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Persenal Statement The CHANGYUAN GROUP LTD’s share price fluctuated abnormally for a few days; one of its executives was arrested for cheating, following the widespread concern and investigations from the Shenzhen Stock Exchange. My accounting firm was consequently appointed to give a special auditing report about its three-year financial conditions in given time; and my audit team was trusted to take over this case. When I scanned one of its important subsidiaries’ financial statements, an extremely abnormal signs aroused my alerts that the subsidiary was quite profitable, but with considerately low cash flow. My professional experiences told that there must be something exceptional. In my auditing team, I was assigned to implement sales and receivable analysis, review sale contracts and bank statements, check inventories as well as send clients confirmation requests. As the subsidiary’s cheating scandals were unveiled in public, the listed company’s managers were shocked, the share price was limit down, and hundreds of thousands of investors suffered a heavy loss. Following was the regulators’ severe punishment. Realized that such thing is not uncommon in financial market, I decided to further graduate studies to offer me insight into risk management in order to recognize and avoid a diversity of risks in financial world. The aspiration thrives in my four-year working experiences as an assistant auditor in a large accounting firm in Shanghai. Throughout the four-year period, I have experienced and practised so much. For example, I engaged in an IPO project listed in Shanghai Stock Exchange since 2017, in which I made quantitative analysis on interest rate risks and exchange rate risks; in annual financial auditing of a listed company, I was responsible for analyzing its sale and receivable and assets value; and in a due diligence case, I dug into its affiliated parties and customers’ credit condition to avoid possible receivable risks. This year, I am going to lead an auditing team independently. The rich working experiences have developed me a deep knowledge of the mechanism of financial marketing, the financial management processes in various industries and how to analyze financial data. Moreover, not only my working experiences has honed communication skills, but also improved financial expertise and efficient teamwork through working in a team.
November 3, 2019
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Personal Statement The CHANGYUAN GROUP LTD’s share price fluctuated abnormally for a few days; one of its executives was arrested for cheating, following the widespread concern and investigations from the Shenzhen Stock Exchange. My accounting firm was consequently appointed to give a special auditing report about its three-year financial conditions in given time; and my audit team was trusted to take over this case. When I scanned one of its important subsidiaries’ financial statements, an extremely abnormal signs aroused my alerts that the subsidiary was quite profitable, but with considerately low cash flow. My professional experiences told that there must be something exceptional. In my auditing team, I was assigned to implement sales and receivable analysis, review sale contracts and bank statements, check inventories as well as send clients confirmation requests. As the subsidiary’s cheating scandals were unveiled in public, the listed company’s managers were shocked, the share price was limit down, and hundreds of thousands of investors suffered a heavy loss. Following was the regulators’ severe punishment. Realized that such thing is not uncommon in financial market, I decided to further graduate studies to offer me insight into risk management in order to recognize and avoid a diversity of risks in financial world. The aspiration thrives in my four-year working experiences as an assistant auditor in a large accounting firm in Shanghai. Throughout the four-year period, I have experienced and practised so much. For example, I engaged in an IPO project listed in Shanghai Stock Exchange since 2017, in which I made quantitative analysis on interest rate risks and exchange rate risks; in annual financial auditing of a listed company, I was responsible for analyzing its sale and receivable and assets value; and in a due diligence case, I dug into its affiliated parties and customers’ credit condition to avoid possible receivable risks. This year, I am going to lead an auditing team independently. The rich working experiences have developed me a deep knowledge of the mechanism of financial marketing, the financial management processes in various industries and how to analyze financial data. Moreover, not only my working experiences has honed communication skills, but also improved financial expertise and efficient teamwork through working in a team.
November 3, 2019
0
0