Is there any difference between the audit period of a company in Hong Kong and that in mainland China? How is the reporting period stipulated in the company audit in Hong Kong? Today I will introduce you in detail.

In the audit of Hong Kong company, the closing date can be arbitrarily chosen as one thinks is suitable for the company, unlike the mainland accounting law clearly stipulates that the accounting period is based on the Gregorian calendar1month1sunrise12month31Day, can not be arbitrarily chosen. As the Hong Kong closing date is so free, it is still suggested that Hong Kong companies consider two closing dates: the first, like the mainland to choose1month1sunrise12month31Day as the audit period, i.e. the closing date is12month31Day. This is mainly because the parent company of the Hong Kong company is a mainland company, so it is convenient for the parent company to combine financial statements. The tax filing deadline for this closing date is for the following year8month15Day. Second, choice3month31The closing date is consistent with the Hong Kong Government fiscal year. The tax filing deadline for this closing date is current11month15Day.

In Hong Kong, the audit reporting period can only be less than12A month, more than12There will be reservations in a month. There are only two exceptions. The first one is that the first audit report in business can be exceeded12A month. The longest I can do is18Months, if more18There will be reservations in a month. Second: the completion of the audit report can exceed12A month, of course12There will be reservations in a month.

Only better understanding of audit knowledge in Hong Kong can better avoid audit risks.

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