Every year, a Hong Kong company must audit their accounts by a Certified Public Accountant (CPA) and file the audited accounts together with tax return to the Inland Revenue Department (IRD). This is called statutory audit.
An independent CPA should be hired, which should be separate from the CPA or external bookkeeping firm who has been hired for ding the bookkeeping or management accounts to ensure the audit report is an independent and professional report.
The mandatory auditing includes the following procedures:
- Assess the size of the audit
- Determine the audit opinion
- Review all financial statements
- Ensure compliance with all the Inland Revenue Department and HK Compliance Ordinance
- Identify potential accounting errors and reporting mistakes
- Sign off the audit document
Dealing with auditors can be rather challenging because it does require patience and bookkeeping knowledge on the part of those being audited. Our Company will arrange the audit for your company. We will handle all enquiries that are being raised during the audit process provide supporting documents. We also manage the time to ensure the audited financial report will be submitted on time before the deadline of filing taxes lapses.
Alternatively, if you already have a CPA, we can give you business advice on how to improve the financial performance of your business.
Non-Statutory Audit & Review Services
Different business settings and opportunities may require special audit services not included in the statutory audit. We can accommodate our clients’ unique needs to perform the following services among others:
- Due diligent reports
- Fraud investigation & forensic accounting
- Internal controls and operations review
- Review for merger & acquisition
Contact us for a free consultation on the required services that you would like to engage and we will provide you our professional assistance to implement the necessary course of actions.