Accounting and Auditing

Auditing service includes financial statement audit, compliance audit, internal audit and operation audit. Accounting service includes bookkeeping service, accounting system set-up, review and compilation services for financial statements. The partners and professionals of Chen & Fan have extensive background and experience. The quality control group is ensuring all engagements are conducted in accordance with standards established by authorities. The services are provided with the needs of clients in mind in addition to the professional standards.

Taxation

Tax planning and tax return preparation are provided to clients with international and domestic operations. International tax planning is performed by tax professionals of Chen & Fan for multinational corporations in various countries. State of the art tax software is utilized to prepare tax returns for consolidated corporations, closely held corporations, personal service corporations, C corporations, S corporations, limited liability companies, general partnerships, limited partnerships and individuals in different geographic areas. Tax planning service also includes intercompany transfer pricing studies for multinational corporations doing business through subsidiaries in the United States.

For individuals, tax planning is provided in the areas of estate and gift tax in addition to income tax planning. Estate and gift tax planning has become more and more important because of higher estate and gift tax rate as well as the great amount of wealth accumulated by some clients.

The tax professionals of Chen & Fan represent clients before tax agencies for audits of various tax matters. Chen & Fan’s tax audit supporting service includes structuring audit strategy, documentation preparation and tax appeals.

Banking and Finance

Reflecting California’s significant role in national and international banking and finance, Chen & Fan works diligently to meet the growing needs of leading regional banks, international banks, savings and loan associations and other financial institutions. Service includes loan file documentation review, loan credit rating, EDP component control, compliance review, lender services and financial statement audit.

Management Consulting

The management consulting group of Chen & Fan is composed of cost accountants, financial analysts, computer and management consultants. Upon the needs of its clients, Chen & Fan provides service in accounting system consulting and set-up, business forecast, investment analysis, due diligence investigations, corporation formation and liquidation, merger and acquisition, and transfer pricing study.