About audit report hong kong

About audit report hong kong

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‘The Audit Commission is like an exterior auditor with a lot of the functions of an internal auditor, however the auditing topics are federal government departments and the general public sector,’ Lam explains.

The auditor can also convey that belief to the attention of the company associates in a general Conference. 

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Given that the deadline for many companies to arrange audited financial statements strategies, we provide an summary of Hong Kong’s requirement for annually statutory audits and PTR submitting. We also give some primary guidelines for companies to maintain healthy bookkeeping and audit methods.

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Companies really should prepare all of the financial paperwork for audit at least a couple of months prior to the deadline on the PTR submitting—ideally early June for companies which has a financial calendar year-close of December 31 and early September for companies whose financial 12 months-conclusion is March 31. 

Renewal of the company is as critical as its First registration and occurs annually within the company’s anniversary date. Renewal obligations are connected with the fulfillment with the requirements of your Companies Ordinance adopted in Hong Kong and Enterprise Registration Ordinance (Cap. 310). 

Ethical rules underpin the do the job of the why not find out more commission, along with a substantial standard of workmanship, factors out Lam. ‘We copyright independence and professionalism, and give auditing services of good quality to the government and the public sector,’ he says.

These services entail conducting an unbiased evaluation of the company’s financial statements to make sure These are correct and adjust to applicable accounting standards.

The Audit Commission presents independent, Expert and excellent audit services to aid the Government and community sector organisations increase general public sector performance and accountability.

Not critically analyzing whether or not the confirming events had been those who returned the confirmations by e-mail or fax