Organizations

China National Audit Office

accountingview — Fri, 15 Jun 2007 07:33:00 GMT

Duties and Responsibilities of Audit Institutions in China

According to Audit Law of the People's Republic of China and other related rules and regulations, the duties and responsibilities of audit institutions in China include as follows:

1.Audit institutions shall exercise supervision through auditing over the budget implementation, final accounts and other revenues and expenditures of departments (including their subordinate units) at the corresponding levels and of the people's governments at lower levels.

2.The National Audit Office shall, under the leadership of the Premier of the State Council, exercise supervision through auditing over the implementation of the budget of the Central Government as well as other revenues and expenditures, and submit audit reports thereof to the Premier. Local audit institutions at various levels shall, under the respective leadership of the governors of provinces, chairmen of autonomous regions, mayors, prefecture heads and heads of counties or districts as well as under the leadership of audit institutions at the next higher levels, exercise supervision through auditing over the budget implementation at the corresponding levels as well as other revenues and expenditures, and submit audit reports to the people's governments at the corresponding levels and to the audit institutions at the next higher levels.

3.The National Audit Office shall exercise supervision through auditing over the revenues and expenditures of the Central bank. Audit institutions shall exercise supervision through auditing over the assets, liabilities, profits and losses of the State-owned monetary organizations.

4.Audit institutions shall exercise supervision through auditing over the revenues and expenditures of the State institutions as well as other public institutions utilizing financial funds.

5.Audit institutions shall exercise supervision through auditing over the assets, liabilities, profits and losses of the State-owned enterprises.

6.Supervision through auditing over the enterprises and monetary organizations with State-owned capital controlling their shares or playing a leading role shall be stipulated by the State Council.

7.Audit institutions shall exercise supervision through auditing over the budget implementation and final accounts of the construction projects fully or primarily financed by government investment.

8.Audit institutions shall exercise supervision through auditing over the revenues and expenditures of the social security funds, public donations and other relevant funds and capital managed by governmental departments and other units authorized by the government.

9.Audit institutions shall exercise supervision through auditing over the revenues and expenditures of projects with aids or loans provided by international organizations or governments of other countries.

10.Audit institutions shall, in accordance with the relevant provisions of the State, supervise through auditing the performance of economic accountabilities held by the responsible persons of state organs and other units subject to auditing as stipulated by law, for one’s term of office and in respect of the revenues, expenditures as well as relevant economic activities of the district, department or organization the auditees belong to.

11.Audit institutions shall exercise supervision through auditing over the items that shall be audited by audit institutions as stipulated by other laws, administrative rules and regulations, in accordance with the provisions of this law as well as relevant laws, administrative rules and regulations.

12.With regard to the particular items relating to State revenues and expenditures, audit institutions shall have the right to carry out special investigations through audit from relevant localities, departments and units and report the results thereof to the people's governments at the corresponding levels and to the audit institutions at the next higher levels.

13.Audit institutions shall determine their audit jurisdiction on the basis of the auditees' financially subordinate relations or the supervisory and managerial relations with respect to the State assets of auditees.
Where a dispute arises on audit jurisdiction between audit institutions, the matter shall be determined by an audit institution superior to both disputing parties.
Audit institutions at higher levels may authorize audit institutions at lower levels to audit the items under their jurisdiction as stipulated from paragraph 2 of Article 18 to Article 25 in this Law. Audit institutions at higher levels may directly audit the major items under the jurisdiction of audit institutions at lower levels. However, unnecessary repetitive audits shall be avoided.

14.Organizations subject to auditing by audit institutions as stipulated by law, shall establish and improve their internal auditing systems in accordance with the relevant provisions of the State; such internal auditing thereof shall be subject to the professional guidance and supervision of audit institutions.

15.If the organizations audited by public audit firms are subject to auditing by audit institutions as stipulated by law, Audit institutions shall, in accordance with provisions of the State Council, have the right to check relevant audit reports produced by public audit firms.

Powers of Audit Institutions in China

According to Audit Law of the People's Republic of China and other related rules and regulations, the powers of audit institutions in China are:

1. Audit institutions shall have the power to require auditees to provide, in accordance with the request by audit institutions, their budgets or plans for other revenues and expenditures, statements about budget implementation, final accounts and financial reports, electronic data for revenues and expenditures stored and processed by computers and necessary computer technology documents, information about their accounts in monetary organizations, audit reports produced by public audit firms and other information relating to their revenues and expenditures. Auditees shall not refuse to do so, or delay the provision or make false reports.

The heads of auditees shall be held responsible for the authenticity and integrity of such financial and accounting information provided by them.

2.Audit institutions shall, in conducting audit, have the power to examine the accounting documents, account books, financial reports, information system used for the management of electronic data for revenues and expenditures, and other information and assets relating to revenues and expenditures of the auditees, and the auditees shall not refuse to produce those materials.

3.Audit institutions shall, in conducting audit, have the power to carry out investigations among units or individuals concerned into matters relating to audit items and obtain relevant testimonial materials. The units and individuals concerned shall support and assist the audit institutions in their work by providing them with truthful information and relevant testimonial materials.

Audit institutions, with the approval of the responsible persons of audit institutions of people’s governments at or above the county level, have the power to inquire about the accounts of auditees in monetary organizations.

Audit institutions, with the proof of auditees’ depositing public funds in personal accounts and approved by the primary responsible persons of audit institutions of perople’s governments at or above the county level, have the power to inquire about the saving deposits of auditees in the name of individuals in monetary organizations.

4.When audit institutions conduct audit, the auditees shall not transfer, conceal, falsify or destroy their accounting documents, account books, financial reports or other information relating to their revenues and expenditures, and shall not transfer or conceal the assets that are in their possession but obtained in violation of the provisions of the State.

Audit institutions shall have the power to stop acts of auditees in violation of stipulations specified in the preceding paragraph; If necessary, audit institutions, with the approval of heads of audit institutions at or above the county level, have the power to seal relevant materials and assets obtained in violation of the provisions of the State; If it is necessary to freeze relevant saving deposits of auditees in monetary organizations, audit institutions shall appeal to the People’s court for its adoption.

