If you want to do the audit of a Hong Kong company, now a Hong Kong audit company tells you that you only need to provide the monthly bank statement to issue the audit report of the Hong Kong company and complete the tax declaration of the Hong Kong company this year, which is irresponsible behavior(Unless your Hong Kong company has not done any business at all during the year). If you only provide monthly bank statements, the accounting of your Hong Kong company will not be standard, and the Hong Kong auditor will not be able to audit your Hong Kong company's accounting (because there is no evidence to prove the relevant business), which will directly lead to the opinion of the audit report issued by your Hong Kong company -- the opinion of the audit report.
inDoes Hong Kong company audit only need to provide monthly statement? (I)We talked about the risks to this situation in, and then we go on to detail the remaining two risks:
2) Bank account risk:
The bank will check the opening company regularly and may require customers to provide relevant audit reports. Such audit reports without opinions will cause the bank to doubt the business of the company, resulting in the risk of freezing or closing the account. In addition, if the company goes to the bank to apply for bill business (such as letter of credit, back to back, etc.), the bank will also review the audit report of the Hong Kong company, and the bank will not accept such audit report that cannot be expressed, which will lead to the failure of your bill business application.
3) Business risk
In the process of operation, a company often encounters the procedures of bidding before purchase by customers or supplier review, and these procedures generally require the company to provide relevant audit reports to prove the strength of the company. However, if you show the audit report that you cannot comment on, the customer will doubt the credibility of your Hong Kong company, and then you will lose the business.
To sum up, when making an auditor's report for a Hong Kong company, it is necessary to provide complete business credentials and bank statements of the Hong Kong company, and to entrust a professional Hong Kong audit company, so as to ensure the professionalism, compliance and security of the auditor's report for a Hong Kong company.
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