For head office · group consolidation
Your China entity reports under PRC GAAP. Your group reports under IFRS. Between those two sits a reconciliation somebody has to prepare, explain and defend — usually to a group auditor who does not read Chinese and does not accept “that is the local rule” as an answer. We prepare the adjusted accounts and the reconciliation, in English, and we talk to your group auditor directly.
Timing
Conversion is planned backwards from your group reporting deadline, not from the China filing date.
Agree the differences that will need adjusting, so the books are kept in a way that makes the conversion cheap.
The reconciliation is prepared alongside the statutory audit rather than after it, so nothing is reconciled twice.
The pack delivered in your format, ready to consolidate, with the audit evidence behind each adjustment.
Scope of services
Written out in detail on purpose. If you are comparing firms, this is the list to put side by side with theirs.
Deliverables
Trial balance, financial statements and disclosures, in the format and chart of accounts your consolidation needs.
Line by line, from PRC GAAP to your reporting basis, with every adjustment evidenced.
The entries themselves, ready to post, with the reasoning attached to each.
English memo covering the policies applied and the judgements made.
The working papers behind each adjustment, so your group auditor does not have to ask twice.
Available for your half-year or quarterly close, not just the year end.
Also worth knowing
The audit this work builds on. Doing both together is materially cheaper than doing them separately.
The tax side of the same year end, due 31 May.
If you are acquiring rather than operating, and need the China numbers verified first.
Indicative fee
Put in your revenue or total assets and tick what you need. The number that comes out is the fixed fee we quote — on the published fee scale, not a figure invented per enquiry.
Enter your revenue or total assets above and the price appears here.
Fee bands
The standard fee comes off the published progressive scale (Yue Jia [2011] No.308); the band is set by your annual revenue or your total assets, whichever is larger. Our fee is the standard fee after the firm discount, with the English and Chinese bilingual reports and the filing included.
| Revenue or total assets | Standard fee | Our fee |
|---|
Standard service. Expedited service, two working days instead of five, adds 30%. Above RMB 1bn, or where the affairs are unusually complex, we quote in writing. Indicative only — the written quote governs.
Process
Entity type, what has been requested, and when it is due. One email is enough to start.
We come back within one business day with a written scope, a fixed fee and dates.
One document request list. We work from it, and visit site only where the work genuinely needs it.
Signed output in English or bilingual, plus support through whatever filing follows.
Fees
Fixed, in writing, before fieldwork starts. The drivers below are the ones that actually move the number — we tell you which of them apply to you in the first reply, not after you have signed.
FAQ
Yes, and it is the part clients tell us saves them the most time. We answer their questions in English and send the working papers, rather than routing everything through you.
No. It is prepared alongside the statutory audit, using the same fieldwork. That is why it costs a fraction of the audit rather than the same again.
The same approach applies. Tell us the basis and we work to it.
We provide the reconciliation and supporting evidence. Whether your group auditor needs anything signed depends on their own procedures, and we will comply with whatever they ask.
Prepared alongside the audit, it adds a few days rather than weeks. Done after the fact, from closed books it was never designed around, it takes considerably longer.
Tell us the reporting basis and the group deadline. You will get a written scope, a fixed fee and a delivery date within one business day.