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At PHC Advisory we support Clients by preparing subsidiaries for the certified auditor’s annual statutory audit.
An annual statutory audit is an independent review performed by a locally licensed certified auditor, required for many foreign‑invested entities across China, Vietnam, India, the UAE and Italy. The auditor examines accounting records, supporting documentation and financial statements to issue an audit opinion. Audit deliverables serve as key input for annual CIT settlement, official regulatory filings, dividend repatriation and group consolidation. Insufficient pre‑audit preparation, unreconciled balances or incomplete supporting documents can lead to audit delays, qualified opinions and block subsequent regulatory or dividend‑related procedures.
Services
Audit preparation support services
Account reconciliation
Audit supporting document gathering
Liaison with locally statutory audit firm services
Why PHC Advisory for Annual Audit?
At PHC Advisory we support Clients by preparing subsidiaries for the certified auditor’s annual statutory audit, reconciling accounts, resolving open items, compiling audit working papers and liaising with the appointed audit firm to achieve timely, unqualified audit conclusions.
Who We Serve
- Foreign-invested enterprises (FIEs) and subsidiaries of foreign groups
- Multinational groups
- Small and medium-sized enterprises (SMEs)
- Private equity-backed groups
- Subsidiaries consolidated by a foreign parent
- Group CFOs and finance directors
FAQ's
It is required for many foreign-invested entities, and the audit deliverables are a key input for the annual CIT settlement, official regulatory filings, dividend repatriation and group consolidation.


