What does the special audit specifically include?

Special audit refers to the audit and inspection of specific matters by auditors. Usually, special audits include outgoing audit, liquidation audit, reorganization audit, judicial expertise audit, property transfer audit, loan audit and immigration audit. Specific instructions are as follows:

(1) outgoing audit. Departure audit refers to the audit, verification and overall evaluation of the legal representative's performance of economic responsibilities during his tenure, and is an effective method to assess the performance of the person in charge during his tenure and clearly divide the economic responsibilities before and after his tenure.

(2) liquidation audit. Liquidation audit refers to auditing the liquidation of creditor's rights and debts, the realization of assets, the gains, losses, expenses and the distribution of net assets when the enterprise is terminated for various reasons, so as to confirm whether the liquidation enterprise conducts various liquidation activities legally, openly and fairly, and issue legal and fair audit opinions on the liquidation results.

(3) Restructuring audit. Restructuring audit refers to the change of ownership nature of enterprises owned by the whole people or collectively owned enterprises, which is usually an audit that needs to be carried out by limited liability companies established according to the company law in the process of change. It includes initial investment audit, property loss audit and financial status audit. The audit report can be provided to the Finance Bureau, the Industrial and Commercial Bureau, the superior unit of the enterprise and other relevant departments.

(4) Judicial expertise audit. Refers to the court, procuratorate, public security organ or litigant's entrustment to conduct a special audit on the facts, formation process, causes and results of litigation economic matters. Usually, we implement special audit procedures for this kind of audit, and the results have legal effect.

(5) property transfer audit. The property right transfer audit is a special audit on whether the physical assets invested by shareholders in the company have been handed over to the company, whether they have been registered and accounted for, and whether the relevant property right transfer procedures have been handled. The audit report is usually a necessary document provided to the industrial and commercial bureau for registration.

(6) loan audit. As a special audit, the loan audit is provided to the bank to examine whether the enterprise has the loan conditions and purposes required by the bank. In the audit report, we will not only express audit opinions on the accounting statements, but also express opinions on the operation and management, financial status and loan use of the enterprise. It is an indispensable basis for banks to avoid loan risks and enterprises to show their operating conditions.

(7) Immigration review. Immigration audit is a special audit provided to the embassy to reflect the operating results of enterprises owned by immigrant applicants. It usually includes financial statements and analysis of financial indicators. At the same time, English reports translated by professionals are provided.

Ruihua Certified Public Accountants has a professional team of certified public accountants. They are familiar with various industries and international accounting standards in China and have advanced auditing software systems, which can provide various statutory auditing and certification services for various enterprises, including large state-owned enterprises, foreign enterprises and private enterprises.