5 Essential Elements For audited financial statements hong kong

5 Essential Elements For audited financial statements hong kong

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Additionally it is essential to program forward and make sure that all documentation is prepared with the auditor to have a look at perfectly upfront of submission deadlines. As talked about above, financial statements need to be well prepared a couple of months beforehand from the PTR submission deadline, By way of example.

All Hong Kong companies (apart from dormant companies) are needed to prepare and file annual financial statements.

Nevertheless, remember to note that these figures use only to well timed payment of fees – in the event of delay, fines and an increase in the expense of point out fees are feasible. 

Hong Kong has a complex and ever-switching regulatory atmosphere, and it could be tricky for companies to keep up with all the most recent requirements, together with handle paperwork and prepare financial reports.

By way of example, if your business only wants help with bookkeeping and controlling business records in Hong Kong, then finding a small accounting supplier is the best option for the value.

in the situation of annual consolidated financial statements, give a legitimate and honest check out of your financial position and financial overall performance in the company and the many subsidiary undertakings as essential because of the CO. 

Accounting firms typically have access to sensitive financial facts, which may generate stability threats for your company. You ought to diligently evaluate the safety measures and protocols of one's selected firm to be sure their program is Safe and sound and protected.

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The company includes a staff of more than a hundred professionals, which includes 28 associates and senior administrators. The firm is headquartered in Central, Hong Kong and also has places of work in Shenzhen and Guangzhou.

 Any alterations have to be reported to Companies Registry by independent related notifications inside 14 times of their introduction. These modifications are: 

You're going to be suitable for an entire refund until finally two weeks check these guys out following your payment day, or (for programs that have just launched) until two weeks immediately after the primary session on the training course begins, whichever is later on.

By outsourcing accounting activities to a third party, you could have much less Manage above financial operations, which can be a priority if you want to preserve a high level of oversight over accounting and financial actions.

Accounting firms in Hong Kong keep a substantial number of energy. Accounting firms in Hong Kong are trustworthy by substantial-profile shoppers and some of them have been around for decades. They provide many services which have been beneficial to tiny firms and superior net worth folks alike.

Not critically evaluating whether or not the confirming events were being the ones who returned the confirmations by e-mail or fax