Accounting & HK Audit services in Hong Kong made simple.
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What is Statutory Audit?
Statutory Audit is one type of compulsory auditing as mandated by Hong Kong’s Law and it is one of the on-going compliance requirements for Hong Kong companies. Every Hong Kong-incorporated company must appoint qualified and independent auditors to perform yearly statutory audits on their accounts.
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Who can perform the Audit?
The auditor must be a Certificated Public Accountant (“CPA”) qualified under the Professional Accountants Ordinance and must hold a Practicing Certificate issued by the Hong Kong Institutes of Certified Public Accountants (“HKICPA”).
Note: The HKICPA is the sole licensed entity that is able to register and certify public accountants in Hong Kong.
Process of Auditing.
- Draft the auditing plans
- Understand and make remarks/suggestions on the internal controlling system of the company,
- Assemble and record relevant information
- Compliance testing
- Substantive control
- Draft the auditing report and forward to the company (that has been audited)
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Paperless Accounting & Audit. Live reports at your fingertips!