Public Company Audit Services (China)

MaloneBailey LLP, Audit Services China

Wesley Middleton, Jaddy Wang and George Qin

MaloneBailey, LLP, with offices in New York, Houston and Shenzhen, is a global, mid-market public accounting firm that is a market leader in the delivery of SEC audit services to small and mid-cap publicly traded clients, with over 130 registrants. MaloneBailey is a market leader in serving SEC clients in China and ranks in the top firms in terms of quantity of SEC clients in China.

MaloneBailey, along with the Big Four and other national accounting firms, is in exclusive company as one of only ten firms in the world that requires an annual inspection by the Public Company Accounting Oversight Board (PCAOB); all other firms are inspected every three years. The Sarbanes-Oxley Act requires the PCAOB to conduct annual inspections for firms that regularly provide audit reports for more than 100 issuers.

 

 

Public Company Accounting Oversight Board (PCAOB) Annually Inspected Firms – 2011

BDO USA, LLP
Crowe Horwath, LLP
Deloitte & Touche, LLP
Ernst & Young, LLP
Grant Thornton, LLP
KPMG, LLP
MaloneBailey, LLP
McGladrey & Pullen, LLP
ParenteBeard, LLC
PricewaterhouseCoopers, LLP
 

Our clients understand the importance of selecting advisors who understand the complex issues and intricacies of entering foreign business environments. Our team has the experience and in-depth knowledge of US Generally Accepted Accounting Principles (GAAP) and SEC rules to offer effective solutions and guidance for our clients.

We possess the cultural, language, and technical expertise to ensure our Chinese clients experience the advantages of going public as it relates to increased valuation, access to US capital markets, acquisitions, stock options & incentives, etc. with reduced cost and risk. Our service offering to Chinese companies includes:

  • Initial consulting services to plan for going public so that accounting documentation, issues, planning, and timing are not surprises and the necessary talent is available on both sides.
  • Initial audit for Chinese companies going public in the US to become listed on the NASDAQ, New York Stock Exchange, or over-the-counter bulletin boards via an IPO or reverse merger, the most common and least costly method.
  • Annual interim reviews and audit work for Chinese companies listed on the US stock exchanges.
  • Ongoing general accounting consulting services for Chinese companies using SEC and US GAAP expertise.
  • Tax compliance and consulting services to assist with unique foreign income tax reporting to the Internal Revenue Service and the state of incorporation. Failure to file certain returns can result in significant financial penalties for the Chinese operating company.

George Qin, CPA, CMA, MBA is an Audit Partner and leads the SEC Audit Practice in China at MaloneBailey, LLP. Mr. Qin is an expert in leading privately-owned Chinese companies and entrepreneurs who are either in the process of going public or who have gone public in the United States via an initial public offering (IPO) or reverse-merger.

George’s team possess the requisite skills in terms of language, technical, and cultural expertise to manage the intricacies of conducting audits in China.

Born and raised in China and fluent in both Mandarin and English, George previously worked for two Big Four accounting firms in the United States, PricewaterhouseCoopers LLP and Deloitte & Touche LLP. Mr. Qin’s SEC reporting expertise includes Forms 10-K, Super 8-K, 10-Q, S-1, S-3, and S-4 filings.

George also has proficiency guiding clients through their initial implementation of SOX, preparing consolidated financial statements, and leading clients through mergers and acquisitions, master limited partnership formations, and initial public offerings.

George earned his Bachelor of Science degree in Business Administration from Tianjing University in Tianjin, China and his Master of Business Administration degree from Stephen F. Austin State University in Nacogdoches, Texas. He is a member of the American Institute of Certified Public Accountants and the Institute of Management Accountants.

For additional information about our service offering, please contact George Qin at gqin@malonebailey.com or by phone 713.343.4267.