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After the account of Hong Kong company is cancelled, do I need to confirm the audit?

Released Date: Apr 27,2022 Article Source: HUANZE

At present, a large number of Chinese entrepreneurs have registered their companies in Hong Kong to do international business. According to the tax law of Hong Kong, Hong Kong companies must entrust Hong Kong certified public accountants to make audit reports and tax returns every year.

 At present, a large number of Chinese entrepreneurs have registered their companies in Hong Kong to do international business. In accordance with the tax law of Hong Kong,Hong Kong companyWe must entrust Hong Kong certified public accountant to make audit report and tax declaration every year.

The Hong Kong accountant must verify the audit report of the Hong Kong company before issuing itHong Kong companyAll bank accounts under your name shall be confirmed in writing. Only after ensuring that the contents of the accounts are consistent with the corresponding information on the confirmation letter replied by the bank, can you issue the corresponding unreserved opinion on the accounts of the Hong Kong company. Therefore, confirmation of bank accounts is a necessary procedure in the audit of Hong Kong companies.

Some Hong Kong companies have opened multiple bank accounts. For various reasons, some accounts need to be cancelled, or some accounts are forced to be closed by the bank. Whether the account is actively applied for cancellation or forced to cancel the account by the opening bank, the bank must confirm the account cancellation reply, which can be written reply or E-mail reply. If you can provide the bank's cancellation receipt, then you can exemptHong Kong companyAccountant confirmation procedure in the current audit.

After the account of Hong Kong company is cancelled, do I need to confirm the audit?

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