Audit

Compass Services

Audit Services

50% off for new customers

Under the Hong Kong Companies Ordinance, the annual financial statements of a Hong Kong limited company must be audited by a Hong Kong certified public accountant. The Inland Revenue Department (IRD) of Hong Kong also requires Hong Kong limited companies to submit profit tax returns and audited financial statements for tax assessment purposes.
Audit is also an important step to ensure that enterprises can adopt necessary and effective internal measures to help improve their business processes.
For enterprises, with reliable financial information about their operations, the organization can better understand its financial position and minimize costs as much as possible.
Our Value-Added Advantages:
  • Our goal is to gain an in-depth understanding of your business needs.
  • We provide practical audit recommendations to enhance future corporate governance and operational procedures.
  • We aim to ensure that your business’s financial statements comply with regulatory requirements.
Audit and accounting are indispensable in today's business world, as they contribute to the following aspects:
  • Compliance with legal requirements
  • Conducting appropriate planning to enhance financial stability
  • Future financial estimates and budgeting
  • Business performance evaluation
  • Detection and prevention of fraud
We can arrange the following additional non-statutory audit services:
  • Internal operations and internal control reviews
  • Fraud investigations
  • Due diligence reports for mergers and acquisitions

Audit fees

Audit service fees start from $1500. Get a free quote now.
Service Inquiry & Quotation

Tel：+852 6882 6593
Or Email：info@compass-cs.com

Audit Process Introduction

Our audit services follow professional standards to ensure rigorous and efficient processes:

  • Planning and Risk Assessment: Understand your business and identify key audit areas
  • Understanding and Testing of Internal Controls: Evaluate the effectiveness of the internal control system
  • Substantive Audit Procedures: Conduct detailed testing and analysis of transactions and account balances
  • Substantive Audit Procedures: Conduct detailed testing and analysis of transactions and account balances
  • Substantive Audit Procedures: Conduct detailed testing and analysis of transactions and account balances

For customers who have not yet establisheda company,please refer toCompass’s company formation plan.。

Documents Required for Audit
To facilitate the audit smoothly, please assist in preparing the following documents(supplementation may be required depending on specific circumstances)：
  • Financial Records: Complete general ledger, subsidiary ledgers, cash book, bank statements
  • Transaction Proof: Purchase and sales invoices for the whole year, important contracts, expense documents
  • Asset and Liability Proof: Fixed asset list, inventory list, loan agreements
  • Company Documents: Articles of Association, last year’s audit report, register of directors and shareholders
  • Other Records: Minutes of board meetings, leases, intellectual property certificates, etc.
Reference for Single/Specific Audit Service Fees
ItemService Fee (HKD)Remarks
Special Purpose Audit Report (e.g., Financing, Immigration)From HK$8,000Depending on report purpose and complexity
Internal Control Review ProjectFrom HK$10,000In-depth review of specific processes
Responding to IRD Local Audit/InquiriesFrom HK$1,000Depending on problem complexity and time required
Accounting Records Organization Service (Pre-Audit)From HK$1,000Assist in organizing messy accounts to meet audit requirements
Frequently Asked Questions