audit firm

An audit firm is introduced as follows:

An audit firm refers to a legally established social audit organization that independently undertakes audit verification and consulting services. It belongs to an independent accounting, self-supporting, paid service and tax-paying institution. China audit firm shall be established with the approval of the provincial audit institutions, and can only start business after going through industrial and commercial registration and obtaining a business license.

accept the management and operational guidance of audit institutions. Business scope includes:

1. Audit and verification of financial revenue and expenditure.

2. Identification of economic cases.

3. Verification and annual inspection of registered capital.

4. Establish account books, accounting systems and related consulting services.

5. Train auditing, finance and accounting personnel.

Scope of business

Audit firms are entrusted by state organs, enterprises and institutions owned by the whole people, urban and rural collective economic organizations and individuals to undertake audit verification and consulting services.

The audit verification business of an audit firm includes the following items:

1. Verification of financial revenue and expenditure, economic benefits and economic responsibilities;

2. Identification of economic cases;

3. Verification and annual inspection of registered capital;

4. Verification of budget and final accounts of capital construction projects;

5. establish account system, evaluate assets, and clean up creditor's rights and debts;

6. handle the verification business of foreign-invested enterprises. Audit firms handling the verification business of foreign-invested enterprises, which must be handled by accountants registered in China according to relevant laws and regulations, shall be implemented in accordance with the Regulations of the People's Republic of China on Certified Public Accountants.

according to government regulations, audit firms handle relevant audit matters of urban and rural collective economic organizations.

The main business scope of an audit firm includes

1. Audit and verification of financial revenue and expenditure. Including the legality of financial revenue and expenditure, the authenticity and compliance audit of property and materials

2, and the identification of economic cases. The basic facts should be clarified, and more in-depth practical research should be carried out.

3. Verification and annual inspection of registered capital. The annual business license inspection, the registered capital audit.

4. Establish account books, accounting systems and related consulting services.

5. Train auditing, finance and accounting personnel. At the same time, strictly abide by financial laws and regulations and professional ethics. Strengthen legal awareness and self-cultivation of ideological quality, so as to improve the overall work quality and efficiency of the financial department.