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Measures for the audit of overseas warehouses of Hong Kong companies

Released Date: Sep 13,2021 Article Source: HUANZE

In today's rapidly developing world economy, with the stabilization of the epidemic, more and more international trade came into being. The development of technology and the Internet has given rise to a large number of Internet trading companies, which directly deal with consumers through their own or third-party trading platforms. Such companies are cross-border e-commerce platform trading companies.

In today's rapidly developing world economy, with the stabilization of the epidemic, more and more international trade came into being. The development of technology and the Internet has given rise to a large number of Internet trading companies, which directly deal with consumers through their own or third-party trading platforms. Such companies are cross-border e-commerce platform trading companies.

Cross-border e-commerce platform trading companies set up in Hong Kong need to be audited every year, so it is inevitable that a large amount of inventory needs to be counted. However, as cross-border e-commerce platform trading companies, the warehouses of these companies are set up all over the world, and many of them are third-party warehouses, which cannot be counted by auditors in person. In the case of such a third party warehouse, the auditor may use alternative procedures to verify the inventory of the third party warehouse to the third party when it is not possible to personally monitor the inventory. Audits may also continue.

Measures for the audit of overseas warehouses of Hong Kong companies

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