Audit and Accounting

According to the Companies Ordinances Section 122, the annual financial statements of a limited company incorporation in Hong Kong is required to be audited by a qualified accountant with a practicing certificate issued by the Hong Kong Institute of Certified Public Accountants. 

Besides, one of the statutory requirements under the Inland Revenue Ordinance states that a limited company incorporated in Hong Kong has to submit its profits tax return together with the audited financial statements. 

As business grows more complex, and the speed of change increases, we recognize that advice on a range of strategic and technical issues, financial transactions, and growth opportunities is equally as important as our core assurance services. We focus on understanding your business issues and processes, so as to giving you the opportunity to gain wider assurance from the audit. Management also benefits from new insights and ideas to address current and future risks more effectively thereby helping them to improve performance. 

With our experience in local and international laws and regulations, we can assist you with all the important obligation of meeting the reporting requirements. As an agency, our collaborative audit specialists will examine your accounting records and financial statements to give you an independent opinion on reports to the shareholders, directors, trustees and others. 

Taxation

All persons carrying on business in HK are required to keep sufficient records of their income and expenditure to enable their assessable profits to be readily ascertained. There are statutory requirements to record certain specified details of every business transaction. Business records must be retained for at least 7 years after the date of the transaction to which they relate. 　 　　
　
We provide the following services:
– Preparing annual, quarterly or periodic accounts
– Preparing monthly account receivables and payables
– Preparing annual financial statements
– Assisting to build an accounting system

Accounting

According to the Inland Revenue Ordinance Section 51C that every person carrying on a trade, profession or business in Hong Kong has to keep sufficient records in the English or Chinese Language of his income and expenditure to enable the assessable profits to be readily ascertained. 
In order to minimize the operating costs and achieve a higher level of financial management requirement, many small-to-medium-size companies (SMEs) usually subcontract its accounting work to experienced professionals.

We provide the following services:

• Preparation of voucher and data input into the computerized accounting system
• General ledger, Cash account, Bank Account, Account receivable and Accounts payable
• Preparation of financial statements including balance sheet and income statements

Incorporation

We provide incorporation services in various countries, including China, Hong Kong, Macau as well as other offshore countries.

Company Secretary

According to the Companies Ordinance, every Hong Kong incorporated private company should appoint a company secretary where it can be acted by one of directors unless there is only one director. The company secretary may be an individual of a resident of Hong Kong or may be a Hong Kong incorporated private company. Company secretaries are not the secretary of directors or executives. 　

Company secretaries are responsible to ensure an organisation complies with relevant legislations and regulations where they include: 

– Filing of statutory annual return
– Organising the company’s board meetings and annual general meeting
– Preparation of documents for changes of directors/shareholders
– Managing transfer of shares and dividends payment
– Maintaining the registered office
– Maintaining and updating of statutory books and records

Corporate Management

Professional Services
We provide a series of professional services, including Company Secretary, Taxation Services, Notarization Services, Financing, Accounting and Audit.

Trademark and Patent Registration

We provide trademark registration services. It helps your company to protect goods and services so that the goodwill and image can be ensured.

Trademark

A trade mark is a sign which is capable of distinguishing the goods and services, and it can build up both goodwill and image on its good or services. A trade mark which can be expressed by words or drawing are allowed to be registered. Upon registration of your trade mark, you can enjoy exclusive right over the use of your trade mark on the goods and services for which you haved applied. Also, a trade mark can protect your goods and services by preventing others from pretending to be your goods and products, as a result, the goodwill and image can be ensured.

Internal Audit and Advisory

Building a sound internal control framework is always crucial for maintaining efficiency and effectiveness of your business especially when it is expanding and growing in a fast pace. According to the Listing Rule, a listed Company should at least annually conduct a review of the effectiveness of its system of internal control and report to shareholders in the Corporate Governance Report. We work with audit executives, management and audit committees at companies of virtually any size, public or private, to assist them with internal audit activities.

Our internal audit approach is standardized yet flexible to accommodate our clients’ specific needs.

Our services include:
-Internal Audit and High Value/ Operations Audit
-Business Process Re-engineering
-Process Flow Documentation
-Due Diligence
-Pre-IPO internal control review
-Fraud Investigation
-Internal Audit Quality Assurance Reviews
-Financial Controls & Sarbanes-Oxley Advisory
-HK Listing Corporate Governance Advisory

Business Consulting

We provide advice to clients in formulating the best corporate structure and to preparation of shareholders agreement to protect his/her interests when doing business in a partnership or joint venture.
 
We can also assist our clients to increase profitability and reduce cost by improving their operating systems. Being the auditors of clients in a vast range of industries, we have extensive and in-depth knowledge in the operations of different industries. Therefore, we are able to advise and assist our clients in designing the most cost effective and efficient operating systems. By conducting performance reviews, such as Return on Capital Employed review, of individual product lines and investments, we assist the management to formulate the most appropriate resources allocation strategy to achieve profit maximization. And by assisting our clients in implementing adequate cash flows controls, credit controls on accounts receivable and inventory management, tied up working capital can be released and be used in a more productive way.

Document Processing

In order to save the costs of overseas’ clients in running an office in Hong Kong, we provide the services like preparation of declaration documents, handling of letter of credit payment procedures etc.