audit firm in hong kong No Further a Mystery

audit firm in hong kong No Further a Mystery

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Automi is an entire service professional accounting and consulting firm that gives accounting, auditing, tax and business enterprise advisory services.

Timely and correct submission of the PTR, together with the required financial statements and audit report, is essential for keeping compliance with Hong Kong’s tax regulations and avoiding penalties. 

Failure to assemble all relevant documentation or proof in the ultimate audit file referred to over the AFRC's inspections

Enable’s say a real estate property business enterprise wants help with tax preparing and financial reporting. When the business enterprise hires an accounting firm that specializes in Health care, it is probably not suitable.

Hong Kong has a comparatively minimal tax amount in comparison to other jurisdictions, but there are still a lot of options for businesses to enhance their tax posture.

Companies must hold accounting records that are ample to indicate and reveal the company’s transactions and disclose the company’s financial situation and effectiveness with realistic precision.

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This webpage would not encompass all regions connected to an audit engagement or financial reporting requirements. Auditors need to ensure their Expert things to do are carried out in accordance with applicable standards and requirements.

Companies must put together many of the financial documents for audit at the very least several months ahead of the deadline on the PTR submitting—preferably early June for companies having a financial yr-conclude of December 31 and early September for companies whose financial calendar year-conclusion is March 31. 

This consists of companies which can be qualified for certain reporting exemptions and simplified reporting treatments but excludes dormant companies. The audits have to be performed in accordance Along with the disclosure requirements in the CO.

PKF Hong Kong was to start with recognized in 1968 and all through the past 50 years, click for more info has grown hand-in-hand While using the emergence of Hong Kong as a worldwide financial services powerhouse. We are now a 6-partnered accounting firm with above 100 Qualified and supporting employees operating two places of work Positioned respectively in Hong Kong and Shenzhen, China.

Failure to comply with regulatory requirements may end up in fines, legal effects, and reputational pitfalls. Companies may be excluded from the Sign up of Companies, issue to tax audits and legal proceedings, and drop the have faith in of associates, banks and purchasers. Check with a question

A2. The annual return of the general public company or even a assurance company is required to get submitted together with certified real copies of the audited financial statements in forty two times after the company’s return date.

Set up risk assessment procedure, policies and methods based upon the HKICPA Excellent Administration Manual with only limited modifications; didn't thoroughly establish all the standard pitfalls certain to their firms or were not able to clarify why particular top quality dangers were suitable to them And just how their guidelines and methods could handle All those hazards