LogoOsome
Pricing
  1. Osome HK
  2. Accounting
  3. Audit Services

Hassle-free company audit services in Hong Kong

We handle all admin and paperwork, answer your queries quickly, and provide advice at every stage. Our audit services come at a flat, transparent fee, so there’s no need to worry about any unexpected extra charges.

Pricing
<i>Hassle-free</i>company audit services in Hong Kong
4,9
out of 5, based on 337Google LogoGoogle reviews
Five stars

Osome has a fantastic team and a well-structured process. The entire experience was incredibly smooth. I had the pleasure of working with Ezekiel, who proved to be fast, efficient, and incredibly helpful in addressing all my queries before and after the client onboarding process. I highly recommend their services.

Mikhail Elmas
Five stars

Excellent and smooth process with Osome. I am positively surprised. My friend who has been with them for more than 2 years referred them, and I see why; they are very clear with instructions, details, etc. Also, a very professional guy named Rane and a lady Kay provided outstanding help. So happy I found them :)

Nemanja Erdevički
Five stars

What's typically a daunting bureaucratic task, Osome made simple. I've opted for their Accounting and Auditing package, giving me full coverage so now I don't have to worry about a thing. Can't speak highly enough of their services for anyone contemplating starting a business.

Denis Vodišek
Why Osome

Comprehensive company audit services

  • Access to experts

    Access to experts

    You get access to an Osome expert who will answer your questions and give you guidance. Your app connects you directly an auditor — you'll never be left in the dark.

  • Simple app-based process

    Simple app-based process

    From the day you complete your incorporation, we become your one-stop provider that handles all your documents. All you have to do is attend to any app notifications, and our in-house team will handle everything in the Osome app.

  • An on-the-ground team

    An on-the-ground team

    Our company auditors are based in Hong Kong and know local business requirements like the back of their hands. We'll get your compliance up to scratch.

  • Convenient storage for  documents

    Convenient storage for documents

    All your company documents are stored in one, secure place which you can access whenever you need to.

What is a company audit?

Audit and tax filing requirements in Hong Kong

Financial audits in Hong Kong

Every limited company in Hong Kong has to go through the annual audit process. Your financial statements have to be audited by an external, independent, registered Certified Public Accountant (Practising). The auditor completes and sends the relevant report to the Inland Revenue Department according to their financial reporting framework.

Financial audits in Hong Kong

Audit requirements for small businesses or SMEs in Hong Kong

Here’s a list of documents you will need to provide for an audit:

  • Income statement
  • Statement of financial position
  • Trial balance
  • General ledger
  • Bank statements
  • Sales, purchase and expenditure invoices
  • Agreements or contracts
  • Corporate documents
Audit requirements for small businesses or SMEs in Hong Kong

Steps to take to complete your audit

The audit reports have to be filed together with your Profits Tax Return (PTR) to the Inland Revenue Department (IRD). Typically, the government sends you the first PTR 18 months after your incorporation. That’s when you need to respond with the company's audit report, tax computation and PTR.

You can and should start preparing it earlier, though. Make sure you have chosen reliable accounting and auditing agencies to deliver the job.

It is required by the Hong Kong law that the auditor is an external and independent body, who is a Certified Public Accountant (Practising).

Make sure you check that the cost of the financial audit covers everything you need, and there won’t be any additional charges you haven’t discussed.

Steps to take to complete your audit

What documents to provide to get a quote

You are required to provide these documents for an audit quotation:

  • Trial balance
  • Income statement
  • Statement of financial position
  • General ledger
  • Prior year audit report, if any
  • Corporate secretary document
What documents to provide to get a quote

Got questions? Chat with our local experts

Choose a convenient time to chat with our experts and get the answers you need to take the next step.

Got questions? Chat&nbsp;with our local experts
How it works

A simple, easy-to-understand audit process

  • Get an instant quote from us

    Get an instant quote from us

    Speak to our experts who will guide you on the necessary documents to provide for getting a quote. This will be based on your company's yearly revenue.

  • Submit documents

    Submit documents

    Once we've confirmed our audit services are a good fit, we collect your documents via the Osome app to start the audit process.

  • The audit and report

    The audit and report

    We process your company audit within the required timeline. Our auditor will prepare the report, get your company director's signature, and then arrange regular tax reporting for you.

Pricing

Audit plans suited to your business

Our audit pricing is generally based on your company’s yearly revenue. Pricing may vary depending on factors such as the business industry, primary activities or special requirements. To ensure you get a more accurate quotation tailored to your company, speak to our experts.

Mini

Annual revenue under HK$360k

HK$ 5,500billed annually
  • Osome software
    • Osome platform for documents submission and storage
    • In-built chat for quick communication with auditor
    • Calendar to track deadlines
  • Tax and filings
    • Audit report (Under HK SME-FRS)
    • Tax computation
    • Completed tax return
    • Profits Tax Return
What's included?

Starter

Annual revenue under HK$720k

HK$9,000billed annually
  • Osome software
    • Osome platform for documents submission and storage
    • In-built chat for quick communication with auditor
    • Calendar to track deadlines
  • Tax and filings
    • Audit report (Under HK SME-FRS)
    • Tax computation
    • Completed tax return
    • Profits Tax Return
What's included?

Booming

Annual revenue under HK$1,800k

HK$ 11,250billed annually
  • Osome software
    • Osome platform for documents submission and storage
    • In-built chat for quick communication with auditor
    • Calendar to track deadlines
  • Tax and filings
    • Audit report (Under HK SME-FRS)
    • Tax computation
    • Completed tax return
    • Profits Tax Return
What's included?

