All Foreign Invested Enterprises (FIE) in China are legally obligated to have the annual financial statements examined by a registered CPA in China. Foreign companies who use local Chinese audit firms often encounter several problems:

• Language problems and problems with cultural differences;
• Audit reports are too basic and missing detailed information.

bdp can organize and manage the whole auditing process between the Chinese subsidiary and a trusted and registered Chinese audit company effectively to ensure transparency and maximum understanding between German headquarters and Chinese subsidiary. bdp is experienced and able to provide the following services:

• Assistance in annual audit with consideration for the requirements of Germany parent company and respond to inquiries from the German parent company;
• Prepare and supervise the whole process of annual audit;
• Audit of annual financial statements prepared based on China GAAP/German GAAP/ IFRS;
• Accounting inspection;
• Examination of internal control systems;
• IT system examination;
• Fraud audit;
• Special audit and internal audit;
• Due diligence.