2020The audit of Hong Kong in 2004 has begun in earnest. Therefore, in the process of audit in Hong Kong, we will encounter various such problems. Today, I would like to share with you the situation that the bank letter of credit provided by the customer is inconsistent with the letter of credit on the bank confirmation letter.

The customer had privately discussed with his supplier that he would not accept one of the letters of credit issued by the supplier. However, the customer did not go to the bank for processing, and his own book was written off. As a result, the L/C data provided by the customer was inconsistent with the L/C on the bank confirmation letter.

At that time, when the auditor found such a situation, he also asked the reason in detail, and then asked the customer to adjust the actual amount of the letter of credit to be consistent with the bank confirmation letter, otherwise there would be reservations. Then remind the customer that this letter of credit must be dealt with by the bank next year, otherwise there will definitely be inconsistency between the book book and the bank confirmation letter in the Hong Kong audit later.

Thus, a professional auditor can control the risk of clients. If the auditor directly adjusts the account without asking the reason, the Hong Kong Tax Bureau will inquire several years later, and the customer cannot explain the reason due to the irregular financial system and the change of financial personnel, it is likely to bring tax risks to the customer, because the tax bureau will think that the customer is suspected of tax evasion.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.