Item

Qualification approval of temporary conduct of auditing in mainland China by overseas accounting firms

Applicants

Overseas accounting firms

Administrative Guidelines

1. Law of the PRC on Certified Public Accountants;

2. Tentative Provisions for the Temporary Conduct of Auditing in Mainland China by Overseas Accounting Firms

Conditions for application

1. Accounting firms registered and established in Hong Kong, Macao, Taiwan and foreign countries;

2. Overseas accounting firms to conduct temporary audits over business enterprises or other entities established in mainland China on behalf of overseas consignors.  

Documentations

1. Application Form for Overseas Accounting Firms to Conduct Temporary Audits in Mainland China (Annex 1)；

2. Photocopies of Certificate of Incorporation and Business License of overseas accounting firms;

3. Information sheet of overseas consignors and Chinese entities to be audited (Annex 2);

4. Information sheet of CPAs and other overseas staff to work in mainland China (Annex 3);

5. Photocopies of practicing certificate of CPAs and identity certificates of other overseas staff to work in mainland China; 

6. Photocopy of Letter of Consignment by overseas consignors; 

7. Photocopy of Letter of Confirmation by Chinese entities to accept the temporary audits of overseas accounting firms.

Procedures

1. Decision of approval or non-approval shall be made within 20 workdays after the application is accepted; whereas the situation is complex and the decision cannot be made within the said deadline, the deadline can be extended for no more than 10 workdays upon the approval of the person in charge of the application-accepting financial authority, and the applicant shall be informed of the extension.  

2. Whereas the decision of approval is made, the Permit for Temporary Conduct of Auditing by Overseas Accounting Firms shall be issued.

Deadlines

Decision of approval or non-approval shall be made within 20 workdays after the application is accepted; whereas the decision cannot be made within the said deadline, the deadline can be extended for no more than 10 workdays upon the approval of the person in charge of the application-accepting financial authority.  

Basis for Charging Fees

No

Standards for Charging Fees

No

Application-accepting Authority

Shanghai Municipal Finance Bureau

Recipient address

800 Zhaojiabang Road, Shanghai

Recipient time

Work days

Method of Contact

021-54679568*17112

Decision-making Authority

Shanghai Municipal Finance Bureau