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Subject: All shareholders of Qingdao Senior Translation & Consultation Co., Ltd
Excerpt: English text from the archived bilingual edition · Chinese edition
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All shareholders of Qingdao Senior Translation & Consultation Co., Ltd
We have audited the accompanying financial statements of Qingdao Senior Translation & Consultation Co., Ltd. , including the balance sheet on December 31, 2015, the profit statement in 2015, statement of changes in stockholders’ equity, cash flow statement and note to financial statement
To compile and report the financial statements fairly is the responsibility of senior’s management. This responsibility includes: (1) compiling the financial statements in accordance with the regulations of Small Enterprise Accounting System, and making it reflect fairly; (2) designing, implementing and maintaining internal control that are free from material misstatement, whether due to fraud or error
Our responsibility is to express our audit conclusion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing for Certified Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements
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