Audit and Assurance

For the sake of understanding the operation of the enterprise, the accounts prepared by the management are to understand the financial situation of the company. It is always served as an indicator for operational decision-making purposes and business investment decisions.

Statutory audit

• A limited company established in Hong Kong must appoint a certified public accountant to audit the annual accounts in accordance with the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), and refer to it at the annual general meeting of shareholders.
• The Inland Revenue Department also regularly issues profit tax returns to companies and requires companies to attach audited financial statements for tax assessment procedures.

Non-statutory audit (Special audit)

• The bank will require the company to submit audit reports and financial statements as a benchmark for the company’s financial situation when conducting regular customer checks or when approving loans.

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