Audit institutions shall have the power to stop the ongoing acts of the auditees relating to the revenues and expenditures in violation of the provisions of the State. If they do not succeed in stopping such acts, they shall, with the approval of the responsible persons of audit institutions of people’s governments at or above the county level, notify the departments of public finance and the competent authorities to suspend allocating funds directly related to the acts in violation of the provisions of the State regarding the revenues and expenditures or to suspend the use of the funds already allocated.

Adoption of the measures specified in the preceding two paragraphs by audit insitutions shall not hinder the lawful business activities, production and operation of the auditees.

5.If audit institutions consider that the regulations of the competent departments at higher levels on revenues and expenditures implemented by the auditees contravene the law or the administrative rules and regulations, they shall suggest that the competent departments concerned make corrections. If the departments concerned fail to make corrections, the audit institutions shall refer the matter to the competent organs for disposition according to law.

6.Audit institutions may issue circulars about their audit results to the relevant governmental departments or publish such results to the public.
Audit institutions shall, in circulating or publishing audit findings, keep State secrets and trade secrets of the auditees in accordance with the law and observe the relevant provisions of the State Council.

7.Audit institutions may, in performing the duty of supervision through auditing, ask other institutions in charge of public security, supervision, finance, taxation, customs, price, administration of industry and commerce, etc. for assistance.

This article is copied from CNAO

BDO Wuhan Zhonghuan CPAs

accountingview — Mon, 30 Apr 2007 02:25:00 GMT

BDO Wuhan Zhonghuan Certified Public Accountants Co., Ltd, which is approved by national financial authority, is a social intermediary organ that can independently engage in accounting affairs according to law. The former of Wuhan Zhonghuan is Wuhan Zhonghua Certified Public Accountants which is established by Zhonghua Finance consulting Co. of Ministry of Finance and Wuhan Finance Department on October 1987, and is one of the earliest established and largest accounting offices in Hubei area. It is one of 70 offices over the country approved and qualified for accounting affairs of securities, futures and other relevant businesses by national authorities. It was ranked 25th in “100 Strongest Accounting Offices in China in 2005” published by China Certified Public Accountant Association.

On March 2005, Wuhan Zhonghuan Certified Public Accountants Co., Ltd joined the fifth international accounting and consulting firm ---- BDO International network. (http://www.bdointernational.com/)

Now being a member of BDO international network, we will fully utilize experiences of BDO in international marketing, superiority in brand, adequate global resources in technical support，and mature administrative technologies to wholly upgrade the competition superiority of our firm. At the same time, we will continue to exert our integrative advantages in Chinese market（especially in the Chinese Midwest market）. Only thus can we provide all-directional services for both Chinese and foreign clients, on a more immense stage, in a more high-class business scope covering overseas listing and financing for Chinese enterprises, merger and purchase of Chinese enterprises for foreign Multi-national company and management consulting service.

Business Qualification

During the development of recent 20 years, BDO Wuhan Zhonghuan CPAs has provided various high-quality services with most kinds of relevant qualifications.

The Ministry of Finance of People’s Republic of China and China National Securities Supervision and Management Committee has issued:

Auditing certificate for securities market

The Ministry of Finance of P.R.C and People’s Bank of China has issued:

Auditing certificate for financial industry in the first batch

Auditing certificate for large state-owned enterprises

Judiciary appraisal certificate

On 25th, October 2005, “BDO Wuhan Zhonghuan Certified Public Accountants” has completed register with PCAOB successfully, and it becomes the unique accounting firm registered with PCAOB in Middle Western China. Basing on this registration, we can provide better, international and professional services for subsidiaries of American listed companies in china, the Chinese companies listed in America market and other related clients.

Staff

Since its foundation, BDO Wuhan Zhonghuan CPAs has been healthily and smoothly developed due to the strong support of personages from various industries and has established a competitive professional team consisting of more than 200 specialists and assistants in accounting, audit, taxation, finance and investment, including 145 certified public accountants and 35 qualified certified public accountants in securities, futures and relevant businesses. The certified public accountants of the firm have been trained or have received higher education in finance, accounting, law, etc. Most of them are bachelors, masters or doctors and have good professional theoretical foundation, plentiful practical experiences, strong enterprising and selfless contribution spirits. They are in the prime of their lives, having developing spirit to form a strong basis and able to provide high-quality services to clients. It is good guarantee for the high-quality business operation.

Main Business scope

Our firm operation has covered more than 20 provinces, cities and autonomous regions over the country including: Beijing, Hubei, Jiangxi, Hunan, Guangdong, Henan, Tianjin, Fujian, Heilongjiang, Liaoning, Jilin, Ningxia, Shanghai, Jiangsu, Zhejiang, Sichuan, Inner Mongolia, Shanxi, Shanxi, Gansu, Hebei etc.

Main services scope

Enterprise joint stock system restructured and listing service

Familiar with Laws and regulations of securities market, helping enterprise to restructure to joint stock system and for enterprises which intend to list in the external markets

Doing feasibility study for enterprises which intend to list in the external markets

Assist the work for listing in the external markets in early period, including providing professional advices for restructuring

Undertakes enterprise joint stock system restructuring, provide the auditing services, capital verification, assets appraisal and profit forecasting review

Accounting and auditing services

We are familiar with PRC GAAP and Internal Accounting Standard. We accept engagements both from domestic and overseas investors and provide Auditing Services to them.

Auditing the financial statements of listed company, large-scale state-owned enterprise and foreign investment enterprise;

Capital verification;

Auditing Services on Acquisition, Merge, Liquidation of the enterprise;

Other specific auditing services regulated by laws and regulations including consolidated financial statements auditing, annual inspection for foreign exchange account, enterprise economic performance auditing and manager departure auditing, and other identification services.

