WeknowthataftertheregistrationofaHongKongcompany,annualreturnandauditshouldbedoneregularlyeveryyear,sowhatifthereisinventoryintheauditofaHongKongcompany?
HongKongcompaniesonlyneedtoprovidemonthlybankstatementswhenaudited,acommonmistakeencounteredbymainlandclients.Becauseintheauditprocess,theauditorneedsenoughevidencetosupporttheauthenticityoftheaudit.
FortheauditofHongKongcompanies,thefirststepistodothebankconfirmationletterafterwereceivethecustomer'sauditinformation.Fortheconfirmationservice,thebankwillchargeseveralhundredHongKongdollarsfortheconfirmationservice,whichisusuallydirectlydeductedfromtheaccountopenedbythecustomerinthebank.Thebankwillstarttheconfirmationprocedureonlyafterthedeductionissuccessful.Ifthecustomer'saccountwiththisbankhasbeenclosedforsomereason,howtoverifyit?
Asweallknow,oneoftheitemsintheauditreportistheauditor'sopiniononthereport,andintheauditofaHongKongcompany,itisgenerallyincluded4Typesofopinionauditreport:unqualifiedopinionauditreport,reservedopinionauditreport,noopinionandnegativeopinionauditreport.
WhendoingtheauditandtaxdeclarationofHongKongcompanies,weoftenencounteravarietyofproblems.Nowourfirmwillexplainsomeoftheseproblems,hopingthatHongKongcompanieswiththesametypeofmistakescanbereferredto.