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Chinese Audit Practice
MaloneBailey, LLP, founded in 1982 and with offices in New York and Houston, is a full service accounting firm delivering small and middle-market public and private company audit and tax services.
MaloneBailey specializes in audits of small public companies trading on United States stock exchanges. As a result, we audit more small SEC-reporting companies than any other firm in the world. Our clients are currently in 25 states (USA) and 8 countries. MaloneBailey ranks in the top 10 firms serving this market in both China and Canada.
Registered with the Public Company Accounting Oversight Board (PCAOB), MaloneBailey offers peace of mind for Chinese companies going public in the US market. We assist privately-owned Chinese companies and entrepreneurs in the process of going public via an initial public offering (IPO) or reverse merger.
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.
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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.
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Annual interim reviews and audit work for Chinese companies listed on the US stock exchanges.
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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. |
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| MaloneBailey clients in the Chinese marketplace cover various industries and include (but are not limited to):
NIVS IntelliMedia Technology Group, Inc. (capital raised: $30M)
AnHui Province Runji Cement Co., Inc.
Shenzhen YuePengCheng Motor Co., Ltd (capital raised: $35M)
Hubei Tongji Benda Ebei Pharmaceuticals Co., Ltd.
China Intelligent Electronic Company Limited
Qingdao Hongguan Shoes Co., Ltd.
Xi’An TV Media Co., Ltd.
Specialized auditing teams consist of a Chinese audit partner, experienced American auditors, and Chinese auditors for Chinese clients. George Qin, Audit Partner, leads the Chinese Audit Practice and is supported by managers and seniors, all of whom are fluent in Mandarin and spend several months of the year in China serving the needs of our clients.
We collaborate with firms in Beijing, Shanghai, Guangzhou, and Hong Kong to provide additional service convenience for our clients upon their request. As a member of Nexia International, one of the largest global networks of accounting firms, we offer in-depth knowledge of local regulations, customs, and culture to our clients abroad.
For additional information about our service offering, please contact George Qin at gqin@malonebailey.com or by phone 713.343.4267. |
| George is an Audit Partner and leads our Chinese Audit Practice, offering his clients the confidence and security in knowing their compliance and accounting needs are aptly met. Born and raised in China and fluent in both Mandarin and English, George previously worked for two Big 4 accounting firms in the US, PricewaterhouseCoopers, LLP and Deloitte & Touche, LLP.
George earned his bachelor’s degree in Business Administration from Tianjin University in Tianjin, China and his Master of Business Administration (MBA) 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.
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