英文审计报告模板

1、AUDITORS REPORTABC-SH(2006)AR NO.2001The Board of Directors of XXX:We have audited the accompanying balance sheets of XXX as of December 31, 2005, and the related statements of income from January to December ,2005.Theses financial statements are the responsibility of the company s management. Our r

2、esponsibility is to express an opinion on these financial statements based on our audits.We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements

3、are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and discloses in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall

4、financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.In our opinion, the financial statements refereed to above present fairly, in all material respects, the financial position of XXXXX as of December 31 , 2005 and the results of its operations from

5、 January to December in conformity with the China Accounting Standard for Business Enterprises and the China Accounting System for Business Enterprises.We noticed that the company has applied for liquidation.It is in the process of liquidation.ABC CPAsCertified Public AccountantsRegistered in the Pe

6、oples republic of ChinaShanghai, officeJanuary 10, 2006II.Notes to Financial Statements for the Year Ended December 31,2005I. General informationXXXXX is invested by XXXXXX. It s establishment was approved by the Peoples Government of Shanghai on October 23,2004 and awarded business license by the C

7、ommercial and Administrative Bureau of Shanghai on January 27,2005.Business license number:319499.Registered capital is USD200000. Business term is 20 years.Registered Address:Third floor, department A,number 213 ,TaiguRoad,Waigaoqiao free trade zone,Shanghai.Legal representative is TAN CHO KANG .Bu

8、siness scope:processing the automatic equipment, fabrication, selling the product. providing the revelant technological consulting services, storing(automatic equipment and their parts),distribution of business and after sales services,exhibition of some relevant product,technological trainning,inte

9、rnational trade,trade of transition,trade with the companies of the free trade zone,trade agency,agency for the companies who have the operating rights to import and export and the trade with the companies of none-free trade area,basic commercial processing and business commercial consulting service

10、s.Approved by the broad meeting ， the company applied for liquidation on November 1,2005.It is in the procedure of liquidation now.II. Summary of Significant Accounting Policies and Estimates1. Basis of Financial Statement PreparationThe financial statements have been prepared in accordance with the

11、 China Accounting Standards for Business Enterprises, the China Accounting System for Business Enterprises and other related regulations.2. Fiscal YearThe Company adopts the calendar year as its fiscal year, from January 1 to December 31.3. Basis of AccountingThe Company adopts the accrual basis for

12、 its accounting treatments. The financial statements have been prepared on the historical cost basis of accounting.4. Reporting CurrencyThe Renminbi (RMB) is the reporting currency of the company. Transactions recorded in foreign currencies are converted into RMB at the mid of market exchange rate a

13、t the transaction date. The foreign currency balances of each foreign currency account are converted into RMB at the end of market exchange rate of the balance sheet date. The difference between the amount translated at the closing rate and the carrying amount should be treated as exchange gain or l

14、oss in the current period.5. Recognition of Cash equivalentsThe cash equivalents refer to an asset characterized by its short term, easy transformation to cash and low risk in value change. The cash and cash equivalents of our company including: cash,cash in banks, other cash and short-term investme

15、nt for less than three months.6. Fixed assets, DepreciationFixed assets are assets with a useful life over one year, held for use in the production of goods or supply of services, for rental to others, or for administrative purposes, or there values are high are also included as fixed assets.Fixed a

16、ssets are recorded at the historical cost on acquisition. The Company applies a straight-line depreciation method. The estimated residual value is 10% on the cost. The useful lives and annual depreciation rate of each category of fixed assets are stated as following:ItemUseful lifeAnnual depreciatio

17、n(Year)rate (%)furniture518%Management tools518%Mechanical tools518%7. Recognition of revenueRevenue from the sale of goods should be recognized when all the following conditions have been satisfied:1) the Company has transferred to the buyer the significant risks and rewards of ownership of the goo

18、ds;2) the Company retains neither continuing managerial involvement to the degree usually associated with ownership or effective control over the goods sold;3) it is probable that the economic benefits associated with the transaction will flow to the Company;4) the relevant amount of revenue and cos

19、ts can be measured reliably.8. Taxation1) value added taxwe are recognized as general taxpayer by revenue authorized institution. Tax rate is 17%。2) income tax of enterpriseOur company registered in the Waigaoqiao Free Trade Zone Pudong New Area.The tax rate is 15%.Measurement of the income tax is e

20、xpense is according to the payable method.The calculation of assessable income and income tax is according to the relevant tax laws3) personal income taxThe calculation of the employees s income tax is according to the Chinese taxationlaws.The compa ny will represe nt the employees to pay the in com

21、e tax4) other taxCalculated and recog nize accord ing to the revela nt regulati ons of the taxati on lawsIII. Notes to the Financial StatementsNote 1: Mon etary funds2005.12.3150.00584.532.20584.582.20On December, 31, 2005, bala nee of mon etary fun ds is RMB 5845822 Details are as follows:ItemCash

22、on handCash in bankTotal (rmb)Other cash in bank in cluded as follow ing :2005.12.31curre nevAmountExcha nge rateRMBRMB190,083.75190,083.75USD48,877.168.0702394,448.45Totle584 532 20Note.2: Fixed assets and Accumulated depreciati onitemsBeg. Bal. Additio nalsDisposalsEnd Balfurniture-91,964.0091,964.00-Man ageme ntools-115,851.00115,851.00-Mecha ni cal tools-43,735.004