Grant Thornton Insight Autumn 2004

•	PRC Bankruptcy Law ─ from the practitioner's perspective Prior to 1998, few, if any PRC business entities were officially in financial difficulty. This all changed when the Guangdong Provincial government announced that Guangdong International Trust and Investment Corporation was insolvent and placed into bankruptcy proceedings.	Alan Tang, Partner and Head of Restructuring, Investigation and Insolvency Division, can be contacted on issues regarding PRC Bankruptcy Law - from the practitioner's perspective.
•	Inland Revenue (Amendment) Ordinance 2004 The Amendment Ordinance is one of the most controversial amendments to the Inland Revenue Ordinance ("IRO"), which took almost four years to complete the consultation and legislative procedures.
•	The new audit risk auditing standards and their implications Recently the Hong Kong Institute of CPA's released three new Audit Risk Statements of Auditing Standards (SAS) as part of its International Standards Convergence Programme.
•	Family conflict Conflict can often be a catalyst for change. An essential factor in maintaining healthy relationships to avoid conflict is based on open and honest communication.
•	Making the marriage work ─ managing the integration process The post-transaction integration process is a critical component of an acquisition's success...
	More to know... PCAOB registration Grant Thornton in China

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