Management consulting services

Collecting and providing the updated accounting standards, policies and information for the enterprise management, restructure, investment, liquidation and other economic conduct decision;

Providing financial and economic evaluation and feasibility reports;

Providing the economic activities analysis, the finance management consultation, accounting and audit consultants;

Finance accountant, audit personnel, property assessment personnel, financial information systems operators and training services;

Designing the business enterprise internal control system, finance accounting system

Enterprises perennial accounting consultants.

Merger advisory services

Identify suitable acquisition/merger target;

Assist in negotiation acquisition / merger transactions;

provide finance, accounting solutions, credit investigation;

For acquisition / merger project, provide professional advices to the restructuring program.

Tax services

Providing services of corporation and individual tax registration, tax declaration, and tax paying;

Being tax advisor, providing tax policy, rules and standards, giving advises of tax planning, and deputizing for tax concession application;

As tax agency, acting as an intermediary in the dissension of two parties, and solving tax re-trial;

Tax planning and tax advisor;

Contact us

International Liaison Partner: Zhuoqi Zhang

Email: zhuoqi_zhang@bdo-zhonghuan.com.cn

Telephone: +86-27-85426263

Fax: +86-27-85424329

Address: 16th-18th Fls Block B, Wuhan International Building, Dandong Rd, Liberation Ave, Wuhan

Post code: 430022

Website: www.bdo-zhonghuan.com.cn

Yatai Zhonghui Accountant Ltd.

accountingview — Mon, 30 Apr 2007 02:13:00 GMT

Yatai Zhonghui Accountant Ltd. is an organized, canonical accountant group, which was mergered by Yunnan Yatai Accountant Ltd., Guizhou Xinhua Accountant Ltd., and ( Beijing ) Zhonghui Accountant Ltd. Yatai Zhonghui Accountant Ltd. works based on the principles of impersonality, honesty, preciseness, and factualism as its norm and pursues a high quality professional accountancy and honors. As one of the fastest growing company, Yatai Zhonghui Accountant Ltd. expands its size and services every year, which leads to the improvement of its credit standing. According with the (1999) No.142 document that is authorized by the Ministry of Finance, it became one of the member firms of MI in November 1999.

• One of the most comprehensive accountant professional qualifications holders in China

Yatai Zhonghui Accountant Ltd. is not only provided with general legal qualification service pursuant to the Chartered Accountant Law of People's Republic of China, but also has special service qualifications as well as the international professional accountant qualifications that authorized by concerned departments from Beijing, Yunnan, Guizhou, and Hainan:

• Gained the qualifications issued by Ministry of Finance and China SRC, to perform as an auditor to listed companies.

• Gained the qualifications issued by the former Bureau of Land and Resources, to perform as an appraiser to listed companies.

• Gained the qualifications issued by the People's Bank of China and Ministry of Finance, to perform auditing services to bank related financial accounting industry.

• One of the 27 companies recommended by the Large-Scale Enterprises Commission, with the ability to audit large scale enterprises.

• Gained the qualifications issued by the former Bureau of Land and Resources, to perform full-scale appraisal.

• Gained the qualifications issued by Ministry of Finance, to perform auditing service to enterprises which are invested by foreign investors.

• Gained the qualifications issued by Ministry of Justice, to perform accounting appraisal service for legislative purposes.

• Gained the qualifications issued by the State Administration of Taxation, to perform as a taxation agency.

• Gained the qualifications issued by the Bureaus of Construction of Yunnan and Guizhou , to perform project costs advice services and auditing.

• Gained the qualifications issued by the State Education Agency, to perform as an accounting and finance training institute.

Contact Us

Add:3rd Floor,No.3 East Li Tiantan Nei Chongwen District Beijing China
P.C:100061
Tel:86-10-67012981 86-10-51347715
Fax:86-10-67012981
E-mail:ytzh_bj@ytzh.com.cn

Yunnan Office
Add:16rd Floor, Zhiyuan Building , No.389 Qingnian Road Kunming , China
P.C:650021
Tel:86- 871-3121288 86-871-3151535
Fax:86-871-3184386
E-mail:Ynytcpa@vip.163.com

Guizhou Office
Add:9rd Floor, Hongzi Building , NO.134 Ruijin South Road , Guiyang , China
P.C ： 550002
Tel ： 86-851-5802302 > 86-851-5802289
Fax ： 86-851-5802355
E-mail ： ytzh_gzh@ytzh.com.cn

Hainan Office
Add:918-978 Banshan Garden Haitiange, NO.1 Jinmao Middle Road ,Jaomao District, Haikou , China
P.C:570125
Tel:86-898-68529076 86-898-68527380
Fax:86-898-68529007
E-mail: ytzhhainan@163.com

Jiangsu Gongzheng CPAs

accountingview — Sun, 29 Apr 2007 05:06:00 GMT

Jiangsu Gongzheng Certified Public Accountants Co., Ltd.,which comes from the former Wuxi Certified Public Accountants Co., Changzhou Zhengda Certified Public Accountants Co., and Suzhou Tianchen Certified Public Accountants Co. has set up offices in Wuxi, Changzhou and Suzhou and Nanjing. It now boasts over 300 employees, among which 75% are Certified Public Accountants, Certified Public Valuators, Cost Engineers, Registered Tax Accountants, Real Estate Appraisers, Land Valuators, etc. Over 85% of the total employees are below 35 years old with universities and colleges education.

We conduct our job in accordance with the Code of ethics for Professional CPAs of China , providing satisfactory services to the best with our peculiar expertise in Securities, Futures, Finance & Banking Institution, limited companies, joint-ventures and other middle or large-sized State-Owned companies (the audit, Assets Valuation and consulting services). Our service covers the Jiangsu Province and other large and medium-sized cities all over China , having won the high reputation. According to the statistical data stipulated by CICPA , we are the top 10th of all the CPAs Firm of China ( the international big four also included) in 2003 with the total income as RMB68,330,000 and the rate of growth is 43.49% which compared with the past 2002.The total income of our firm reached as RMB73,000,000 in the year of 2004.

