In today's world, international trade is booming, so in Hong Kong, the Asian financial center, there will be a lot of international trading companies, these international trading companies will inevitably use the bill business (such as letter of credit, forward, back to back, etc.) in international trade. Today we will take you to see what aspects should be paid attention to in the audit process of a company in Hong Kong if there is bill business?

First of all, we need to know that according to the Hong Kong Company Law, Hong Kong companies must be audited every year, and the auditor shall issue a formal audit report. If your Hong Kong company is involved in the bill business, it needs to pay special attention to the following matters:

1First of all, the company audit in Hong Kong requires bank confirmation, and the bank will give the confirmation letter to the auditor in the form of attachment, step by step, according to the bill number you handle. Therefore, our Hong Kong company should pay attention to the income and costs related to the bill business when conducting accounting treatment, and these businesses need to be clearly and completely reflected in the accounting.

2When auditing a Hong Kong company, the auditor will also check the bill data in the book of a Hong Kong company with the bill information in the confirmation letter of the bank. Therefore, as long as the bill business is used in the trade, the customer needs to be accurately and completely reflected in the account, and it needs to match the confirmation letter of the bank.

In particular, if the trade involved in the bill business has not been realized, the relevant amount needs to be included in the current account for the auditor to check. However, if the trade has been realized, it needs to record the income and settlement cost in full according to the actual trade volume, and put it into the corresponding accounts and bills. Therefore, if the bill business is involved in the operation process of the Hong Kong company, we must pay special attention to the above points, and entrust professional institutions to audit the Hong Kong company.

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