Nowadays, many Hong Kong companies in the market always encounter different problems in auditing, and most of the non-professional institutions are ambiguous, so many companies do not know that they have a lot of problems to solve in auditing. If the report at hand is invalid, it will virtually waste the cost of the company. Today, our company would like to share with you some questions we have concluded.

1What is the harm of the audit report of the reserved opinion? If a reservation is issued, it may be concerned by the tax bureau and affect the company's bidding and financing. However, our domestic accountants make accounts in accordance with the accounting standards of Hong Kong and conduct pre-audit. If there are reasons for issuing reservations, we will fully communicate with customers and continue to audit after eliminating the reasons.

2What if the audit report is not issued as scheduled: it will affect the data disclosure obligation of its listed parent company.

3, whether the company qualifies for a profits tax exemption: failure to know this may result in the company being taxed.

4During the audit, whether audit papers of domestic subsidiaries controlled by Hong Kong company need to be submitted: If they are required to be provided, China generally cannot provide them, and the audit work cannot be carried out. For the consolidation of financial statements of domestic subsidiaries, our company only needs to provide domestic audit reports, but does not require domestic audit papers, so as to reduce the burden on customers.

CycloseFocusing on providing company audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many large state-owned enterprises and listed enterprises.