Common Errors in Accounting, Tax, Forex Management of FIEs in China Common Errors in Accounting, Tax, Forex Management of FIEs in China December 22, 2020 Posted by China Briefing Reading Time: 7 minutes By Amber Liu, Dezan Shira & Associates’ Shenzhen Office For foreign-invested enterprises (FIEs) operating in China, it is not rare to see that a host of problematic issues get disclosed in the year-end audit. Accounting, tax treatment, and foreign exchange management are among the most mistake-prone areas for such entities. In this article, we list out some of the most common errors observed in FIEs, to help companies optimize their internal finance processes, get the most out of their annual audit, and why it is necessary to secure advice from qualified service providers.