Chen & Fan Accountancy Employee Reviews for Anonymous Employee

"Chen&Fan Accounting Corporation, San Jose, CA Staff Accountants, 09-2017 – Now • External Auditing Practice: o Proactively contributed to 25 audit and 15 review engagements with satisfactory performance evaluation by all managers and partners. o Utilized knowledge of GAAP and GAAS to conduct analytical procedure and test of details for public and private companies on Account Receivable, AR sales discount and return allowance, AR doubtful account reserve, inventory, inventory valuation provision, investment, Account Payable, accrued liabilities, income tax, equity, revenue, cost of goods sold, and payroll expenses, etc. o Actively engaged in financial audit for IPO preparation in both US and European markets: ? performing enquiry and walk-throughs to understand financial reporting systems, ? conducting testing on lease accounting, accrued liabilities, related party transactions, stock option and warrant, and income tax, ? completing financial statement translation and consolidation, drafting consolidated financial statement and footnotes for 10-K, ? researching difference on income tax and share-based payment between US GAAP and IFRS to adjust financial statement. o Effectively communicated with clients for requests and questions, and kept managers, clients and team members on the same page o Performed as the deputy in-charge of 5 review and audit engagements by arranging job assignment, leading junior team members during fieldwork and physical inventory observations, responding to clients and delivering prepared working paper to managers. • Tax Practice: o Prepared income tax returns for individuals, partnerships, S-corporations, Form 571-L, and FinCEN Form 114a o Prepared income tax provision and federal and state income tax returns (as many as 24 states) for private and public companies o Prepared individual tax return for expatriate employees and Tax Equalization Calculation for international companies"

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