Head office requirement · on-site control testing
When head office asks for an internal audit of the China entity, the useful answer is not a generic controls questionnaire. It is a test of the specific cycles where money moves: procurement, inventory, cash, and anything involving a related party.
Timing
Most clients run this annually or on head office request. The re-test at the end is the part that makes the findings stick.
We agree which cycles are in scope and what your control framework requires of each one.
Control testing, sample testing and interviews, with evidence retained for each finding.
Findings issued with severity and owners, then re-tested after the agreed remediation period.
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
Scope, methodology, findings and severity, written for your group internal audit function.
Every finding with its evidence, an owner, a remediation action and a target date.
Where the current control design does not meet what your framework requires.
Findings ranked by likelihood and impact, so remediation effort goes where it matters.
A follow-up schedule, and a re-test once the agreed date has passed.
For focused investigations, a report written to a standard that can be used if the matter escalates.
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. Send us the methodology or the control matrix and we will scope the work to it, including using your severity definitions and reporting format.
Yes, and we recommend it. A finding that is never re-tested tends to reappear. The re-test is quoted as part of the engagement, not added later.
Yes. Focused investigations are scoped separately and the evidence is preserved carefully, because these matters often end up in front of lawyers or the police.
Yes. We can also present findings to your local management in Chinese while keeping the written report in English for head office.
The statutory audit is about whether the financial statements are fairly stated. Internal audit is about whether your controls work. They are different questions and we keep them separate.
Send us your control framework or just the cycles you are worried about. You will get a written scope and a fixed fee within one business day.