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With businesses continuously affected by the COVID-19 pandemic and other economic headwinds, financial health and compliance has become more important than ever. More attention should thus be given to the audit and compliance procedures to review unexpected regularities or suboptimal business practices, discover eligibility for tax incentives that had not previously been captured, as well as maximize efficiency within the organization.

To support foreign companies in China to deal with the hectic new year start and meet the various compliance deadlines scattered throughout the year, our Senior Audit Manager Jess Feng provided guidance through the annual audit and compliance process, and tips to enable you to gain the most out of it.