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Hong Kong company has inventory, what will be the impact on the audit?

Released Date: May 22,2022 Article Source: HUANZE

If the Hong Kong company has inventory, it should be inventoryed at the end of the fiscal year. There are several ways to take stock in general. One is to entrust accountants to take stock, the other is to entrust others to take stock, and the other is to take stock by the local three-party warehouse.

ifHong Kong companyIf you have inventory, take inventory at the end of the fiscal year. There are several ways to take stock in general. One is to entrust accountants to take stock, the other is to entrust others to take stock, and the other is to take stock by the local three-party warehouse.

Regardless of the method of inventory, it is necessary to do inventory on the last day of the fiscal year, otherwise it will not be able to do inventory again. If an inventory cannot be taken, then inHong Kong companyThe accountant will issue a reserved opinion on the inventory during the audit. So if the Hong Kong company has inventory must pay special attention to.

There's also the case where some transactions areHong Kong companyBefore the audit, we will not know the customer's situation in detail, so we must communicate with the accountant in advance if there are any problems and conditions, so as to avoid communicating and modifying some situations after issuing the audit report.

Hong Kong company has inventory, what will be the impact on the audit?

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