As a professional audit institution of Hong Kong companies, our company has encountered many clients who entrust non-professional agencies to handle audit reports for us before they are transferred to our company. Why?
As a professional audit institution of Hong Kong companies, our company has encountered many clients who entrust non-professional agencies to handle audit reports for us before they are transferred to our company. Why? Because most of the opinions in these reports are no opinions or negative opinions, which are the more serious options among the four opinions in the audit report of Hong Kong companies! Because this kind of report whether used for bidding or financing, or even for banking related business, are not recognized.
One of the important reasons why these audit reports are not expressing opinions or negative opinions is that only monthly bank statements are provided. Moreover, there are so many such behaviors at present. Without any financial data to prove the business operation of the company, the auditors in Hong Kong will not guarantee such reports. Although the audit report can be issued very quickly, such audit report is actually useless as long as a careful look, and it will also bring great tax risks to Hong Kong companies, because the Hong Kong Tax Bureau focuses on such high-risk audit reports.
Therefore, when handling the annual audit of the Hong Kong company, we must pay attention to the audit report of the Hong Kong company, which is the important evidence of the company's bidding, financing, listing, cancellation and many other businesses. We must not blindly choose the agency with very low price, which will eventually be penny wise and pound foolish and increase the company's operating costs.
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.