Audit Services
Annual Audit in Hong Kong
Companies operating in Hong Kong are required to have their financial statements audited annually, as per Hong Kong’s company regulations. These audits must be conducted by independent auditors registered with the Hong Kong Institute of Certified Public Accountants (HKICPA). The audit requirement applies to private limited companies, public companies, and foreign companies operating in Hong Kong.
As a one-stop service provider, ATA Outsourcing Hong Kong, with its team of experienced auditors, is pleased to offer comprehensive audit services tailored to your company’s needs.
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Public Companies
Public companies listed on the Hong Kong Stock Exchange (HKEX) are subject to more stringent audit and financial reporting requirements. These companies must comply with Hong Kong Financial Reporting Standards (HKFRS) and have their financial statements audited annually by qualified independent auditors.
Foreign Companies Operating in Hong Kong
Foreign companies operating in Hong Kong may also be subject to statutory audit requirements, depending on their corporate structure and business activities. The specific audit obligations vary, making it essential for foreign entities to seek professional advice to ensure compliance with Hong Kong’s local regulations.
Annual Audit Deadline
Audited financial statements must be submitted annually to the Hong Kong Companies Registry, typically within 42 days after the company’s Annual General Meeting (AGM) or as specified by the company’s financial year-end. Non-compliance can result in penalties for late submission.
Required documents for an annual audit:
The minimum required documents to start working on your company audit are:
- Complete records of income and expenses for the financial year.
- Bank statements for the financial year.
- Lease agreements, if applicable.
- Financial statements for the previous year’s audit.
- Company stamp and statutory records, including the Articles of Association.
- Tax filings, including Profits Tax Returns (PTR) and Employer’s Return (IR56B/IR56F).
- Inventory records, if applicable.
- Title deeds or asset ownership documents, if applicable.
Please Note:
All of those documents will be provided by our company in case we’ve already provided the accounting service for your company.
When the audit has been completed:
Once the audit is completed, our auditor will provide a copy of the audited financial statements for review and signature by your company’s director(s).
If the Inland Revenue Department (IRD) identifies additional tax liabilities, we will notify you and assist in addressing the matter.
Any necessary shareholder notifications, meeting minutes, and statutory filings with the Companies Registry must be completed within the required timeline following the audit’s finalization.
Audit Services We Provide:
Statutory Audit
Tax Audit
Internal Audit:
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