Hwuason develop and conduct the property damage appraisal business strictly according to the Chinese tax laws and related regulations, guidelines of practices and the ethical requirements. In determining the nature, time and scope of evidence collection, we assess the business risk and the availability of evidences in their quantity and quality in light of the principle of importance, to provide reasonable assurance on the matters entrusted to us; with professional skepticism, we conduct the necessary audit procedures based on the related documents and materials, to examine the classification of assets in accordance with the auditing standards of the actual transaction, and propose appropriate recommendations based on the enterprise value and fair consideration; based on appropriate evidences, we make the adjustments with the right procedures timely and draw the right conclusions on records; and finally, issue a complete, reliable, neutral and reasonable verification report, to make a reasonable and objective verification evaluation.
Contents of the verification report:
- loss of monetary assets audits
- non-monetary assets loss audits
- loss of intangible assets audits
- loss of investment assets audit
- other loss assets audit
- loss of bad debts review of financial enterprises
verification report models
- title: verification matter + verification report
- contact person: usually refers to the verification business entrusted of
- introductory paragraph: shows the principal and the agent’s responsibility, issues that have been conducted on the verification audit commissioned and the principles and basis of such review
- the verification process:
- property damages and business income tax deductions related to internal control and its effectiveness
- internal evidence and external evidence related to the property damage and business income tax deductions and their relevance and reliability
- review, validation, calculation and professional conclusions on qualified evidences, the amounts of money involved and other facts provided by Commission Unit and other statutory agencies
- verification conclusion or verification opinion
- non reserved opinion verification report
- reserved opinion verification report
- non-opinion verification report
- negative opinion verification report