Address: NO.52 Wangzhuang Road,New Zone, Wuxi,Jiangsu Province , 214028P.R. of China
Fax 86-510-85210549
Tel 86-510-85210549
Email: mail@jsgzcpa.com
Post code: 214028

Wu xi office:
Address: No. 28 Liangxi Road , WuxiJiangsu Province , 214061P.R. of China
Fax: 86-510-85885275
Office number: 86-510-85888988、85888067、85809873
E-mail: wxfs@jsgzcpa.com
Post code: 214061

Chang zhou office:
Address： 5th Floor Hengli Building No. 1 Hua Long Lane Chang zhou , Jiangsu province 213003P. R. of China
Fax: 86-519-6605893
Office number: 86-519-6622612、6622484、6623821
E-mail: czfs@jsgzcpa.com
Post code: 213003

Su zhou office:
Address: 5th Floor Hongji BuildingNo.54 Xin Shi Road , SuzhouJiangsu province 215007P.R. of China
Fax: 86-512-65186030
Office number: 86-512-65260880
E-mail: szfs@jsgzcpa.com
Post code: 215007

Nanjing Office:
Address: 9001th Floor Longsheng Mansion No.23 Hong Wu Road , Nanjing Jiangsu province 210005
Fax: 86-25-86899602
Office number: 86-25-86899606
E-mail: njfs@jsgzcpa.com
Post code: 210005

Zhongtian Huazheng Group

accountingview — Sat, 28 Apr 2007 07:14:00 GMT

Zhongtian Huazheng Group

Zhongtian Huazheng Group consists of Zhongtian Huazheng Accountant Office, Guozhonglian Estate Appraisal Co., Zhongtian Huazheng Management Consulting Co., Zhongxin Construction Project Cost Consulting Co., Ltd. and Zhongshui Huatian Tax Accountant Office. As a big agency enterprise, the group runs the integrated business of auditing certification, estate appraisal, taxation agent, enterprise consulting, cost consulting, software development and sales and marketing. The group possesses the qualifications of securities, future-related businesses (auditing and appraisal), financial organization's auditing, big-sized state-owned enterprise's accounting report-form auditing, class-I project-cost auditing and foundational budget auditing. And the group is engaged in consulting, taxation agent and the related industries.

Till now, the group has set up several sub-branches in Shanghai , Shenzhen, Shenyang , Huhhot, Baotou , Fuzhou , Wuhan , Chongqing , Zhengzhou , Wulumiqi, with its service network all around the seven big cooperation regions in China so as to provide fast and efficient services for the customers. In Singapore 2004, the group set up the first overseas accounting office of PR China, the Zhongtian Huazheng International Accountant Office. In addition, the group merged another accounting office as its member which has a good credit standing in Hong Kong . Approved by HK Accountant Association, this office is formally renamed as HK Zhongtian Huazheng Accountant Office with an aim to open a service channel for domestic enterprises making money collection, development and commercial opportunities in the international market.

The group's staff features the professional background and the rich practice experience. The group has recruited over 600 professionals including registered accountants, registered estate appraisers, land appraisers, cost engineers, registered tax accountants and a team of professional management and consulting experts, as well as the specialists, technicians and network engineers in the fields of chemical, power, coal, textile, railway and road. the group has abundant experience in providing a variety of special services that are linked with the world and satisfy the domestic business standards in the areas of enterprises' annual auditing, estate appraisal, project cost consulting, company reform, stock listing, big sized enterprise's auditing, estate clearing and capital balance, bond issuing, examination, investigation and valuable management suggestion.

As the core of the group, Zhongtian Huazheng Accountant Office is one of domestic accounting companies with a history of over 20 years for a large scale of business. The office has been cooperated with the world famous Anbo Haoyong International Accounting Co. (which ranked 11 th globally in 2004) for years. Therefore, the office has imported the company's internationally advanced management system, certified system and standard, quality and risk system, etc. In this case, the office has developed its certified standard and management system in conformity with the Chinese status, so as to be sure to increasingly have training for staff, make sustainable development for the office and provide quality and efficient services for the customers.

During its development progress, Zhongtian Huazheng invests a lot of human powers in the researches of certified standards as well as the quality and risk control systems. Also it energetically keeps touch with the related governmental organs and certified regulation making departments, in order to present a lot of establishment suggestions and opinions for the making and modification of related certified standards and regulations.

We are responsible for helping the healthy development of customers, we pursue growing along with customers and we target creating values for customers. Depending on the high-quality staff and advanced management system, we have the solid guarantees on the growth with customers. We shoulder the responsibility, pursuit and target of seeking for development and success via the high professionalized service.

For several years, we give supports with our new and old customers each other in surfing the spring tides of latest economy. By means of faithful labors, we see and take part of the development of auditing in the Chinese society while creating the credit standing and brand of Zhongtian Huazheng. We are confident in prospecting the future. We are ready to cooperate with you to create the future depending on our professional abilities. And we will increasingly outdo the historical achievements with the principle and concept of creating values for customers.

Zhongtian Huazheng CPA CO.,LTD is a member of UHY,an international association of independent accounting and consultancyfirms,whose organising body is Urbach Hacker Young International Limited, a UK company.Each member of UHY is a separate and independent firm. The services described herein are provided by Zhongtian Huazheng CPA CO.,LTD and not by Urbach Hacker Young International Limited or any other member of UHY.Neither Urbach Hacker Young International Limited nor any member of UHY has liability for services provided by other members.

Contact Us

Add：3floor, Chan'an Mansion, Dongchangan St. Beijing,China

Tel：8610-6526.3616-22 ext. 313 or 315

Fax：8610-65130555

Postcode: 100006

Vocation International Group

accountingview — Sat, 28 Apr 2007 06:32:00 GMT

Vocation International Group

Vocation International Group, consisting of Vocation International Certified Public Accountant Co., Ltd (Vocation International)，TianZhi(Beijing) International engineering Project Management Co., Ltd (Tianzhi engineering) and Vocation（Beijing）International Asset Assessment Co., Ltd.（Vocation）

Vocation International Certified Public Accountant Co., Ltd

Vocation international was established in Beijing on Dec 23, 1988. It is in the group that was firstly double-qualified to engage in audit and assertion on stock and futures, and also qualified for the project construction cost consultation. It is also in the first batch to be qualified to engage in finance auditing by Treasury Department and the People’s Bank of China.

