Comprehensive information about the CreateSmart Initiative (CSI) Fund and audit requirements for cultural and creative industries projects in Hong Kong.
The CreateSmart Initiative (CSI) provides funding support to projects in Hong Kong's cultural and creative industries. Understanding the requirements and audit process is essential for successful fund applications.
Government funding provided by way of grant to support cultural and creative industries development projects.
Locally registered institutions/organizations including academic institutes, industry support organizations, trade associations, professional bodies, research institutes and companies.
Applications are accepted four rounds per year through the computerized application system, with deadlines on the last day of March, June, September and December.
The CreateSmart Initiative (CSI) is a HK$300 million fund established by the Hong Kong SAR Government in June 2009, administered by the Cultural and Creative Industries Development Agency (CCIDA) to provide financial support for the development of creative industries in Hong Kong.
To ensure proper use of public funds, the CSI Secretariat requires audited account reports prepared by approved auditors. Understanding these requirements is crucial for project compliance:
The actual expenditure for external audit fees relating to the project can be included in the project budget, subject to the following caps:
Maximum $5,000
Maximum $10,000
Maximum $20,000
These fees cover external audit services conducted by qualified Certified Public Accountants (CPAs) who are registered under the Professional Accountants Ordinance (Cap. 50) and hold valid practicing certificates.
CSI Fund Experience
We have experience with CSI Fund applications and can provide guidance:
Application Guidance
We can guide you through the CSI Fund application process:
Ongoing Support
Support throughout your CSI Fund project:
Our team has experience with CSI Fund applications and can help you navigate the requirements:
We understand CSI Fund requirements and can explain the audit process and compliance obligations clearly.
Guidance helps you prepare correct documentation and maintain proper records from project inception.
We arrange for qualified auditors (not acting as auditors ourselves) and facilitate smooth communication with the CSI Secretariat.
Common questions about the CreateSmart Initiative Fund
Contact us today to learn more about CreateSmart Initiative requirements and how to prepare for a successful application.
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