What Are the Audit Requirements for Hong Kong Companies?

All Hong Kong companies must submit audited financial statements with their Profits Tax Return. Key requirements include:

• Qualified Professional: The audit must be performed by a Certified Public Accountant (CPA) practicing in Hong Kong.
• Fair Representation: Financial statements and supporting documents must fairly reflect the company’s financial position.
• Complete Records: You must maintain accounting records, including transaction ledgers, bank statements, invoices, contracts, and documentation supporting income, expenses, and operations.

Additional rules:

• Records must be kept at the registered office or another location approved by directors.
• If records are maintained outside Hong Kong, updated accounts must be accessible in Hong Kong at least every six months.
• All accounting records must be preserved for at least seven years.