What does the audit of Hong Kong companies mean?

The meaning of audit in Hong Kong: the digital verification of company accounting accounts, that is, the audit of domestic companies. The audit of Hong Kong companies means that Hong Kong certified public accountants examine and approve the financial accounts of a company in Hong Kong for one year or more, and make responsible explanations to Hong Kong government departments in the form of relevant documents and reports.

A scheme in tax declaration

After the establishment of Hong Kong companies 18 months, the Hong Kong Inland Revenue Department will issue a tax bill, and each company will choose a scheme to file tax returns according to its own operating conditions. The general scheme is divided into zero tax declaration and audit.

You can select the audit number in the following cases:

Rent an office and recruit employees in Hong Kong.

The account is opened in Hong Kong and has business income.

Having business dealings with companies or individuals in Hong Kong, and the accounts reflect payment income or contracts.

Goods entering and leaving Hong Kong ports and other forms.

The process of audit:

Provide scanned copies of all bank statements of Hong Kong companies.

Sign an audit agreement

Provide original bank statement, original bank voucher, original contract, etc.

After confirming that the information is complete, the accountant arranges the documents, issues financial statements, submits them to the directors for confirmation, and issues audit reports.