Vocation International has extensive service resources and public relationship. It has substation in Shanghai、Hunan、Shenzhen、Hongkong，and has agency in Harbin, Shenyang, Zhengzhou, Chengdu, Guiyang, Xi’an. There are 400 staff, 30 years old in average. Now Vocation has 245 Chinese CPAs, 80% of employees hold bachelor’s degree and above, 70% hold junior and senior technical titles. In addition, there are also several CPAs who hold AICPA, ACCA, CGA practicing qualifications.

After ten years development, based on clients’ support from different industries, extensive resources of public relationship, outstanding corporation culture and sincerity orientation, now Vocation has achieved three strides including standardization, collectivization and internationalization, and has become one of the large-scale accountings firm in China.

The income of 2004 is RMB 75 million Yuan and in 2005 the income is RMB 91.47 million Yuan. In 2005, Vocation ranks 11 in assessment of the Chinese Association of Certified Public Accountants.

Vocation (Hong Kong) Certified Public Accountant Co., Ltd

Vocation (Hong Kong) Certified Public Accountant Co., Ltd (Vocation Hong Kong) was found on 6th October 2006 in Hong Kong. It is incorporated from Paul Chan & Partners Certified Public Accountant Co., Ltd in Hong Kong by Vocation International Certified Public Accountant Co., Ltd. Vocation Hong Kong not only holds an industrial leading position, abundant professional experience and human resources in mainland China area, but also inherits a good reputation and business panel within the industry in Hong Kong and all around the world from Paul Chan & Partners Certified Public Accountant Co., Ltd.

Paul Chan & Partners Certified Public Accountant Co., Ltd was found by Mr. Chen, MaoBo, the former president of HKICPA in 1990. Now, it has more than 50 employees and has a wide network. In addition to the traditional audit and assurance services, it offers our clients expert advice to help them succeed and prosper. It is also experienced in setting up Mainland and offshore companies, strategy associating in mergers and acquisition, implementing special audit resulting in purchasing, trade and commercial services, IPO and auditing for listed companies.

As one of the accounting firms which have profound longevity in Mainland China, Vocation International has an intensive understanding for the industry of accounting service in the great China area. Under the objectives of “standardization, collectivize and internationalization”, it has taken the lead in striding forward from mainland to be internationally. As the forthgoer of Vocation International, Vocation Hong Kong will implement the international management standard persistently，renovate international professional knowledge, fulfill duty and responsibility, and apply itself to provide great services for CSOEs to be listed in HK stock market (H shares) and all other international corporations across industries.

TianZhi (Beijing) International engineering Project Management Co., Ltd

Established in Jul.4, 2005 and registered in Beijing, TianZhi engineering was found from the engineering audit and consulting department separated from Vocation International. Now it has consulting qualification on construction cost (class A) issued by the Ministry of Construction of People’s of Republic of China and bid agency (Class B) qualification.

TianZhi engineering now has 82 employees, thereinto, 34 are Construction Cost Engineers，most of employees have professional knowledge on construction、project design、construction enterprise management、real estate development，abundant working experience, familiar with regulations, and keep a close relationship with related departments. It is a group with professional knowledge for all levels of construction estimation and forecasting amount and related regulations, and has the experience and ability to implement construction audit, cost consulting services ranging from varies areas.

Vocation（Beijing）International Asset Assessment Co., Ltd.

Established in Aug.31 2006 and registered in Beijing, vocation was found from the asset assessment department separated from Vocation International. It has Stock assets assessment qualification issued by Ministry of Finance of People’s Republic of China and China's Securities Regulatory Commission and the Practice qualification on auditing stock, futures and the relevant business issued by Ministry of Finance of People’s of Republic of China and China's Securities Regulatory Commission. Meanwhile, it also has Land evaluation qualification issued by the Ministry of Land and Resources of People’s Republic of China.

Vocation hold the following practice qualifications:

Assets assessment qualification issued by Ministry of Finance of People’s Republic of China
Stock assets assessment qualification issued by Ministry of Finance of People’s Republic of China and China's Securities Regulatory Commission
Practice qualification on auditing stock, futures and the relevant business issued by Ministry of Finance of People’s of Republic of China and China's Securities Regulatory Commission
Practice qualification on auditing super-large-size state-owned enterprises issued by the Ministry of Finance of People’s Republic of China and National Audit Office of the People’s Republic of China
Consulting qualification on construction cost (class A) issued by the Ministry of Construction of People’s of Republic of China
Practice qualification on auditing finance and the relevant business issued by the Ministry of Finance and the People's Bank of China
Judicial assurance qualification confirmed by the People's Court of People’s Republic of China
Land evaluation qualification issued by the Ministry of Land and Resources of People’s Republic of China

Vocation Business Scope

Relying on many years’ operation experience and advantage of professional personnel, Vocation provides clients with diverse professional services such as auditing assurances, assets assessment, asset and capital verification, project cost auditing, management consulting, and so on. It has also obtained the supreme practice qualifications of the above business issued by state.
For over ten years, Vocation has already offered high-quality services for more than 1000 clients, and has accumulated abundant and precious operation experience, which has established a solid foundation for providing our clients with more value-added services.
By March 2005, in the auditing field, Vocation has offered annual auditing and other auditing services for 15 listed companies (A-shares), nearly 30 others that are going to be listed companies, and several dozens of state-run enterprises and groups affiliated to the Assets Committee and Working Committee of Finance of the State Council. In this way, we have accumulated abundant auditing experience.

