Audit

Stress-Free Audit Services With Trusted Partners In Hong Kong

We manage all the administrative work and paperwork on your behalf, answer your questions promptly, and offer guidance at every step. Our partner auditors provide fixed, transparent pricing—so you never have to worry about hidden fees or unexpected charges.

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What We Do

Complete Audit Services For
Your Hong Kong Company

Direct Access to Experts

A dedicated audit expert answers your questions and provides guidance at every stage.

Simple Document Process

You provide the documents; we handle the rest from start to finish.

Local Hong Kong Team

Our partners are based in Hong Kong and know local regulations inside out.

Secure Document Storage

All your company documents stored securely in one place, accessible anytime.

Audit And Tax

Filing Obligations In Hong Kong

Annual Audit Obligation

Every limited company registered in Hong Kong must undergo an annual audit. This audit must be conducted by an independent, external Certified Public Accountant (Practicing) who is registered with the HKICPA. The auditor then issues a report to the Inland Revenue Department in line with the required financial reporting framework.

Required Documents For An Audit

To complete an audit, you will need to provide the following documents:

Income statement
Statement of financial position (balance sheet)
Trial balance
General ledger
Bank statements
Sales, purchase, and expense invoices
Agreements or contracts
Company incorporation and corporate documents

Steps To Complete Your Audit

The audit report must be submitted along with your Profits Tax Return (PTR) to the Inland Revenue Department. For newly incorporated companies, the first PTR is typically issued 18 months after incorporation. You then have three months to respond with the audit report, tax
computation, and completed PTR.

It is advisable to begin preparations well before the deadline. Choose reliable accounting and audit professionals to handle the process.

Under Hong Kong law, the auditor must be an external and independent party—specifically a Certified Public Accountant (Practicing).

Before engaging an auditor, confirm that their fee covers everything required and that there will be no unexpected additional charges.

Documents Needed For An Audit Quotation

To receive an accurate quote for audit services, you will typically need to provide:

Trial balance
Income statement
Statement of financial position (balance sheet)
General ledger
Prior year audit report (if applicable)
Corporate secretary documents

Why Audits And Tax Filing Matter

Under Hong Kong’s Companies Ordinance and Financial Reporting Standards, every company is required to have an annual audit to confirm that financial reports meet regulatory requirements.

Additionally, the Inland Revenue Ordinance requires all companies to submit annual tax returns to the IRD on time.

Companies must also follow other business regulations under the Companies Ordinance, including rules on organizational structure, board duties and powers, and shareholder rights and responsibilities.

Auditing and tax filing are essential parts of running a compliant business. It is important to take both seriously and work with qualified professionals to ensure your company operates within legal and business standards.

Key documents for audit and tax filing

The following documents are typically required:

Financial statements (balance sheet, profit and loss statement, cash flow statement)
Bank statements and financial records
Contracts and agreements (leases, supplier contracts, customer agreements, etc.)
Tax documents (related to profits tax, and any other applicable taxes)

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Deadlines

Important Tax Deadlines
For Hong Kong Businesses

The deadline for submitting your Profits Tax Return and audit documents is tied to your company’s year-end date. Not sure when you need to start? Reach out to our experts – we’ll help you understand the timeline and walk you through the audit process.

FAQs

What is a financial audit?

A financial audit is performed by an auditor to provide an opinion on whether a company’s financial statements comply with the applicable Accounting Standards. The auditor examines the information to a reasonable extent to ensure its accuracy, collecting evidence to determine whether there are any material errors or misstatements in the reports.

Is an audit mandatory in Hong Kong?

Yes. All limited companies formed in Hong Kong—including those operating overseas—are required to undergo an annual audit of their company accounts. This is a legal obligation under the Hong Kong Companies Ordinance and the Inland Revenue Ordinance. Every limited company must file a Statutory Audit in accordance with the Hong Kong Financial Reporting Standards.

What does an audit involve?

A financial audit for Hong Kong businesses involves an auditor reviewing the company’s financial records to ensure they comply with the relevant Accounting Standards. The auditor examines financial documents such as income and expenditure records to confirm their accuracy and adherence to required standards.

The goal is to provide confidence to both company management and external parties—such as investors or regulators—that the financial information is reliable. The auditor also looks for any mistakes or misleading information within the financial statements. The final audit report may be submitted to the Inland Revenue Department to demonstrate compliance with financial reporting
frameworks.

What steps are involved in completing an audit for my Hong Kong company?

The auditor begins by understanding the nature of your business. They then collect documentary evidence, which may include:

Invoices
Goods delivery and receipt notes
Sales and purchase contracts
Purchase orders and sales orders
Rental agreements
Bank deposit slips and bank statements
Bank loan agreements
Financial breakdowns supporting the figures in the financial statements

Additionally, the auditor will perform confirmation procedures with banks, as well as verify accounts receivable and payable to confirm year-end balances.

Other audit testing and procedures are also carried out. Enquiries will be made with management during the audit process. Finally, the auditor issues an audit opinion stating whether the financial statements are fairly presented in accordance with Accounting Standards and whether they contain any errors or misstatements.

Who are the auditors?

An auditor is an independent Certified Public Accountant (Practicing) registered with the Hong Kong Institute of Certified Public Accountants (HKICPA). Only such qualified professionals are authorized to provide audit services for companies in Hong Kong. The auditor prepares the audit report and gives an audit opinion based on their findings.

How does pricing work?

Our pricing for facilitating audits through our partners is generally based on your company’s annual revenue. We do not charge per transaction or per invoice uploaded.

Pricing may vary depending on factors such as your business industry, primary activities, or any special requirements. To receive a more accurate quote tailored to your company, please speak with our experts.