HKB Secretary & Consultants

Auditing & Accounting

Hong Kong Auditing & Accounting Services

Auditing & Accounting Services

Maintain accurate financial records and ensure statutory compliance through professional accounting and independent audit facilitation. Foundation for informed decision-making and business success.

Professional Financial Management

HKFRS
Compliant
CPA
Network
Legal
Requirement
24/7
Support

Statutory Compliance

Ensure adherence to Hong Kong Companies Ordinance and Inland Revenue Ordinance requirements for proper financial records.

Strategic Insights

Timely and relevant financial information for informed management decisions, strategic planning, and performance monitoring.

Enhanced Credibility

Professionally prepared and audited financial statements build trust with investors, lenders, suppliers, and customers.

Risk Management

Independent audits identify internal control weaknesses and provide improvement recommendations for better governance.

Comprehensive Financial Services

Comprehensive Accounting Services

  • Bookkeeping Services:
    • Systematic recording of all financial transactions
    • General ledger and subsidiary ledger maintenance
    • Bank and credit card reconciliations
    • Trial balance preparation
  • Financial Statements Preparation:
    • Statement of Financial Position (Balance Sheet)
    • Statement of Comprehensive Income (P&L)
    • Statement of Changes in Equity
    • Statement of Cash Flows
  • Management Accounting: Customized reports, budgeting, forecasting, and financial analysis
  • Payroll Administration: MPF contributions, tax returns, and compliance guidance
  • System Setup: Accounting software selection and chart of accounts implementation

Statutory Audit Requirements

Legal Requirement: All Hong Kong private limited companies must conduct annual statutory audits by independent Hong Kong CPAs under the Companies Ordinance.

  • Annual Audit Mandate: Independent CPA must audit financial statements annually
  • AGM Presentation: Audited statements presented to shareholders at Annual General Meeting
  • True and Fair View: Auditor expresses opinion on financial statement accuracy and compliance
  • HKFRS Compliance: Statements prepared according to Hong Kong Financial Reporting Standards
  • Tax Return Requirement: Audited statements required for Profits Tax Return filing with IRD
  • Independent Verification: External validation of company's financial position and performance

Audit Process Stages

1. Planning & Risk Assessment

Understanding business, industry, controls, and identifying key risk areas

2. Fieldwork & Testing

Audit procedures, document examination, inquiries, and analytical procedures

3. Review & Evaluation

Assessment of audit evidence and evaluation of findings

4. Opinion & Reporting

Formation of audit opinion and preparation of auditor's report

HKB Audit Facilitation Services

Independent Audit Requirement: Statutory audits must be conducted by independent Hong Kong CPA firms. HKB coordinates with reputable CPAs to ensure seamless audit processes.

  • Liaison & Coordination: Key point of contact between your company and independent auditors
  • Audit Schedule Preparation: Complete, organized accounting records and necessary audit schedules
  • Auditor Query Assistance: Address queries with clarifications and supporting documentation
  • Draft Review Support: Help review draft audited financial statements from business perspective
  • Process Efficiency: Streamlined communication minimizing operational disruption
  • Cost Control: Efficient preparation helps control audit costs and timelines

HKB Accounting Process

Initial Consultation

Discuss business activities, transaction volumes, systems, and reporting needs

Information Collection

Gather financial documents: bank statements, invoices, receipts, expense reports

Data Processing

Accurate and efficient processing using appropriate accounting software

Financial Reporting

Prepare draft financial statements and management reports for review

Finalization & Advice

Finalize accounts after approval and provide ongoing financial insights

Professional Accounting & Audit Benefits

  • Regulatory Compliance: Adherence to Companies Ordinance, Inland Revenue Ordinance, and HKFRS
  • Enhanced Credibility: Professional statements build stakeholder trust and confidence
  • Informed Decision Making: Accurate financial data enables sound strategic planning
  • Risk Management: Audit identifies control weaknesses and improvement opportunities
  • Improved Finance Access: Lenders and investors require audited statements for due diligence
  • Core Business Focus: Outsourcing allows concentration on growth and operations
  • Cost Effectiveness: Professional services more efficient than full in-house accounting
  • Integrated Approach: Seamless integration with other HKB corporate services

Build Your Financial Foundation

Accurate accounting and independent auditing are indispensable for business integrity and sustainable growth. Let HKB provide the professional support you need.