THE GOALS
Audit for general compliance requirement: quantity, form, content of original document system, accounting books and reports
Review the business’s activities under every transaction. Set up the relations between the transactions legally and optimal. Complete lawful documents for every transaction, optimize tax and compulsory insurances payable amounts, remove the existing risks and prevention any further risks may happen.
Setting up the business records system according to local regulations requirements: List of folders for the Office license – employees profile – Labor declaration and Social insurance – Payroll and personal income tax – Cashbook & Petty cash – Invoices vouchers of expenditures… Compliance standardizations of each folder.
“Verify internally the tax and compulsory insurances amounts and collate the balance figures with the tax department for any difference and solution
- Review the submitted tax – labor reports according to the required compliances;
- Review tax and employment records including employee profiles, payroll, tax and compulsory insurances payable amounts;
- Request official balance status from the tax department and labor department.
- Collate the balances of tax with the tax and labor department for any difference and solutions;
- Identify any tax compliance risks and verify correction solutions;
Prepare a management letter to board of directors for the risks and correction suggestions”
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