Hong Kong Company Audit

Whether it's opening a company account, applying for financing, or fulfilling tax requirements, OneSec can assist businesses in properly handling company audit arrangements.

Understanding Hong Kong Company Audit

An audit report is a document that certifies whether a company's financial statements are true, accurate, and compliant with Hong Kong accounting standards.

Audit Report Content

Report Cover and Auditor Info

Auditor's Opinion

Financial Statement Reasonableness Assessment

Audit Scope and Procedures Summary

Notes and Supplementary Information

Required Documents for Company Audit

Step-by-Step Guide | Process Overview

Hong Kong Company Audit Process

Step-01

Statutory Requirements and Process Overview

Step-02

Document Organization and Preliminary Verification

The entire process takes 3–7 business days.

Step-03

Referral and Audit Coordination

An audit by a Hong Kong practicing accountant takes 2–6 weeks.

Step-04

Document and Inquiry Follow-Up

Step-05

Audit Completion and Signing Arrangements

Step-06

Assist with Tax Filing (if applicable)

What are the consequences of failing to complete an audit on time?

01

Violation of the Tax Regulations

Most Hong Kong limited companies are required to submit their audit report and profits tax return to the Inland Revenue Department before the tax filing deadline.

02

Fines and Additional Taxes

The maximum penalty is a fine of HK$10,000 and an additional tax of up to three times the amount of tax underpaid.

03

Suspended Bank Accounts

Failure to submit an updated audit report may result in the bank freezing the company's accounts due to compliance review.

04

Company Reputational Harm

The lack of proper auditing and tax filing can easily affect partners' trust in the company.

05

Legal and Compliance Risks

Seventy (70) approvals were granted per unit, with one approval every three months.

香港公司審計時間要求

在以下情況為保障股東的利益也會要求核數師對財務報表作出適當的審核

不當管理行為指控調查

業務出售及估值

併購或上市

運作效率及管理表現評估

Why Choose OneSec

We can tailor a unique solution to your specific needs

Professional Auditing Team
A licensed senior auditor followed up and updated the books and statements.
Timely Tax Report
File your profits tax returns on time to ensure compliance and avoid penalties.
Cloud File Management
Centralized file management in the cloud allows for more efficient access anytime.
All-Inclusive Transparent Pricing
Fixed all-inclusive pricing, no hidden fees for peace of mind.

Startups

Suitable for businesses with a turnover of less than 1 million

 

HK$288/ month

HK$880/ Quarterly

HK$3,500/ Year

Growth Enterprises

Suitable for enterprises with a turnover of 1 million to 5 million.

HK$488/ month

HK$1,288/ Quarterly

HK$5,000/ Year

Advanced Enterprises

Suitable for enterprises with a turnover of 5 million to 10 million.

HK$788/ month

HK$2,280/ Quarterly

HK$8,800/ Year

Large-Scale Enterprise

Suitable for enterprises with a turnover of over 10 million.

 

Price to be quoted separately
Please inquire

*Your accounting package will be priced based on actual revenue for each fiscal year. If actual revenue exceeds the selected range, we will charge the difference proportionally.

Hong Kong Company Audit
FAQs

Is audit still required if the company has no actual operations?

Generally yes. Even if the company has no business income or transactions during the relevant financial year, a "dormant" audit report issued by a practicing accountant must be submitted to comply with tax filing requirements.

They are not the same. An audit is an independent verification process of a company's financial statements, while tax filing involves submitting a profits tax return and related documents to the tax authorities.

Failure to complete the audit on time may result in delays in profits tax filing, and may attract inquiries from the tax authorities, or even lead to fines or other compliance risks.

It is generally recommended to start preparation as early as possible after the end of the financial year to match the tax filing deadline.

Not necessarily. Audit fees typically vary depending on the company's transaction volume, business complexity, and documentation, and may differ from year to year.

Want to easily complete a Hong Kong company audit?

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