Rocking

Annual revenue under HK$3,600k

HK$ 15,750billed annually
  • Osome software
    • Osome platform for documents submission and storage
    • In-built chat for quick communication with auditor
    • Calendar to track deadlines
  • Tax and filings
    • Audit report (Under HK SME-FRS)
    • Tax computation
    • Completed tax return
    • Profits Tax Return
What's included?

Unicorn

Annual revenue under HK$7,200k

HK$ 21,750billed annually
  • Osome software
    • Osome platform for documents submission and storage
    • In-built chat for quick communication with auditor
    • Calendar to track deadlines
  • Tax and filings
    • Audit report (Under HK SME-FRS)
    • Tax computation
    • Completed tax return
    • Profits Tax Return
What's included?
Deadlines

Profits Tax Return
deadlines in Hong Kong

Based on your company's year-end date, take note of the deadline that your company needs to submit your Profits Tax Return with audit documents. Speak to our experts and get advice on when and how you need to start the audit process.

Company year-end date
Standard deadline for submitting Profits Tax Return to the government (IRD)
Extended due date
April 1 - November 30 (N code)May 2 of the next yearNo extension
December 1 - 31 (D code)August 15 of the next yearNo extension
January 1 - March 31 (M code)November 15 of the same yearJanuary 31 of the next year for companies that have suffered a tax loss (application must be lodged on or before October 31)
Testimonials

What our clients think about Osome services

Google Logo
4,9
337 reviews
Customer stories
“We saved a lot of time which we could reallocate to scaling our business”
Chris Lee & Ryan Black, Buddy Bites
“We saved a lot of time which we could reallocate to scaling our business”
Facts & numbers

91 %of customers recommend Osome services

Review

“Accounting, audits, and any raised question was resolved quickly and professionally — an exceptionally good service level!”

Arif Dewi

  • TC006825TC006825
  • Certified Public AccountantsCertified Public Accountants
  • Chartered SecretariesChartered Secretaries
  • Association of Chartered
 Certified AccountantsAssociation of Chartered
 Certified Accountants

FAQ

  • What is a financial audit?

    An auditor does a financial audit to give their opinion on whether financial statements follow Accounting Standards. They check the information to a reasonable extent to make sure it's accurate. The auditor collects evidence to see if there are any significant mistakes or errors in the statements.

  • Is an audit mandatory in Hong Kong?

    Yes, all limited companies formed in Hong Kong, including those operating overseas, need to go through the annual process to audit their company accounts. This is a legal requirement for all limited companies in Hong Kong (according to Hong Kong Companies Ordinance and Inland Revenue Ordinance), so it's mandatory to file a Statutory Audit in accordance with the Hong Kong Financial Reporting Standards.

  • What does an audit involve?

    A financial audit for Hong Kong businesses involves an auditor checking the company's financial records to make sure they follow the rules and standards known as Accounting Standards. They look at the company's money-related documents, like income and spending, to ensure they're accurate and meet the required standards. The goal is to provide confidence to both the company's management and external parties, such as investors or regulators, that the financial information is reliable. The auditor also examines if there are any mistakes or misleading information in the financial statements. The audit report may be submitted to the Inland Revenue Department to show compliance with financial reporting frameworks.

  • What steps are involved when completing an audit for my Hong Kong company?

    The auditor would start the audit by understanding the nature of the company. They then collect documents as audit evidence such as invoices, goods delivery and receipt notes, sales and purchases contracts, purchase orders, sales orders, rental agreements, bank-in slips, bank statements, bank loan agreements, and financial breakdowns to support the figures disclosed in the financial statements. In addition, audit confirmation would be performed with a bank, and account receivables and payables to verify year-end balances.

    Of course, other auditing testing and audit procedures will be performed as well. Enquiries will be made to the management during the audit. The auditor would give an audit opinion in the audit report whether financial statements are fairly stated in accordance with Accounting Standards, and whether the statements contain errors or other misstatements.

  • Who are the auditors?

    An auditor is an independent Certified Public Accountant (Practising) registered in Hong Kong Institute of Certified Public Accountants (HKICPA), who is qualified to provide audit services for companies in Hong Kong. An audit report is prepared by the auditor and an audit opinion would be given based on their findings.

  • How does pricing work?

    Our audit pricing is generally based on your company’s yearly revenue. We don’t charge on the number of transactions in your account or the number of invoices you upload.

    Pricing may vary depending on factors such as the business industry, primary activities or special requirements. To ensure you get a more accurate quotation tailored to your company, speak to our experts.

Ask your question
Resources

Fresh insights from our business blog

Better BusinessRead

The Entrepreneur's Guide to Offshore Company Setup in Hong Kong in 2024

Setting up an offshore company in Hong Kong has numerous advantages from favourable taxes to global market access. Osome’s guide walks through the process, benefits, costs, and the essential documents needed, making it a go-to resource for entrepreneurs looking to expand their operations offshore.

The Entrepreneur's Guide to Offshore Company Setup in Hong Kong in 2024
Better BusinessRead

How Machine Learning Can Help Tech Business Owners

In the dynamic landscape of the tech industry, machine learning has become a transformative force for Hong Kong business owners, offering unparalleled opportunities for growth, efficiency, and innovation. Learn more about it’s potential for your business.

How Machine Learning Can Help Tech Business Owners
Money TalkRead

How Profit Tax Exemptions Work for Hong Kong Companies

In Hong Kong, tax exemptions are applied to profits received from offshore funds. Here’s how to apply so your offshore company can benefit.

How Profit Tax Exemptions Work for Hong Kong Companies
Explore

Get expert tips and business insights

By clicking, you agree to our Terms & Conditions, Privacy and Data Protection Policy

We’re using cookies! What does it mean?