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What information should be provided to the auditor during an audit of a Hong Kong company?

Released Date: Jun 12,2021 Article Source: HUANZE

The audit of a Hong Kong company is one of the conditions for the normal operation of a company. The audit of a Hong Kong company can not be completed simply by providing monthly bank statements, so the risk of the audit report issued will be relatively high. Today, we will talk about the commonly needed information.

The audit of a Hong Kong company is one of the conditions for the normal operation of a company. The audit of a Hong Kong company can not be completed simply by providing monthly bank statements, so the risk of the audit report issued will be relatively high. Today, we will talk about the commonly needed information.

I. Bank statement

Because the auditors in Hong Kong usually collect relevant information based on the bank's current statement. For bank collection, if it is income, it needs to provide the income invoice; if it is investment, it needs to provide the investment agreement; if it is collection on behalf, it needs to provide the collection agreement and so on.

For the part of bank expenditure, if it is cost, the customer needs to provide cost invoice; if it is cost, the customer needs to provide cost invoice; if it is personnel salary, the customer needs to provide personnel payroll, which contains personnel name, personnel ID number, address and other information.

Ii. Company annual inspection data and registration data

Of course, the audit materials of a Hong Kong company are far more than these. The more complicated a company's trade is, the more abundant materials are required. Therefore, when conducting an audit of a Hong Kong company, it is possible to communicate with the auditor in advance, so that the auditor can fully understand the company's business model, and the auditor can inform in advance which materials need to be prepared, so that the results can be doubled with half the effort in the audit process.

What information should a Hong Kong company provide to the audit?

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