According to the Companies Ordinance, all companies incorporated in Hong Kong are required to audit their financial statements annually. Financial statements are accounting certificates prepared by a Certified Public Accountant (CPA) on behalf of a company to provide financial accountability to the company's stakeholders, while private companies are not required to publish their financial statements to the public.
The purpose of an audit is to express an opinion on whether the company's financial statements truly and fairly reflect the company's financial position and whether there are any material misstatements through an audit process from an objective perspective.
Information required for audit
Company financial statements, such as income statements, balance sheets, and spreadsheets
General ledger and detailed ledger
Invoices and vouchers
Bank monthly statement
Other contracts, agreements or agreements. Such as leases, etc.
Inventory list at year end date
