Hong Kong Companies Ordinance requires auditing.
Every Hong Kong company must issue an audit report as required. The audit report is issued by an internationally recognized certified public accountant, and the government will inspect the company according to the report during the annual review and when the company is declared closed. In addition, the annual audit report can also enhance the credibility of Hong Kong companies in the government.
2. Asset trust.
Make a credit report on assets and operations to the society and specific departments (such as banks) to explain the company's operations; The audit report issued can be submitted to the shareholders of the company to let them know about the company's operation. If the company pays taxes according to "actual operation", it will be of great help to borrow money from banks in Hong Kong in the future.
3. Investment base.
It is the foundation of enterprise financing, fund-raising and listing, and also a solid foundation for domestic investment.
4. The cancellation of the company requires an audit report.
Any Hong Kong company that has been operating for 1 year and is profitable needs to provide an accountant's audit report when it is cancelled. A good tax plan will enable customers to effectively reduce tax expenditure and increase cash flow and application. Every Hong Kong company needs to audit its accounts, whether it is a big company, a small company or a shell company. Although the audit report is not always useful, it plays a decisive role in the development of the company at a critical time. Therefore, it is very important to do a good job in accounting audit of Hong Kong companies.
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