Audit & Assurance

Audit & Assurance

Management generally prepares accounts for proper understanding of enterprise's operations. The financial statements also act as an indicator of commercial decision for management by financially comprehension.
Companies incorporated in Hong Kong with limited liability, as stipulated by Companies Ordinances (Chapter 622, Law of Hong Kong), should appoint an external auditor to perform statutory audit. The report is required to be presented to shareholders for approval in Annual General Meeting (AGM). Besides, Inland Revenue Department (IRD) also request the submission of audited financial statements with profits tax return for the assessment purpose.

Statutory Audit

Our firm delivers quality audits in accordance with the Laws of Hong Kong and Statements of Auditing Standards issued by Hong Kong Institute of Certified Public Accountants (HKICPA). During the course of audit, we carry out studies on the industry characteristics of target enterprise. Other factors will also be taken into consideration for planning of audit, such as mode of business operation, management structure, inherent problem and risk management. We also keep our clients be informed during the audit so as to transmit a proper understanding of the financial issues of enterprise.
We express professional opinion regarding to the truth and fairness of the financial statements of enterprise in our auditor’s report, and to make recommendations as to how financial performance and competitive power can be improved and enhanced. We also focus on the fiduciary duties to be held by the company directors, as set out by relevant statutory requirements.

Non-Statutory Audit

Our firm not only carry out normal statutory audit, but also engage in special audit depends on various situations. Examples are:

  • Perform due diligent review during Merge and Acquisition or pre-listing
  • Deliver focal report, such as company valuation or operational efficiency assessment
  • Comment on the internal control, external monitoring and inventory system of company
  • Carry detailed investigation on specific areas with appropriate improvement advice
  • Audit on proprietorship and partnership for enhancing reliability of financial statements
  • Other specialized audits as requested, such as fraud and errors