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Does the Hong Kong company have inventory at the end of the audit period?

Released Date: Apr 19,2022 Article Source: HUANZE

Now many Hong Kong companies have begun to handle the audit, and some of them have inventories at the end of the period. For such Hong Kong companies, they have to make an appointment with the auditor to take inventory in advance at the end of the period. If no inventory is taken, the auditor in Hong Kong will express reservations about the goods in stock, because without inventory, the auditor cannot confirm the value of the inventory. 

Now many Hong Kong companies have begun to handle the audit, and some of them have inventories at the end of the period. For such Hong Kong companies, they have to make an appointment with the auditor to take inventory in advance at the end of the period. If no inventory is taken, the auditor in Hong Kong will express reservations about the goods in stock, because without inventory, the auditor cannot confirm the value of the inventory.
     Our company is handling manyHong Kong corporate auditAmong them, a company in Hong Kong had inventory at the end of the period, and the goods were managed by a third party. For this kind of Hong Kong company, we suggest that we can entrust a third-party institution to take inventory of goods, so that the auditor is also approved.
     For Hong Kong companies with inventory at the end of the period, it is necessary to know clearly whether there is inventory uncleared at the end of the period before the audit. Otherwise, the audit time is approaching, which may bring some difficulties to the inventory because the time span is too long, and also increase the operating cost invisibly. Therefore, the audit of Hong Kong company should also communicate with the audit agency in advance before handling, so as to avoid the impact on the audit report.

Does the Hong Kong company have inventory at the end of the audit period?

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