1.Auditing Services

Auditing, capital verification, profit forecast auditing for corporation reorganization and for companies that are to be listed
Financial reports auditing for listed companies, enterprise, foreign-invested corporations, state-owned enterprises and others
Relevant auditing services for banks and non-banking financial organizations in China
Financial reports auditing for enterprise merger, division, and liquidation
Economy responsibilities auditing and enterprise's capital verification
Etc

2.Finance-related business

As one of the first batch accounting firms that are qualified to audit finance-related business, Vocation has experienced and professional personnel，and has already offered services such as capital verification, annual report auditing, asset and capital verification and so on, for more than 30 banks and non-bank financial organizations, insurance companies, security companies，futures companies and funds companies.

3.Assets assessment

Vocation is one of the first batch accounting firms that are qualified to engage in assessing securities-related business. Now it has 46 certified assets valuers. Based on the following purposes and economic behaviors, it has already completed 116 assets assessment business:
Corporation reorganization and Corporation reformation for listing
Corporation assets auction, transfer, mortgage and guarantee
Corporation annexation, selling, pooling, leasing or liquidation
Run Chinese-Foreign Joint Ventures, Chinese-Foreign cooperative enterprises

4.Service Scope of project cost auditing and consulting

Whole project cost consulting service, and the cost controlling at stages of construction items
Working-out, auditing on investment estimate for construction projects, and economic assessment for projects
Auditing budget, settlement, and final accounts for construction cost (general) of various investment projects
Preparation of minimum bid in the tendering document and tender offers; working-out basis of project cost and valuation, and other items related to project cost.
Appraisal on economic dispute of project, project change and adjustment of contract cost, calculation of claimed expenses

5.Management Consulting

Management consulting in Vocation concentrates on four respects, namely, strategic consulting of financial affairs, financial and accounting management consulting, investment and financing consulting.
The strategic consulting services of financial affairs mainly include enterprise’s financial strategic consulting, consulting on the enterprise financial risk diagnose and precaution, reorganization of business operation process, plans on ERP design and combination.
The financial and accounting management consulting services mainly include designing corporations’ accounting systems, financial system, financial monitoring system, overall budget management, cost control and down system.
Investment and financing consulting services mainly include counseling of corporation investment and financing, system-reformation, merge and recombination, project assessment, performance appraisal, asset and capital verification, and working-out commercial plans

6.tax consulting

The tax consulting services mainly include tax deputy, designing, long-term tax consulting, and consulting of tax policies

Contact Us

Headquarters of Vocation International Certified Public Accountants Co., Ltd
Office address: Room 208,Building B of Huatong Mansion, No.19, Chegongzhuang west Road Yi, Haidian District, Beijing, PRC Tel: (+86-10)88018766 Fax:(+86-10)88018737
Postcode: 100044
Website: Http://www.tzcpa.com

Shanghai Branch of Vocation International Certified Public Accountants Co., Ltd
Office address: Floor 21, Gang Wu Mansion, No.1, Fenghe Road, Pudong Xinqu,
Shanghai,PRC
Tel:（+86-21）584027018 Fax:（+86-21）58402702
Postcode: 200120

Hunan Branch of Vocation International Certified Public Accountants Co., Ltd
Office address: Stock Mansion, No.459, Railway Station North Road, Changsha, Hunan, PRC
Tel:(+86-731)2183800
Fax:(+86-731)2183808 Postcode: 410001

Shenzhen Branch of Vocation International Certified Public Accountants Co., Ltd
Office address: Floor 11, Zhuoyue Mansion, No.98, Fuhua Yi Road, Futian District, Shenzhen, PRC
Shenzhen
Tel: (+86-755)61330277
Fax: (+86-755)61330278
Postcode: 518033

Vocation (Beijing) International Projects Management Co., Ltd
Office address: Room 207,Building B of Huatong Mansion, No.19, Chegongzhuang west Road Yi, Haidian District, Beijing, PRC Tel: (+86-10)88018766 Fax:(+86-10)88018551

Vocation (HongKong) Certified Public Accountants Co., Ltd
Office address: Units 2205-6, Island Place Tower,Island Place, 510 King's Road,North Point, Hong Kong Tel: (852)21657887 Fax:(852)30098534

China Rightson CPAs

accountingview — Sat, 28 Apr 2007 05:42:00 GMT

China Rightson CPAs

China Rightson Certified Public Accountants (hereinafter referred to as CRCPA) was established by 3 large accounting firms which previously affiliated to the Ministry of Finance, State Taxation Bureau and the Ministry of Electricity. It is one of the largest accounting firms in China. It ranked 3rd among "the top 100 accounting firms in China,2003" sponsored by the Chinese Institute of Certified Public Accountants.

CRCPA has more than four hundred employees in the Beijing Headquarters. The Shanghai Branch has more than thirty employees. Salustro Zhongrui CPA, the Sino-French joint venture accounting firm, has more than eighty employees. CRCPA is providing assurance and auditing services, assets appraisal, tax agency as well as other services for more than 1000 clients, including 31 large-scale state-owned enterprises, five of which qualify top 10 in China.

CRCPA gained tremendous trust and respect in rendering service of auditing state-owned enterprises, listed company, assets appraisal, capital construction auditing, tax agency and management consulting.

Salustro zhongrui CPAs

Salustro zhongrui Certified Public Accountants is a Chinese-French cooperative public accounting firm, which was approved by the Ministry of Finance and Ministry of Foreign Trade and Economic Cooperation of the People's Republic of China and established on January 1,2000. Salustro Zhongrui is the first Chinese-foreign cooperative public accounting firm after our country's CPA profession completed the privatization process.

Salustro Zhongrui Certified Public Accountants is a joint-venture that was established by the Chinese firm CRCPA and the French firm Salustro Reydel. CRCPA is one of the biggest accounting firms in China, which possesses affluent experiences on auditing and evaluation related to securities an dfutures, tax agency services and capital construction auditing . 　　Salustro Reydel is one of the biggest accounting firms in France, which is in charge of auditing for 70 listed companies including French Telegraphy, VIVENDI and BNP, etc. Salustro Reydel is the main member of RSM that is presently the 8th biggest worldwide network in accounting and auditing .

