In the audit of companies in Hong Kong, few companies have the capital reserve project, but in the recent audit, some companies in Hong Kong have used the capital reserve project.
In the audit of companies in Hong Kong, few companies have the capital reserve project, but in the recent audit, some companies in Hong Kong have used the capital reserve project.
Secondary details of capital reserves are divided into capital/Equity premium and other capital reserves. Capital reserve-capital/The equity premium is the amount of investment a business receives from investors in excess of its share of the registered capital (or share capital) of the business. The causes of capital premium (or equity premium) include issuing shares at a premium and investors paying in excess capital
Capital reserve-Other capital reserve accounting contents: share payment for equity settlement; Long-term equity investment calculated by the equity method, changes in other equity of the investee.
A recent client audit had capital reserves on the books-Equity premium is the amount paid by shareholders, not the registered capital invested, and is accounted for as equity items. But there was no evidence to back it up. The Hong Kong auditor requires the client to provide the corresponding documents. The client finally provided the approval form for the overseas investment filing application of the shareholder company's investment in the Hong Kong company. The auditor thus obtained sufficient and appropriate audit evidence for the project. Before issuing an unqualified audit report.
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