With businesses operating in a growing volatile, unexpected, complex, and ambiguous (VUCA) world, financial health and compliance has become more important than ever. More attention should thus be given to the audit and compliance procedures to reveal unexpected irregularities or suboptimal business practices, discover eligibility for tax incentives that had not previously been captured, as well as maximize efficiency within the organization. In this Guide to Accounting and Audit in China 2026, we walk foreign businesses through the annual audit and compliance process from start to finish.
