A Quick Guide to Accounting and Audit in China 2023

A Fast Information to Accounting and Audit in China 2023 (1st Version), the newest publication from China Briefing and Dezan Shira & Associates, is out now and out there for obtain by the Asia Briefing Publication Retailer.

The beginning of a brand new 12 months is a busy time for overseas corporations in China. To satisfy the varied compliance deadlines scattered all year long, they should start the lengthy and complex course of of monetary reporting, months upfront. Failure to conform will danger them being hit with deteriorating credit score, extra fines and penalties, and such corporations may not be capable to remit their income abroad.

With companies repeatedly affected by the COVID-19 pandemic and different financial headwinds which have slowed China’s economic system in 2022, monetary well being and compliance has turn out to be extra necessary than ever. Extra consideration ought to thus be given to the audit and compliance procedures to disclose sudden irregularities or suboptimal enterprise practices, uncover eligibility for tax incentives that had not beforehand been captured, in addition to maximize effectivity throughout the group.

China Briefing’s A Fast Information to Accounting and Audit in China 2023 (1^st Version), produced in collaboration with the accounting and audit specialists at Dezan Shira & Associates, goals to stroll overseas companies by the annual audit and compliance course of from begin to end. The information covers the next:

• Chinese language accounting requirements
• Annual audit in China
• Annual compliance necessities in China

This sensible and easy-to-understand guidebook will likely be of invaluable use to all executives concerned in dealing with firm funds regarding China, together with:

• Chief Govt Officers;
• Chief Monetary Officers; and
• Accounting Managers.

We hope this information helps what you are promoting add worth to its annual statutory audit and compliance reporting in China.