Audit Services in Hong Kong
We provide statutory audit solutions for limited companies in Hong Kong. Trust Osome to take care of your entire company audit process and ensure your company meets accounting standards and compliance in line with government regulations.
How it works
Get an instant quote from us
Speak to our experts and provide basic documents for getting a quote based on your company's yearly revenue.
Submit documents
After confirming the audit engagement, we will collect your documents via the Osome platform to initiate the audit process.
Audit process starts!
We will process your company audit within the required timescales.
We take care of the reporting
Our auditor will prepare the audit reports, obtain your company director's signature and arrange tax reporting for you.
Audit and Tax Filing Requirements in Hong Kong
What is a financial audit and how does it work?
Every limited company in Hong Kong has to go through the annual audit process. Your financial statements have to be audited by an external, independent, registered Certified Public Accountant (Practising). The auditor would issue a relevant audit report in accordance with an applicable financial reporting framework.
What are the audit requirements for small businesses or SMEs in Hong Kong?
Here’s a list of documents you will need to provide for an audit:
- Income statement
- Statement of financial position
- Trial balance
- General ledger
- Bank statements
- Sales, purchase and expenditure invoices
- Agreements or contracts
- Corporate documents
What steps should I take to complete the audit for my company?
The audit reports have to be filed together with your Profits Tax Return (PTR) to the Inland Revenue Department (IRD). Typically, the government sends you the first PTR 18 months after your incorporation. That’s when you need to respond with the company's audit report, tax computation and PTR.
You can and should start preparing it earlier, though. Make sure you have chosen reliable accounting and auditing agencies to deliver the job.
It is required by the Hong Kong law that the auditor is an external and independent body, who is a Certified Public Accountant (Practising).
Make sure you check that the cost of the financial audit covers everything you need, and there won’t be any additional charges you haven’t discussed.
Hassle-free Audit Services
We handle all of the admin and paperwork, answer your queries quickly, and provide advice at every stage. Our audit services come at a flat fee, so no need to worry about any extra charges out of the blue.
Audit Pricing
Our audit pricing is generally based on your company’s yearly revenue. Pricing may vary depending on factors such as the business industry, primary activities or special requirements. To ensure you get a more accurate quotation tailored to your company, speak to our experts.
What’s your average annual revenue?
Get a quote for your audit
You are required to provide these documents for an audit quotation:
- Trial balance
- Income statement
- Statement of financial position
- General ledger
- Prior year audit report, if any
- Corporate secretary document
- TC006825
- Certified Public Accountants
- Chartered Secretaries
- Association of Chartered Certified Accountants
Profits Tax Return
Deadlines in Hong Kong
Based on your company's year-end date, take note of the deadline that your company needs to submit your Profits Tax Return with audit documents. Speak to our experts and get advice on when and how you need to start the audit process.
| Company year-end date | Standard deadline for submitting Profits Tax Return to the government (IRD) | Extended due date |
|---|---|---|
| April 1 - November 30 (N code) | May 2 in the next year | No extension |
| December 1 - 31 (D code) | August 15 in the next year | No extension |
| January 1 - March 31 (M code) | November 15 in the same year | January 31 in the next year for companies which suffered tax loss (application must be lodged on or before October 31) |
Trusted by Osome
entrepreneurs around the world
89% of customers recommend
Osome service
15,000+ Osome clients
worldwide
I'm very satisfied with their services, flexibility, and reactivity.
Yannick Andre Martial Guyot HK TALENTS Limited
Osome is reasonably priced and very convenient. I ended up signing my documents while I was on the metro!
Randeep Sudan Multivertz Pte. Ltd.
Everything was so seamless, it even looked like a fraud 😀 I didn’t have to go anywhere, I just use the web and mobile app to sign the docs.
Ivan Zeljkovic Evans Media Pte. Ltd.
I’m actually surprised they kept all their promises! I found Osome on Friday and on Monday morning everything was ready.
John Lim Artac Pte. Ltd.
Many accountants I reached out to either never responded or charged extortionate amounts of money. I joined Osome and I'm incredibly happy I did.
Pawel Wargan freelancer
They use the Osome app to gently nudge me to send in paperwork, and they provide me with regular updates and reminders regarding finances and filing deadlines.
Dave Wallace DW4DAYS Pte. Ltd.
FAQ
What is a financial audit?
A financial audit is conducted by an auditor to provide an opinion on whether financial statements (the information is verified to the extent of reasonable assurance granted) are stated in accordance with Accounting Standards. The auditor gathers evidence to determine whether the statements contain material errors or other misstatements.
Is an audit mandatory in Hong Kong?
Yes, all limited companies formed in Hong Kong, including those operating overseas, need to go through the annual process to audit their company accounts. This is a legal requirement for all limited companies in Hong Kong (according to Hong Kong Companies Ordinance and Inland Revenue Ordinance), so it's mandatory to file a Statutory Audit in accordance with the Hong Kong Financial Reporting Standards.
What does an audit involve?
The financial statements and accounting records would be audited by an independent CPA (Practising) supported by sufficient audit evidence for the CPA to give an audit opinion on whether financial statements (the information is verified to the extent of reasonable assurance granted) are stated in accordance with Accounting Standard and free from material misstatement.
What steps are involved when completing an audit for my Hong Kong company?
The auditor would start the audit by understanding the business of the company. Follow by collecting the documents as audit evidence such as invoices, goods delivery and receipt notes, sales and purchases contracts, purchase orders, sales orders, rental agreements, bank-in slips, bank statements, bank loan agreements, financial breakdowns to support the figures disclose in the financial statements. In addition, audit confirmation would be performed with a bank, account receivable and payables to verify year-end balances. Of course, some other auditing testing and audit procedures would be performed as well. Enquiries would be made to the management during the audit. The auditor would give an audit opinion in the audit report whether financial statements are fairly stated in accordance with Accounting Standards, and whether the statements contain material errors or other misstatements.
Who are the auditors?
An auditor is an independent Certified Public Accountant (Practising) registered in HKICPA, who is qualified to provide the audit services for companies in Hong Kong. An audit report would be prepared by the auditor and audit opinion would be given there based on their findings after completing the audit.
I didn’t find the answer to my question...
That’s alright! Let us know your question
