To assure the reliability of an enterprise’s financial report, itis vital toestablish an effective internal control system as well as itsimplementation.The fraud incidents of Enron, WorldCom and other enterprisesmake the world’s governments and regulators, business circle, theaccountingprofession and the investors pay more attention on internalcontrol.Governments and regulators now put focus not only on the reliabilityoffinancial report but also on the institutionalbuildingof reliability. For enterprises, they need to disclose the informationaboutinternal control and invite CPAs to audit the effectiveness of internalcontrol. Sarbanes-Oxley Act of U.S.A and FinancialCommodityExchange Act of Japan both request that Auditors shall performauditing oninternal control of financial report. Finance Ministry and otherfourministries and commissions of China issued “Guidelines for Audit of Enterpriseinternal control ”on 26th,April,2010 which took effect on 1st,Jan.2011. Under the circumstances mentioned above,besidesannual audit of the financial statements, we also offer the service ofinternal control auditing and issue“Internal Control Audit Report”according to the client’s need. In consideration of independence of CPAs,theaccounting firm that works as an auditor for an enterprise cannot be thesameas the one that helped to establish the internal control system, we willgiveassistance to the enterprises which are audited by other accounting firms(mainly foreign merchants investment in China audited by bigfour) to establishinternal control system: For the internal control at the companylevel, wehelp to produce an individual internal control system based on thefinancialprovisions of parent company in Japan (or U.S.) for the daughtercompany in China; For the internal control of businessprocess, weprovide solution to prevent the situation of effective internalcontrol system,but the effective execution. For further information, please contact yourregularCPA or call our professional on duty |