Audit
According to the Companies Ordinance,
the annual financial statements of a limited company incorporated
in Hong Kong is required to be audited by a qualified accountant
with a practicing certificate issued by the Hong Kong Institute
of Certified Public Accountants (“HKICPA?. Our work follows
the Hong Kong Accounting Standards and Auditing Standards
as required by the HKICPA and is under the governance of the
institute’s ethical standards which emphasizes on the independency
of the reporting accountants and the confidentiality of clients?
information.
We perform our audit engagement
with reference to the auditing standards issued by the HKICPA
but at the same will assess the business nature and the special
situation of each client in order to formulate and carry out
the risk-based approach for an efficient audit.
One of the statutory
requirements under the Inland Revenue Ordinance states that
a limited company incorporated in Hong Kong has to submit
its profits tax return together with the audited financial
statements. Apart from the annual statutory audit, a special
audit with audited financial statements of the companies to
be performed by auditors is required in one of the following
situations in order to protect the interests of shareholders:
- Investigation on management misconduct;
- Sale of business(es) and related valuation;
- Merger & acquisition or listing;
and
- Reporting on operation efficiency &
management performance, etc.
We provide a free-of-charge
preliminary consultancy and assessment. Quotation will be
given after preliminary assessment on the company’s situation
and the scope of services required.
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