The audit of annual financial statements refers to the process where certified public accountants (CPAs) are legally engaged to conduct necessary audits on the audited entity's annual financial statements in accordance with the requirements of independent auditing standards. They obtain sufficient and appropriate audit evidence and express an audit opinion on the financial statements.
Materials that the audited entity should provide during the annual financial statement audit:
1. Copies of the company’s establishment contracts, agreements, and bylaws (including approval documents);
2. Copies of the company’s business license, tax registration certificate, basic account card, loan certificate, and relevant internal management systems (including financial management systems);
3. Significant resolutions from the board of directors and shareholders' meetings, as well as financing activities that occurred during the audit period.