一、 財務盡職調查

Financial Due Diligence Service

i. 簡介 Introduction

盡職調查又稱謹慎性調查，一般是指投資人在與目標企業達成初步合作意向后，經協商一致，投資人對目標企業一切與本次投資有關的事項進行現場調查、資料分析的一系列活動。其主要是在收購（投資）等資本運作活動時進行，但企業上市發行時，也會需要事先進行盡職調查，以初步了解是否具備上市的條件。

在整個盡職調查體系中，財務盡職調查主要是指由財務專業人員針對目標企業中與投資有關財務狀況的審閱、分析等調查內容。

財務盡職調查的重要性：

1、能充分揭示財務風險或危機；

2、分析企業盈利能力、現金流，預測企業未來前景；

3、了解資產負債、內部控制、經營管理的真實情況，是投資及整合方案設計、交易談判、投資決策不可或缺的基礎；

4、判斷投資是否符合戰略目標及投資原則。

Due diligence, also known as prudent investigation, generally refers to a series of activities in which the investor conducts on-site investigations and data analysis on all matters related to the investment by consensus, after reaching the preliminary cooperation intention with target enterprise. It is mainly carried out at the time of acquisition (investment) and other activities of capital operation. But at the time of IPO, due diligence is also required to preliminarily know whether the listed conditions are met.

The importance of due diligence:

1. Can fully reveal the financial risks or crisis;

2. Analysing corporate profitability, cash flow and predicting corporate future prospects;

3. Understanding the real condition of assets and liabilities, internal control and operational management, which is an indispensable basis of designing investment and integration scheme, negotiating transaction and making decisions of investment;

4. Determine whether the investment is in line with strategic objectives and investment principles.

ii. 服務內容 Services Content

1、會計主體基本情況

(1)取得營業執照、驗資報告、章程、組織架構圖

(2)了解會計主體全稱、成立時間、注冊資本、股東、投入資本的形式、性質、主營業務等

(3)了解目標企業歷史沿革

(4)對會計主體的詳細了解應包括目標企業本部以及所有具控制權的公司，并對關聯方作適當了解

(5)對目標企業的組織、分工及管理制度進行了解，對內部控制初步評價

2、財務組織

(1)財務組織結構（含具控制力的公司）

(2)財務管理模式（子公司財務負責人的任免、獎懲、子公司財務報告體制）

(3)財務人員結構（年齡、職稱、學歷）

(4)會計電算化程度、企業管理系統的應用情況

3、薪酬政策

(1)薪資的計算方法，特別關注變動工資的計算依據和方法

(2)繳納社保的政策及情況

(3)福利政策

4、會計政策

(1)目標企業現行會計政策

(2)近3年會計政策的重大變化

(3)與我們的差異，以及可能造成的影響（量化）

(4)現行會計報表的合并原則及范圍

(5)接受外部審計的的政策，及近3年會計師事務所名單

(6)近3年審計報告的披露

5、稅費政策

(1)現行稅費種類、稅費率、計算基數、收繳部門

(2)稅收優惠政策

(3)稅收減免/負擔

(4)關聯交易的稅收政策

(5)集團公司中管理費、資金占用費的稅收政策

(6)稅收匯算清繳情況

(7)并購后稅費政策的變化情況

6、公司經營情況

(1) 審核最近2年或3年的經審計財務報表或/及臨時報表。

(2) 檢查公司的訂單和銷售渠道，以便做出更好(更準確)的預測。

(3) 審查與供應商/客戶的現有合同。

(4) 可能或正在進行的稅務訴訟。

(5) 審查對未來業績的預測，通常是目標預測。

(6) 或有負債檢查。

1.Basic information of accounting entity

1) Obtaining business license, report of capital verification, articles of association and organization chart;

2) Understanding the full name, the time of establishment, the registered capital, the shareholders, the form of invested capital, the nature and the main business of the accounting entity;

3) Understanding the historical development of target enterprise;

4) Detailed understanding of the accounting entity shall include the target enterprise and all subsidiaries it controls, as well as appropriate information of related parties;

5) Understanding the organization, division of labor and management system of target enterprise. And making a preliminarily evaluation of the internal control.

2.Accounting organization

1) Organizational structure of accounting (including companies with control );

2) Management mode of accounting (appointment and removal, rewards and punishments of the subsidiaries’ CFOs, and financial reporting system of the subsidiaries);

3) Structure of accounting personnel (age, title and education degree);

4) The degree of accounting computerization and the application of enterprise management system.

3.Compensation policies

1) Calculation method of salary, with special attention on calculation basis and method of variable salary;

2) The policy and condition of social security payment.

4.Accounting policies

1) Current accounting policies of target enterprise;

2) Significant changes in accounting policies over the past three years;

3) Differences with us and possible influences (quantified);

4) Current principles and scope of current financial statements;

5) The policy of accepting external audit and the list of accounting firms that have worked with over recent three years;

6) The disclosure of audit reports in recent three years.

5. Tax policies

1) Current types of taxes, tax rates, calculation base and departments that are in charge of collecting;

2) Tax incentives policies;

3) Tax relief/burden;

4) Tax policy of related transactions;

5) Tax policy of management fee and capital occupation fee in the group company;

6) Tax payment and settlement;

7) Changes in tax policies after mergers & acquisitions.