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Is confirmation required for the audit of a Hong Kong company?

Released Date: Aug 20,2022 Article Source: HUANZE

In order to facilitate international trade, many people set up companies in Hong Kong, but Hong Kong companies need to do audit reports every year. Today, I would like to share with you the certification matters that should be paid attention to in the audit report of Hong Kong companies.

In order to facilitate international trade, many people set up companies in Hong Kong, but Hong Kong companies need to do audit reports every year. I would like to share with you todayHong Kong corporate auditNeed to pay attention to the evidence of the report.

A normal Hong Kong company will open a corporate account at a bank to collect and make payments. But in doingHong Kong corporate auditThe auditor is required to certify these bank accounts. In addition, if a Hong Kong company opens an account in multiple banks, these bank accounts need to be verified.

For example: Hong Kong companyAAnd open an account with HSBC, OCBC Bank, DBS Bank to receive and pay, then inHong Kong corporate auditWhen the Hong Kong auditor will issue3A confirmation letter to be signed by the customer and mailed separately3An opening bank for confirmation.

Is confirmation required for the audit of a Hong Kong company?

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