Statutory audit of financial statements of Foreign Invested Entities in China
According to the People’s Republic of China (PRC) Company law and relevant legislations, all Foreign Invested Enterprises (FIEs) such as Wholly Foreign Owned Enterprises (WFOEs) and Joint Ventures (JVs) are required to prepare their annual financial statements, including balance sheets, income statements and cash flow statements for their annual PRC statutory audit. Representative Offices (ROs) are also subject to annual statutory audit. An annual statutory audit can only be performed by a...

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