Company Statutory Audit
Company Statutory Audit
According to the Hong Kong Companies Ordinance, every limited company incorporated in Hong Kong must need the statutory audit once a year.
According to company law, the annual accounting report of Hong Kong, a limited company, must be audited by the accountant who has the practicing certificate. This accountant must have professional qualifications and be recognized by the relevant laws. Our work is following accounting and auditing standards made by HKICPA, also regulated by the professional code of conduct. Especially the independence of auditors and the client information confidential.
Our auditing should comply with the guidelines of HKICPA but also achieve an efficient auditing accounting risk-led approach, which base on the customer’s business characteristics and unique requirements.
We have a team of former commercial bank managers so that we can provide one-stop auditing advice for your company, such as overseas business equity structure, whether the account should be consolidated for audit, whether charge the related company management fees or commissions, Etc. We help your company raise financing and purchase new assets in Hong Kong more effectively. The following table is a reference for the annual audit fee:
Audit (Total annual turnover) (HKD) |
Non-LINKAGE accounting and bookkeeping customers (HKD) |
LINKAGE accounting and bookkeeping customers (HKD) |
---|---|---|
below 1,500,000 | 13,800 | 8,800 |
1,500,001 – 10,000,000 | 21,800 | 18,000 |
10,000,001- 50,000,000 | 38,000 | 33,800 |
50,000,001-100,000,000 | 56,800 | 51,800 |
100,000,001-300,000,000 | 79,500 | 72,800 |
300,000,001-700,000,000 | 105,000 | 88,000 |
The annual audit fee for investment property companies and holding companies is HKD$7,000; if the total yearly turnover is HKD$700 million or above, the cost is negotiated separately.
The above services will charge the additional fees depending on the actual complexity. The above chart is for reference only, and the final charge is subject by the quotation.