Accounting is the preparation of financial statements of the company. The process begins with book-keeping, which is to record the company’s business transactions.
The financial statements are reports that allow interested parties to evaluate the profitability and solvency of a business.
It is statutory requirement regulated by Hong Kong Companies Ordinance (Cap.32/Cap.622) to prepare financial statements and file tax return annually.
- Periodical Accounting
- Financial Statement preparation (Income statement, Statement of financial position, General ledger)
- Review Accounting Record
- Assessment of accounting policy adopted
“A GUIDE TO KEEPING BUSINESS RECORDS” issued by Hong Kong Inland Revenue Department
Annual audit is an indispensable procedure for each Hong Kong limited company. Audits on organizations’ accounts are an independent and objective manner which carried out in accordance with the relevant auditing standards and guidelines.
- Required by Hong Kong Tax Authority (Inland Revenue Department)
- Comply Hong Kong laws and regulations, Cap.622 Companies Ordinance (Previous is Cap.32)
- Other benefits of auditing include:
- To detect area that may have potential problem in a company and allow directors and shareholders to take action in advance.
- To assist our clients to understand their needs and to give them timely advices on management control.
- To help clients manage risk so that they can focus on their core business.
To ensure our profession and service quality, our team members have the qualifications from any/all of these:
- Hong Kong Institute of Certified Public Accountants
- Hong Kong Institute of Accredited Accounting Technicians
- LCCI International Qualifications
- The Association of Chartered Certified Accountants