As we all know, a listed company is generally a group composed of several companies. With the rapid development of the economy, many listed companies are gradually going abroad for a broader overseas market. In this general trend, it is bound to be accompanied by the establishment of a large number of overseas subsidiaries. Among them, Hong Kong, with its unique tax system, low tax rate and convenient trade, has become the first choice for many overseas companies to set up.

However, when these established Hong Kong companies conduct the audit, they need to pay attention to some matters. After all, the audit of the subsidiary companies of listed companies will be different from that of ordinary companies. If you don't pay attention, it will affect the listed company.

First of all, since the listed company is a whole and needs to timely submit the financial statements of the group company every year, its subordinate Hong Kong company needs to be more efficient than ordinary companies, and the audit time requirements are more strict.

Secondly, listed companies generally pay more attention to the statement data, because generally such Hong Kong companies will have their own set of accounts, if the data change is too large, it will affect the statement consolidation of listed companies.

Finally, and the most important point, such listed companies will attach great importance to the opinions and descriptions of the audit report, because if the opinions and descriptions of the audit report do not meet the requirements, it will directly affect the audit opinions of the financial statements of the listed companies.

In view of the above difficulties, our company is specially designed to provide the following special services for such companies:

1.Provide door-to-door audit service, convenient customer data processing, and can greatly speed up the audit efficiency.

2.For the financial data requirements of such companies, generally we will try our best to handle the accounting according to the accounts of customers, in order to maximize the guarantee that all financial data in the audit report is consistent with the customer's own data.

3.As for audit opinions and descriptions, listed companies attach great importance to the opinions of audit reports, so we will conduct accounting treatment according to the account books and original vouchers of customers, in order to maximize the consistency of audit opinions and customer expectations. At the same time, as for the description of audit report, we will try our best to communicate with the auditor according to the client's requirements, so as to ensure that the description of audit report provided by the auditor meets the client's requirements.

4.If there is any adjustment in the audit report, we will first communicate with the auditor according to the client's requirements and try our best to avoid audit adjustment. When an audit adjustment is indeed required, we will provide a detailed explanation of the adjustment and give recommendations for future annual accounting treatment.

For example, listed companies are usually accompanied by a relatively large amount of overseas investment. And if the investment is identified as impairment will have an impact on listed companies. Therefore, during the audit, we will ask customers to prepare complete subsidiary information and suggest them to provide evidence that investment assets are not depreciated. On this basis, we will have a comprehensive communication with the auditor, so that the auditor can accept the information and not deduct the impairment. This will help clients get the reports they expect and need to the greatest extent.

Finally, it is reminded that for listed companies that have established Hong Kong companies, if they cannot find the relevant audit firm, the audit report may not meet your needs, and even affect the audit and financial report work of domestic listed companies. So we need to pay enough attention to the audit of overseas subsidiaries and find the right audit company.

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.