result in easier access to capital markets, higher credit ratings and corporate reputation, etc.

Our experienced professionals can assist you in preparing financial statements by sorting out the differences between the PRC GAAP and IFRS and then propose GAAP adjustments on statutory accounts.