Audit – Statutory, Internal, Due Diligence Auditing Services
According to the Hong Kong Companies Ordinance, the annual financial statements of a Hong Kong Limited Company must be audited by a Certified Public Accountant (CPA) in Hong Kong for presentation in the annual general meeting to shareholders. Audited accounts are further required to be submitted, unless exempted to do so, for the yearly profits tax assessment by the Inland Revenue Department (IRD) of Hong Kong.
In today’s more integrated business environment, audit documents are no longer important exclusively to shareholders but a much wider range of interest groups, such as banks, creditors and strategic trade partners, so called stakeholders. Stakeholder information, reporting and disclosure is a critical undertaking for business management. Being able to meet stakeholders’ expectations begins with the completeness, accuracy, true and fair presentation of information in your financial statements and disclosures. The audit is key to sustaining confidence in an organisation and can positively influence stakeholder relations.
However, auditing services can be needed independently from governmental requirements. Our partnering Hong Kong CPA firms can take care of your internal audit or due diligence audit needs.
Mühler McKay can assist you and your business with the following auditing services:
- Arranging auditing services
Every Hong Kong Limited Company needs to prepare and file audited accounts, drawn up by a Hong Kong Certified Public Accountant (CPA). Mühler McKay can arrange auditing services for your business.
- Liaising with external auditors and annual audit schedules
We have long relationships with Hong Kong CPA firms and are able to liaise with the CPA on your behalf so that the audit requires less of your attention and the auditing services are smooth.
- Clarifying audit review queries
As part of our auditing services, we can clarify all audit review queries for you and your business, so that you are able to fully focus on your business.
- Due Diligence Audit and Valuation of Companies
We can arrange non-statutory auditing services such as company valuation and due diligence reviews, as an assessment of your business by investigating and identifying concealed issues and under-performing business units.
- Internal Audit and Operational Review
Internal audit is important in today’s business world, as only appropriate internal control can promote your business value and minimise risks that you and your business are exposed to. In the first step, Mühler McKay can assist to select auditing services by competent auditors proficient in carrying out internal audit for your business. In the second step, we can provide practical and professional advice and solutions in order to solve the issues.
- Supporting services
Mühler McKay also provides supporting services for business operations such as assistance with incorporation services / company formation services, advising on tax efficient legal structures for (groups of) companies (corporations, for instance a Hong Kong Limited Company, partnerships, branches, representative offices), bookkeeping and accounting services (according to Hong Kong principles) as well as audit arrangement, general corporate compliance like provision of company secretary services (in Hong Kong) as well as providing a registered address or virtual office in Hong Kong, obtaining obligatory registrations, permits and licenses, as well as employment advice, including Hong Kong work visa application and general guidance.
Whether you are a start-up, an established small or medium sized enterprise / SME, or a multinational group our objective is to help your organisation efficiently when it comes to auditing services in Hong Kong. Apart from arranging of auditing services, Mühler McKay offers comprehensive services which include arranging businesses and operations in a tax efficient manner in order to bring down your effective global tax rate, satisfy international tax compliance obligations and mitigate taxation risks.
We appreciate the opportunity to consult you in regard to our auditing services, like audit arrangement, etc. and to assist you with your business.
Please contact us or visit us in Hong Kong for your first consultation for our auditing services, like audit arrangement, etc.
Mühler McKay based in Hong Kong is a business advisory firm with worldwide reach and renders, among others, services in relation to auditing services to a diversified international client base from various industries and sizes.