Directors of a company incorporated in Hong Kong must prepare financial statements for each financial year complying with the statutory requirements of the Hong Kong Companies Ordinance. The financial statements must be audited by a Hong Kong CPA (Practising). The audited financial statements together with the independent auditor’s report on the financial statements are required to be laid at AGM or sent to members within the prescribed period of time. For corporations, audited financial statements should be submitted with the profits tax returns on time, failing which estimated assessment and penalty proceedings will be issued.

We perform audit and assurance assignments in accordance with Hong Kong Standards on Auditing and other practice notes as well as the Code of Ethics for Professional Accountants issued by the Hong Kong Institute of Certified Public Accountants.

Our statutory audit and assurance service is aimed at different types of corporations and organisations which are subject to statutory compliance or are governed by the regulations of various professional bodies. We work with small and medium-sized enterprises and specialist sector clients such as solicitors, insurance brokers, incorporated owners, non-profit businesses and charities. We also provide audit services to businesses with overseas interests or subsidiaries or which have a non-HK parent company.

Our audit and assurance services include:

• Annual statutory audit
• Client money audit
• Review of financial statements
• Agreed-upon procedures
• Audit of approved funding project
• Sales revenue/Fee income certification

If you have any queries, please feel free to contact our audit team to find out more about how we can help you.