What is a Hong Kong company audit

The normal operation of Hong Kong companies requires essential procedures such as annual audits, accounting audits, and tax reporting; However, annual audits and audits are different. Annual audits begin on the first anniversary of the company's establishment. Companies that do not operate in Hong Kong can do zero tax reporting, while Hong Kong companies that operate must conduct accounting audits and file taxes. Hong Kong companies generally need to start accounting and tax reporting after 18 months of establishment, and can choose zero declaration or accounting audit based on the company's business situation.

What is auditing?

After meeting the conditions for the company to operate in Hong Kong, professional accountants will account for the company's documents, various income and expenses, and auditors will provide formal audit reports. The Hong Kong audit report includes six major sections: balance sheet, income statement, tax statement, tax representative responsibilities, accountant opinions, and a description of the entire report.