Audit and Assurance || Ebner Stolz Asia

More than just checking the figures

We perform audits on Chinese statutory financial statements as well as on group reporting packages. Our staff has obtained extensive experience at well-known CPA firms and adheres to international standards. We strive to give practical advice to our clients on accounting and tax issues, while strictly applying the national regulations. Leveraging the knowledge gained during the audit process, we can identify risks in your business environment, provide recommendations to improve your accounting system, make optimal tax or organizational decisions, and keep you informed regarding latest regulation developments.

In particular, our audit services include:

PRC statutory audit of financial statements, prepared in accordance with the Accounting Standards for Business Enterprises
Audit of the reporting package, which is prepared in accordance with the Group Accounting Manual (e.g., HGB, IFRS, etc.)
Agreed-upon procedures

Our approach to audit and assurance

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Quality
Our team of auditors has a high degree of professional knowledge and is passionate about exceptional performance. Our primary goal is to deliver a high-quality audit service; we emphasize independence, objectivity, professional knowledge and commitment to our clients.
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Transparency
In order to help our client enhance transparent reporting practices, we strive to build transparent connections with all stakeholders. We maintain a proactive and close communication with stakeholders throughout the entire audit process.
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Effectiveness
We adopt standards of ongoing project management and communication to conduct our audits effectively. We rely on clear planning, advance warning of potential obstacles, practical recommendations, and open discussion.
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Added value
In addition to providing assurance in accordance with applicable accounting standards, we strive to provide additional value to our clients by leveraging the business insight we gain during the audit process. For key matters (e.g., weakness in the internal control system), we will summarize our findings and recommendations for our clients’ considerations.

References and success stories

Audit for a Chinese subsidiary with a complex reporting approach

The task

To provide a PRC statutory audit and audit on the group reporting package. Because the company recorded their financial data in different accounts and systems, the fragmented database made it difficult to understand their financial results.

Our approach

We sent out a list of our requests in advance, arranged a number of meetings with both the company headquarters and the local finance management, and then carried out the pre-audit and final audit in close collaboration with both parties.

The outcome

Our team reconciled the data and assessed the breakdowns behind the reported figures. After much work, we were able to identify a number of issues that stemmed from a previous audit ten years prior, which was performed by the former auditor.