Audit & Assurance
Independent, objective assurance services for Hong Kong businesses that enhance the reliability of financial information.
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Service snapshot
What this service covers
A quick view of the main support included.
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Our audit services independently examine financial statements and relevant evidence under the applicable reporting and assurance framework. Scope, responsibilities and reporting are confirmed in the engagement letter.
- Statutory Audit
- Comprehensive audit of financial statements to comply with Hong Kong Companies Ordinance requirements.
- Internal Audit
- Independent assessment of internal controls and risk management processes.
- Special Purpose Audit
- Tailored audit services for specific regulatory or contractual requirements.
Next step
Our experienced audit team provides reliable assurance services that enhance the credibility of your financial information. Contact us today to discuss your audit requirements.
Our Audit & Assurance Services
Statutory Audit
Comprehensive statutory audit services including:
- Financial statement audits
- Compliance with Hong Kong accounting standards
- Audit reports for regulatory submissions
Internal Audit
Comprehensive internal audit services:
- Internal control assessments
- Risk assessment and management
- Process improvement recommendations
Special Purpose Audit
Tailored audit services for specific needs:
- Due diligence reviews
- Grant and funding audits
- Agreed-upon procedures
Benefits of Our Audit Services
Our professional audit services provide numerous advantages for your business:
Enhanced Credibility
Audited financial statements increase trust among investors, lenders, and other stakeholders.
Regulatory Compliance
Meet statutory requirements and ensure adherence to legal and regulatory frameworks.
Business Insights
Gain valuable insights into financial performance and identify areas for improvement.
How an Audit Engagement Works
The audit timetable is agreed after the scope, reporting framework, deadlines and readiness of the accounting records are understood.
Acceptance and Scope
Confirm the entity, purpose, financial period, reporting framework, responsibilities, deadlines and engagement terms.
Planning and Information Request
Understand the business and controls, assess risks and issue a tailored list of records, schedules and confirmations.
Fieldwork and Resolution
Test selected transactions and balances, obtain relevant evidence and resolve questions or proposed adjustments with management.
Completion and Reporting
Complete final review and required representations, then issue the agreed report and related communications when outstanding matters are cleared.
Documents Commonly Required
- Draft financial statements, trial balance and general ledger
- Bank statements, reconciliations and confirmations
- Sales, purchases, expenses and supporting invoices
- Payroll, MPF, tax and employee records
- Contracts, leases, loans and fixed-asset schedules
- Inventory, receivable and payable schedules
- Board minutes, ownership records and prior audit information
Audit Frequently Asked Questions
Common questions about statutory context, deliverables, timing and assurance limitations.
Does every Hong Kong company require an audit?
Hong Kong companies are generally subject to annual financial statement and auditor-report requirements under the Companies Ordinance, but exemptions may apply, including for a company that has valid dormant status. The position should be confirmed from the company's facts and status.
What does a statutory audit deliver?
For a statutory engagement, the principal deliverables are the audited financial statements and auditor's report. Other communications or schedules depend on the agreed scope and matters identified during the work.
How long does an audit take?
There is no fixed turnaround time. Timing depends on record readiness, entity size and complexity, confirmations, evidence gaps, proposed adjustments and how quickly management answers questions.
Does an audit guarantee that every error or fraud will be found?
No. An audit is designed to obtain reasonable, not absolute, assurance and does not guarantee detection of every error or fraud. Management remains responsible for the financial statements, records and internal controls.
Official Resources
Check the latest official guidance relevant to this service before making filing, compliance, application or planning decisions.
Related Services
Clients often combine this service with the following support areas, depending on their reporting, tax, or growth requirements.
Accounting
Professional bookkeeping and financial statement preparation
Learn More: AccountingCorporate Tax
Hong Kong profits tax filing, offshore claims, advance rulings, FSIE and complex corporate tax support.
Learn More: Corporate TaxTax Planning
Strategic tax planning and optimization
Learn More: Tax PlanningNeed Professional Audit Services?
Our experienced audit team provides reliable assurance services that enhance the credibility of your financial information. Contact us today to discuss your audit requirements.
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