Here are the core administrative steps your company needs to participate in and cooperate with during the annual audit process:
Receive Deposit: The client pays the deposit for the audit service.
Sign Necessary Documents: The client signs the following preliminary documents to formally appoint our firm:
Provide Accounting Information: The client provides all complete accounting records, vouchers, contracts, and bank statements.
Cooperate with Reviews and Inquiries: Our firm will review the accounting information in detail and will raise questions and request additional supporting documents from the client from time to time.
Review Drafts: After the audit is substantially completed, we will draft and submit the following documents for the directors' review and approval:
Sign Final Documents: If there are no issues with the drafts, the client needs to arrange for the signing of the following final documents:
Receive Final Payment: The client pays the balance for the audit service.
Submit Tax Return: Upon receipt of the final payment, our firm will submit the signed tax documents to the Hong Kong Inland Revenue Department (IRD).
Once the audit is formally concluded, the directors can decide to:
