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Financial Consultation

Audit 

Audit

According to the Companies Ordinance, the annual accounting report of a limited company established in Hong Kong must be subject to statutory audit by a certified public accountant holding a practising certificate. The accountant must have professional qualifications and be recognized by the relevant legislation. Our work is in accordance with the accounting and auditing standards established by the Hong Kong Institute of Certified Public Accountants, and is regulated by the Institute's Code of Professional Conduct, with special emphasis on the independence of auditors and the confidentiality of client information.

Our auditing work should comply with the auditing guidelines of the Hong Kong Institute of Certified Public Accountants, but also follow the customer's business characteristics and special requirements and take a risk-oriented approach to achieve efficient auditing work.

Atatutory audit

On the premise of following the principle of independence, audit team provides statutory audit reports that comply with auditing standards, and issues audit opinions on the authenticity, fairness and consistency of accounting methods of the company's financial statements and accounting records. . If necessary, we can provide management proposals, report major problems to the client's management, put forward improvement plans and reference suggestions on how to improve the level of governance.

In addition, according to one of the requirements of the Hong Kong Inland Revenue Ordinance, a limited company that is successfully registered in Hong Kong must submit its profits tax return together with the financial statements signed and audited by an accountant. In addition, according to the Hong Kong Companies Ordinance, a limited company should prepare audited financial statements and submit them to the company's overview at the annual general meeting. Therefore, newly incorporated limited companies must prepare their first audited financial statements within 18 months from the date of incorporation.

Special purpose audit

In addition to the annual statutory audit, the shareholders of some clients may also require the auditor to conduct an appropriate audit of the financial statements to protect their interests in the following situations:

  1. Mismanagement investigations

  2. Business sales and related valuations

  3. Merger or listing

  4. Operational efficiency and management performance evaluation

If you are interested in learning more information, please contact us through the following methods:

1. Call/Whatsapp (852) 5195 9478

2. Email info@jamescpleungcpa.com

© 2021  by James C.P. Leung & Co. 

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