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Does the audit of a Hong Kong company require original bank documents?

Released Date: Apr 19,2021 Article Source: HUANZE

Since the beginning of this year, the global epidemic has basically stabilized and the economy has begun to recover. Many people registered Hong Kong companies also started international trade, but it should be noted that Hong Kong companies need to do audit reports every year. The most important thing in the audit report of Hong Kong companies is the collection of original documents. If the collection of original documents is not complete, it is likely to affect the quality of the audit report of Hong Kong companies, which will bring high tax risks to Hong Kong companies.

Since the beginning of this year, the global epidemic has basically stabilized and the economy has begun to recover. Many people registered Hong Kong companies also started international trade, but it should be noted that Hong Kong companies need to do audit reports every year. whileHong Kong corporate auditThe most important thing in the report is the collection of original documents. If the collection of original documents is not complete, it is likely to affect the quality of the audit report of Hong Kong company, which will bring high tax risks to Hong Kong company.

Among the many original documents to be collected, the bank's monthly statement is the most important. Because once the bank statement is missing, the opinion of the audit report issued by the auditor in Hong Kong may be unable to express the opinion, which will seriously affect the quality of the audit report. While many customers do not pay attention to the collection of monthly statements when using corporate banks in Hong Kong, while many overseas banks can only print the latest statements12Monthly statement.

So, if you have a Hong Kong company, you need to pay special attention to:1Try to print the bank statement once every quarter or half a year, rather than later print all at once, because the monthly statement printing is limited;2The printed monthly statement needs to be kept well. It is best to keep both paper and electronic versions.

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