Hong Kong Statutory Audit

We gather bank statements, contracts, invoices, and expense receipts and assemble them by year.

We post the general, receivable, and payable ledgers so the books agree with the evidence.

We prepare the balance sheet, income statement, and notes under Hong Kong Financial Reporting Standards.

We reconcile related-party balances and bank items and adjust outstanding entries.

We deliver an operating summary and KPIs for the directors' decisions.

We appoint a Hong Kong CPA and set the audit scope and timetable.

We sample transactions to test internal controls and the authenticity of evidence.

We propose adjustments for differences and obtain bank and receivable confirmations.

We issue the statutory audit report as the basis for tax filing and disclosure.

We discuss findings with management and flag compliance matters.

We determine the profit period by the financial year-end to define the taxable scope.

We adjust depreciation and expenses per tax law to compute assessable profits.

We file the profits-tax return with the Inland Revenue Department based on the audited results.

A loss year usually pays no profits tax but must still file; losses may be carried forward to offset future profits.

We update directors, shareholders, share capital, and address as of the anniversary.

We file the annual return with the Companies Registry on time and keep the receipt.

We maintain the SCR and support statutory inspection.

We remind you ahead of the BR renewal date to avoid lapse.

We renew the Business Registration Certificate and pay the fee.

We update the tax and bank records to match the renewed details.

For non-trading companies we perform the inactive audit required by law.

The first tax return usually arrives about 18 months after incorporation; we prepare early (actual timing may vary).

We help submit explanations and catch-up filings to reduce fines and director risk.