hot keywords:
Location: Home » News information » Overseas company knowledge base » How to deal with inventory items in the audit and accounting of Hong Kong company?
font: Big Middle Small

How to deal with inventory items in the audit and accounting of Hong Kong company?

Released Date: Jul 11,2021 Article Source: HUANZE

Many clients have inventory items in the accounting and tax declaration of Hong Kong companies and in the audit of Hong Kong companies. For inventory items, Hong Kong audit needs special attention.

Do the accounting and tax return in Hong KongHong Kong corporate auditMany of our customers have inventory items, for which Hong Kong audit needs special attention.

Do tax returns and accounts in Hong KongHong Kong corporate auditIn general, enterprises with inventory items need the auditor to audit the inventory. If there is no auditor audit, there is inventory on the account, or adjust to the prepayment. If the business does not adjust, the auditor will express reservations about the inventory items.

According to some big customers we have received recently, there are a large number of inventories on the account and these inventories are stored in overseas third-party warehouses, which is impossible to achieve if we conduct audit and inspection. So the other audit procedure the auditor performs is to certify the inventory stored in a third party warehouse. According to some special confidentiality of the customer, only quantity can be confirmed for the inventory of the third-party warehouse, but the amount cannot be confirmed. According to the communication with the auditor, the auditor agrees to only confirm the quantity of inventory from the third-party warehouse. For the amount of inventory, the enterprise needs to issue a separate list with the amount consistent with the inventory of the third-party warehouse and submit it to the auditor together with the company seal. As evidence of inventory audit.

Inventory accounts for a large proportion of some enterprises. Only by knowing clearly what procedures the auditor will perform on the inventory, can the audit and tax declaration work be completed in a high quality and efficient manner. Corporate audit risks will also be reduced.

How to deal with inventory items in the audit and accounting of Hong Kong company?

CycloseThe company is committed to providing domestic and foreign customers with corporate 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 private enterprises, listed companies and large state-owned enterprises.

Recommend products

contact us

  • Room 2701, Block C, Fortune Center, No. 6 Daye Road, Jinjiang District, Chengdu
  • 1159706075@qq.com
  • 028-66317711
  • 400-6826-139

f_logo HUANZE Copyright   The state has written and written-2021-L-00036240 Record No. :Baidu StatisticsSite map

  • National hotline:400-6826-139
  • National service points:Hong Kong, Chengdu, Shanghai, Guangzhou, Beijing, Wuhan, Kunming
  • Complaint Hotline:13880826891

resource/images/1fbf1766d2e64ba7a2e1f839a5722c64_2.jpg HUANZE