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AFA AUDIT AND APPRAISAL COMPANY, LTD.
AUDIT AND REVIEW OF FINACIAL STATEMENTS
AUDIT OF FINALIZATION OF CONSTRUCTION CAPITAL
ACCOUNTING SERVICE
TAX CONSULTING SERVICES
YEAR- END CORPORATE INCOME TAX FINALIZATION RETURN REVIEW SERVICES
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SERVICE
AUDIT OF FINALIZATION OF CONSTRUCTION CAPITAL

As you may know, construction is a very complex operation which often takes place during long time with a great value. Management must comply with the current regulations of the State Investment Management for Construction. Meanwhile, there are many regulations guidingof it and they have changed constantly. This has caused difficulties in updating and applying the latest regulations and createdmore risks for business, management in compliance with the regulations of the State.

The purpose of the audit is to express opinions on the fairly and reasonable finalization of construction capital reports, as a reliable basis for the State management agencies which have competence to evaluate and approve finalization of construction capital reports. Besides, it is also the basis of payment, timely and properlyfinalization in comparison with actual quantity.

Services Introduction

For your ease to consider and choose to use the service, we would like to outline the scope of finalization of construction capital audit service, including the following:

·        Examining and evaluating the legal aspect of investment and operation of construction in comply with current regulations;

·        Examining the total capital of construction, annual capital distribution during construction period, total incurred capital for construction and annual incurred capital;

·        Examining accounted value of each item and total construction content;

·        Examining accounted value of material and equipment;

·        Examining accounted value of other expenses and the distribution of these expenses to each construction item;

·        Examining construction accounted report;

In the process of auditing, we will:

·        Consult the Project Management Board to accomplish necessary accounting documents;

·        Execute problem solving consultancy in the changing condition of policies;

·        Execute consultancy to point out the shortages in the administration to avoid loss in investment;

·        Consult the Project Management Board to prepare a report of completed construction under instructions of Ministry of Finance.

Service Benefits

·        Ensure the confidentiality to information presented in the finalization of construction capital reports;

·        Audited reports, documents shall facilitate the investor in completion of formalities and ratification of the settlement of investment capital, the final value of a construction before it is put into use; 

·        Data in the finalization of construction capital audited is a reliable source in the selection of investment partners, mortgage and assignment as well as the basis for depreciation of the work when it is put into use.

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