Audit arrangement
Reliable Financial Information for Confident Business Decisions
We provide professional, independent and practical statutory audit assistance services for companies in Hong Kong. Our services help ensure that your financial statements accurately reflect your business operations and comply with applicable legal and accounting requirements.
An audit is more than simply checking figures. It is an important process for understanding your company’s financial position, identifying potential risks and strengthening internal controls. Through a systematic audit approach, we help management and shareholders gain a clearer understanding of the company’s financial performance and operations.
Our Audit Assistance Services
Assists annual statutory audits for Hong Kong limited companies
Assists audits conducted in accordance with the Hong Kong Companies Ordinance and relevant requirements
Assists preparation and audit of financial statements under Hong Kong Financial Reporting Standards (HKFRS) or the applicable financial reporting framework for private entities
Assists audit of key financial statement items, including assets, liabilities, income, expenses and shareholders’ equity
Assists assessment of internal controls and operational risks relevant to financial reporting
Assistance with organising accounting records and audit supporting documents
Assists provision of audited financial statements and related information for Profits Tax filing
Why Is an Annual Audit Important?
Under the Hong Kong Companies Ordinance, Hong Kong companies are generally required to have their financial statements audited for each financial year, except in circumstances where a company has been formally registered as dormant. Companies that qualify for simplified financial reporting requirements will generally still need to comply with the applicable audit requirements.
When filing a Profits Tax Return, a Hong Kong company will generally need to submit its audited financial statements and auditor’s report together with the return. The actual requirements may vary depending on the company’s legal and tax circumstances.
Timely completion of an audit can help your business to:
Fulfil statutory and tax compliance responsibilities
Identify issues in accounting records or internal controls at an early stage
Strengthen the confidence of banks, investors and business partners in your financial information
Provide management with a more reliable basis for financial and operational analysis
Reduce the risks associated with late tax filing, incomplete information or inconsistent accounting records
Arrange an Audit Consultation
Whether you require an annual audit, a first-time audit or assistance with previously outstanding financial statements, we can first understand your company’s circumstances and then recommend an appropriate audit arrangement and document checklist.
Contact us today to arrange an initial consultation.
Tel: (852) 2970 4500
Email: info@accsbs.com
WhatsApp: (852) 6012 4647