Every company registered in Hong Kong must have its financial accounts audited by auditors registered under the Professional Accountants Ordinance (PAO) annually. For newly incorporated private companies, the first year end date should be set within 18 months since its incorporation. In addition, the first set of audited accounts should be laid before shareholders at the AGM within 9 months (6 months for other companies) after its financial year-end. Subsequent AGMs should be held not more than 15 months apart. There is no mandatory year-end date for Hong Kong companies, but 31 March and 31 December are the more common ones.
Our firm adopts a risk-based methodology for our audit. Our audit is carried out under the following phases:
We are an experienced service provider of statutory audits. During the course of audit, close communication with the audit committee and the board of directors is essential. Our professional services enable our clients to better understand their business needs, whilst providing them with timely and constructive advice to manage their future growth.