1. According to the Hong Kong Companies Ordinance, every Hong Kong company is required to issue an auditor's report as required.
2. Hong Kong banks need the company to provide annual audit reports, and banks will send letters directly asking account users to update information.
3. Under the implementation of CRS, a financial account tax-related automatic exchange system, if a Hong Kong company has an audit report locally, it will be regarded as a local enterprise, and an enterprise that fails to provide an audit report will be submitted to the local country as an overseas operation.
4. The audit report can be submitted to the shareholders of the company to let them know about the company's operation. It is the foundation of enterprise financing and listing, and it is also a solid foundation for domestic investment.
5. Any Hong Kong company that has been operating for one year and is profitable needs to provide an accountant's audit report when it is cancelled.
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