Salustro Zhongrui Certiffied Public Accountants has a party of high-quality Chinese certified public accountants, registered tax agents and many seasoned professionals come form France and England, and they will offer the high-class services in accounting, auditing, tax agency and management consulting to all clients at home and abroad.

Supported by CRCPA and Salustro Reydel, Salustro zhongrui Certified public Accountants will enhance the business developing and gain all clients' trust with the high-quality services.

Business Scope

Auditing annual financial statements list company
Auditing for initial public offering(IPO), reviewing
profit forecast and verifying paid-in
Auditing for financial enterprise acquisition capital
Auditing for business merger, liquidation
Auditing for coercing into debt info capital equity
Auditing for leaving position
Checking assets and assessing capital
Due diligence
Verifying capital
Auditing for other special purposes

Main clients of assurance and auditing services

1. Listed Companies and IPOs We have 13 listed companies and 20 IPOs, like
　• The FAW Sihuan Co. Ltd.
　• Hunan Changfeng Automobil Co. Ltd.
　• North International Co. Ltd.
　• Tianchuang Property Co. Ltd.
　• Shanxi Zhangze Power Co. Ltd.
　• Beijing Dongliyuan Techniques Co. Ltd.

2. State Owned Enterprises
　• State Power Grid
　• China Huaneng Group Co.
　• China FAW Group Co.
　• China Telecom
　• Lenovo Holding Co. Ltd.
　• China National Offshore Oil Corp.

3. Foreign Invested Enterprises
　• FAW---VW Automotive Co. Ltd.
　• FAW---Mazda Automotive Co. Ltd.
　• ExxonMobil ( China) Investment Co. Ltd.
　• United Development Inc.
　• SNF (China) Flocculant Co. Ltd.
　• Guangdong Chia Tai Conti Ltd.

Contact Rightson

　Address: 8/F Block A ,Corporate Square, No. 35 Finance Street, Xicheng District, Beijing PRC
　Post code:100032
　Fax No.:88091199
　Web site: www.rightson.com.cn
　• Lily Li 　　　TEL: 88091188-826
　　　　　　　　E-mail: lily_li@rightson.com.cn
　• Mark Wilson　TEL: 88091188-815/88091640-101

the Office of Chief Accountant of the CSRC

accountingview — Mon, 23 Apr 2007 03:01:00 GMT

the mandate of the Department of Accounting of the China Securities Regulatory Commission (the CSRC)

To draft the administrative measures of the securities and futures industries and listed companies for the implementation of accounting and financial affairs in accordance with the uniform accounting and financial systems as stipulated by the State, and submit such measures to the Ministry of Finance for examination and approval before implementation; to examine the rules and regulations as drawn up by departments of the China Securities Regulatory Commission (the CSRC) in terms of accounting and financial affairs concerning securities and futures; to offer consulting services for issues of accounting and financial affairs as well as assets evaluation in the course of supervision; to examine the qualifications of accountants, asset evaluators and their firms for intermediary businesses of securities and futures, and supervise their business activities concerned; to supervise the implementation of the State accounting and financial provisions by securities and futures institutions according to regulations and carry out auditing for leaving positions inside such institutions; to uniformly coordinate the policies of securities and futures markets on charges and taxes; to draw up related rates of charges, rules and regulations for supervision fee, all of which shall not be put into practice until being examined and approved by the competent authorities responsible for collection under the State Council; to examine the financial budget and final accounts of organizations, dispatched agencies and bourses as well as their activities of income and expenditure.

The Division of Comprehensive:

Takes charge of the administrative and secretarial affairs inside the Department as well as the comprehensive coordination; draws up regulations of securities companies, futures brokering companies, securities investment funds and fund management companies, securities and futures exchanges on accounting, auditing, financial affairs and taxation; is responsible for other relevant affairs.

The Division of Accounting System:

Is responsible for drafting the administrative measures of securities and futures industries and listed companies for the implementation of accounting and financial affairs, examines the rules and regulations as drawn up by departments inside the CSRC in terms of accounting and financial affairs concerning securities and futures and offers consulting services for issues of accounting and financial affairs as well as assets evaluation in the course of supervision.

The Division of Accountant Supervision:

Bears the liability to supervise the accountants, asset evaluators and their firms that are engaged in securities and futures industries, and organizes the auditing on financial affairs and for leaving positions.

The Division of Financial Budget Management:

Be in charge of the organization and collection of fees for supervision conducted by the Department and its dispatched agencies, budget allocation and expenditure supervision of such fees, and is responsible for the coordination in taxation and charges as collected at the securities and futures markets.

The Division of Auditing:

Be in charge of the supervision over the financial affairs and the auditing for leaving positions inside the organizations of the CSRC, their dispatched agencies, institutions directly under them, securities and futures exchanges as well as securities registration and settlement companies.

the State Administration of Taxation

accountingview — Wed, 18 Apr 2007 06:15:00 GMT

the Mandate of the State Administration of Taxation

Draft tax laws and regulations; formulate detailed implementation rules for tax laws and regulations; put forward suggestions on tax policies, and together with the Ministry of Finance, review the suggestions and submit them to the State Council; formulate implementation rules for tax policies.

Participate in the research on macro economic policies and taxation power division between the central government and local governments and put forward suggestions in this regard; measure the overall tax burden and put forward suggestions on how to use tax for regulation purpose; formulate tax rules and procedures and supervise their implementation; provide guidance for local tax collection and administration.

Organize reforms of the tax administration system; supervise the implementation of tax laws, regulation and policies.

Organize collection and administration for central taxes, shared taxes and contributions to state-designated funds; work out long-term and annual revenue plans; provide interpretation for issues concerning tax collection and administration and general tax policy issues arising from the implementation of tax laws and regulations.

Conduct international exchange and cooperation on taxation; negotiate, initial and implement agreements on avoidance of double taxation.

Regulate imports and exports taxation and export refund work.

Be responsible for the administration of human resources, salary, size and expenditure of SAT local offices; appoint and supervise the work of Director Generals and Deputy Director Generals at the provincial level of SAT offices; advise on the appointment and removal of Director Generals of local tax bureaus at the provincial level.

