What are the auditing work of clearing creditor's rights and debts?

The audit work of clearing creditor's rights and debts includes: compiling balance sheet and property list; Make a clean-up plan; Discuss and adopt the clean-up plan; Pay off and sort out all creditor's rights and debts as planned; And do a good job in cleaning up reports and reporting to relevant authorities.

legal ground

Article 185 of the Company Law of People's Republic of China (PRC)

The liquidation group shall notify creditors within 10 days from the date of its establishment and make an announcement in a newspaper within 60 days.

Article 186

After clearing up the company's property, preparing the balance sheet and property list, the liquidation group shall formulate the liquidation plan and report it to the shareholders' meeting, shareholders' meeting or the people's court for confirmation. After paying the liquidation expenses, employees' wages, social insurance expenses and statutory compensation, paying the taxes owed and paying off the company's debts, the company's property shall be distributed according to the proportion of capital contribution of shareholders of a limited liability company and the proportion of shares of shareholders of a joint stock limited company.

Article 188

After the liquidation of the company, the liquidation group shall prepare a liquidation report, submit it to the shareholders' meeting, the shareholders' meeting or the people's court for confirmation, and submit it to the company registration authority to apply for cancellation of company registration and announce the termination of the company.