At PHC Advisory we support Clients by preparing subsidiaries for the certified auditor’s annual statutory audit.

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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

Why is an annual statutory audit important?

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.

What happens if the pre-audit preparation is insufficient?
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