Facilitate education and training for tax staff at all levels to build up their professional skills and ethical standards.Organize tax theoretical research and activities to promote tax awareness among the public; serve and regulate certified tax agents and tax agencies.

Other mandates entrusted by the State Council.

Notice: The English version of www.chinatax.gov.cn is under construction.

the Ministry of Commerce

accountingview — Wed, 18 Apr 2007 06:08:00 GMT

the Mandate of the Ministry of Commerce

1. To formulate development strategies, guidelines and policies of domestic and foreign trade and international economic cooperation, draft laws and regulations governing domestic and foreign trade, economic cooperation and foreign investment, devise implementation rules and regulations. To study and put forward proposals on harmonizing domestic legislations on trade and economic affairs as well as bringing Chinese economic and trade laws into conformity with multilateral and bilateral treaties and agreements.

2. To formulate development plans for domestic trade, study on and put forth proposals on reforming the commercial distribution system, foster and develop urban and rural markets, promote the restructuring of the commercial distribution sector and the improvement of such modern distribution modalities as chain store operation, modern logistics and e-commerce.

3. To research into and formulate policies for regulating the market operation and distribution order, breaking up market monopoly and regional blockage, to set up and improve an integrated, open, competitive and orderly market system. To monitor and analyze market activities and commodity supply and demand, organize the adjustment of market supply of main consumer goods and regulation of the distribution of major means of production.

4. To study on and work out measures for the regulation of import and export commodities and compile a catalogue thereof, organize the implementation of import and export quota plan, decide on quota quantity and issue licenses; to draft and implement import and export commodity quota tendering policies.

5. To formulate and execute policies concerning trade in technology, state import and export control, and policies encouraging the export of technology and complete set of equipment; to push forward the establishment of foreign trade standardization system; to supervise technology import, equipment import, export of domestic technologies subject to state export restriction and re-export of imported technologies, and to issue export licenses pertaining to nuclear non-proliferation.

6. To study on, put forth and implement multilateral and bilateral trade and economic cooperation policies, be responsible for multilateral and bilateral negotiations on trade and economic issues, coordinate domestic positions in negotiating with foreign parties, and to sign the relevant documents and monitor their implementation. To establish multilateral and bilateral intergovernmental liaison mechanisms for economic and trade affairs and organize the related work. To handle major issues in country-specific economic and trade relationships, regulate trade and economic activities with countries without diplomatic relationship with China. In line with the mandate, to handle the relationship with the World Trade Organization on behalf of the Chinese government, undertake such responsibilities under the framework of the WTO as multilateral and bilateral negotiations, trade policy reviews, dispute settlement, and notifications and inquires.

7. To steer the work of the commercial branches of China’s Permanent Mission to the WTO, to the UN and other relevant international organizations, as well as Chinese embassies in foreign countries. To keep in touch with the representative offices of multilateral and international economic and trade organizations in China and the commercial functions of foreign diplomatic missions in China.

8. To organize and coordinate the work pertaining to antidumping, countervailing, safeguard measures and other issues related to fair trade for import and export. To institute a fair trade early warning mechanism for import and export, and organize industry injury investigations. To guide and coordinate domestic efforts in responding to foreign antidumping, countervailing, and safeguard investigations and other issues concerned.

9. To give general guidance to nationwide efforts in foreign investment. To analyze and look into China's foreign investment developments and submit information concerning the developments and the corresponding proposals to the State Council on a regular basis. To draw up and enforce foreign investment policies and reform schemes, participate in the formulation of mid-term and long-term planning and development strategies for foreign investment utilization. To examine and approve, according to relevant laws, the establishment and changes thereafter of foreign-invested enterprises with foreign input exceeding the state fixed amount, or engaged in restricted business areas, or in businesses subject to quota and license administration. To verify the contracts and statutes of large-scale projects with foreign investment and their major subsequent changes particularly stipulated in relevant legislations. To supervise the enforcement of laws, regulations, contracts and statutes by foreign-invested enterprises. To guide and oversee nationwide efforts in attracting foreign investment and other business opportunities, as well as the establishment and trade performance of foreign-invested enterprises in China. Comprehensively guide and coordinate the specific work of state-level economic and technological development zones.

10. To be responsible for China's foreign economic cooperation efforts. To formulate and implement policies and regulations on foreign economic cooperation, guide and monitor the regulation of overseas contract projects, labor cooperation and designing and consulting businesses. To work out administrative measures and specific policies guiding China’s overseas investment. To approve Chinese companies to invest in and set up overseas establishments (excluding financial companies) and supervise their operation.

11. To be in charge of China's efforts in providing aid to foreign countries and regions. To formulate and implement China's foreign aid policies and plans, and sign the relevant agreements. To compile and execute annual foreign aid programs. To supervise and inspect the implementation of China's foreign aid projects. To manage China's foreign aid fund, concessional loans, special funds and other foreign aid funds of the Chinese government. To facilitate the reform on foreign aid provision modalities.

12. To formulate and implement economic and trade policies as well as mid-term and long-term trade planning for the Hong Kong Special Administrative Region (HK SAR), Macao Special Administrative Region (Macao SAR) and Taiwan region. To hold economic and trade talks with the competent authorities in charge of trade and economic affairs of HK SAR and Macao SAR as well as authorized non-governmental organizations of Taiwan and sign the relevant documents. To be in charge of the commercial and trade liaison mechanism between the mainland and the HK SAR and Macao SAR. To organize the direct trading activities with Taiwan, and to be responsible for bilateral and multilateral trade issues involving Taiwan.

13. To be responsible for the training, selection and management of Chinese professionals working in the Permanent Mission of the People's Republic of China To the World Trade Organization, the Economic and Commercial Counselor’s Offices of the Chinese Embassies and missions to other international organizations. To guide the work of the chambers of commerce for import and export and other relevant associations and societies.

14. To undertake other assignments entrusted by the State Council.