Audit and Assurance
Audited Financial Statements for Hong Kong Limited Companies
Legal Requirement
Under Section 122 of the Companies Ordinance (Cap. 622) of the Laws of Hong Kong, the annual financial statements of a Hong Kong limited company must be audited by Hong Kong Certified Public Accountants (Practising).
Tax Compliance
The Hong Kong Inland Revenue Department mandates that Hong Kong limited companies submit a profits tax return accompanied by audited financial statements for tax assessment purposes within a specified timeframe.
Purpose of the Audit Report
Tax Assessment: Facilitates accurate tax evaluation by the Inland Revenue Department.
Bank Financing: Supports applications for loans and other financial assistance from banks.
Government Grants and Allowances: Assists in securing grants and subsidies from government bodies.
Shareholder Protection: Safeguards shareholders' interests by ensuring financial transparency.
Comprehensive Audit Approach
Our audit report goes beyond evaluating financial information. It considers operational risks faced by businesses and delivers tailored business performance evaluations to relevant stakeholders, based on detailed analysis of financial statements and accounting records.
Service Scope
Our Services Include:
Annual statutory audit
School audit
Special audit (e.g. ORSO, Turnover rent, etc)
Government Funding Scheme