{"id":8881,"date":"2026-10-17T18:25:43","date_gmt":"2026-10-17T10:25:43","guid":{"rendered":"http:\/\/wpt7ye0j6r-staging.onrocket.site\/?page_id=8881"},"modified":"2026-10-17T23:33:27","modified_gmt":"2026-10-17T15:33:27","slug":"auditing-services","status":"publish","type":"page","link":"https:\/\/setuphk.com\/en\/audit-services\/","title":{"rendered":"Audit services"},"content":{"rendered":"
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Home<\/a> \u203a Audit services<\/p>\n\t\t\t\t\tTCSP licence TC009022<\/span>\n\t\t\t\t\t

Hong Kong Audit<\/em> Services<\/h1>\n\t\t\t\t\t

Limited companies need a yearly audit by a practising CPA, arranged by SetupHK.<\/p>\n\t\t

\n \t\t\t\n\tWhatsApp us\n<\/a>\n\t\t\t\t\t\n\tCall +852 3845 2888\n<\/a>\n\t\t\n<\/div>\n\t\t\t\n\t\tSee what you need to prepare\n\t<\/a><\/span>\n\t\t
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4.9\u2605<\/sub><\/b>123 Google reviews<\/span><\/p>\n\t\t\t\t\t

2014<\/b> years in business<\/span><\/p>\n\t\t\t\t\t

TC009022<\/b> Trust or Company Service Provider licence<\/span><\/p>\n\t\t\n<\/div>\n\n<\/div>\n\n<\/div>\n\n<\/section>\n

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Must a limited company be audited?<\/h2>\n\t\t\t\t\t

Yes. Companies must be audited yearly by a practising CPA, unless dormant under section 5.<\/p>\n\t\t

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Appoint an auditor every year<\/h3>\n\t\t\t\t\t

Each financial year, a company must appoint an auditor to audit its accounts.<\/p>\n\t\t\t\t\t

Companies Ordinance (Cap. 622), section 394<\/p>\n\t\t\n<\/div>\n

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Practising CPAs only<\/h3>\n\t\t\t\t\t

Only a practising CPA or CPA practice can act as a company's auditor.<\/p>\n\t\t\t\t\t

Companies Ordinance (Cap. 622), section 393<\/p>\n\t\t\n<\/div>\n

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Simplified reports must also be audited<\/h3>\n\t\t\t\t\t

A small private company may prepare simplified statements, but they must still be audited by a practising CPA.<\/p>\n\t\t\t\t\t

Section 359; Companies Registry FAQ no. 9<\/p>\n\t\t\n<\/div>\n\n<\/div>\n

\n \t\t\tSimplified reporting eligibility<\/span><\/span>\n\t\t
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Simplified reports still need an audit<\/h3>\n\t\t\t\t\t

A \"small private company\" meeting two of three tests in the table, with all members' written consent, may prepare simplified statements and a directors' report. Simplified reporting reduces disclosure, but the statements must still be audited.<\/p>\n\t\t\t\t\t\n\tWhatsApp us\n<\/a>\n\t\t\n<\/div>\n

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\n \t\t\tTotal revenue<\/span><\/span>\n\t\t\t\t\tNot more than HK$100 million<\/span>\n\t\t\n<\/div>\n
\n \t\t\tTotal assets<\/span><\/span>\n\t\t\t\t\tNot more than HK$100 million<\/span>\n\t\t\n<\/div>\n
\n \t\t\tNumber of employees<\/span><\/span>\n\t\t\t\t\tNot more than 100<\/span>\n\t\t\n<\/div>\n
\n \t\t\tIn addition<\/span><\/span>\n\t\t\t\t\tWritten consent of all members<\/span>\n\t\t\n<\/div>\n\n<\/div>\n\n<\/div>\n
\n \t\t\t\n\t\tMust a Hong Kong company be audited?\n\t<\/a><\/span>\n\t\t\t\t\t\n\t\tAccounting vs audit\n\t<\/a><\/span>\n\t\t\n<\/div>\n\n<\/div>\n\n<\/section>\n
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What do audit services include?<\/h2>\n\t\t\t\t\t

From accounts to audit report and tax filing, SetupHK follows up the whole process.<\/p>\n\t\t

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Year-end and accounts preparation<\/h3>\n\t\t\t\t\t

We write up and reconcile the books to the bank before the audit. Outstanding bookkeeping can be covered by our accounting service.<\/p>\n\t\t\n<\/div>\n\n<\/div>\n

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Financial statements<\/h3>\n\t\t\t\t\t

We prepare the profit and loss account and balance sheet for the auditor.<\/p>\n\t\t\n<\/div>\n\n<\/div>\n

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Arranging the audit<\/h3>\n\t\t\t\t\t

We pass the accounts to our partner CPA practice for audit.<\/p>\n\t\t\t\t\tLegal requirement<\/span>\n\t\t\n<\/div>\n\n<\/div>\n

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Following up auditor queries<\/h3>\n\t\t\t\t\t

If the auditor needs more documents or explanations, we follow up.<\/p>\n\t\t\n<\/div>\n\n<\/div>\n

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Audit report<\/h3>\n\t\t\t\t\t

We obtain the signed audit report for directors to review and sign.<\/p>\n\t\t\n<\/div>\n\n<\/div>\n

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Connecting to tax filing<\/h3>\n\t\t\t\t\t

We file the profits tax return with the audited statements.<\/p>\n\t\t\n<\/div>\n\n<\/div>\n\n<\/div>\n

\n \t\t\tWill SetupHK do the audit for me?<\/span><\/span>\n\t\t
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Will SetupHK do the audit for me?<\/b>Only a practising CPA can act as auditor, and must be independent. SetupHK prepares the accounts and statements, passes them to our partner CPA firm and follows up the whole process, so you need not find an auditor.<\/p>\n\t\t

\n \t\t\t\n\t\tAccounting services\n\t<\/a><\/span>\n\t\t\t\t\t\n\t\tTax filing services\n\t<\/a><\/span>\n\t\t\n<\/div>\n\n<\/div>\n\n<\/section>\n
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How are audit fees calculated?<\/h2>\n\t\t\t\t\t

Priced on turnover, accounts and complexity: pick four items for your WhatsApp quote.<\/p>\n\t\t

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Roughly what is the annual turnover?<\/h3>\n\t\t\n<\/div>\n\t\t\t

Higher turnover and more transactions widen the scope the auditor must check.<\/p>\n\t\t

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\n \t\t\tUnder HK$2 million<\/span>\n\t\t\t\t\tAnnual turnover<\/span>\n\t\t\n<\/div>\n
\n \t\t\tHK$2 million to HK$10 million<\/span>\n\t\t\t\t\tAnnual turnover<\/span>\n\t\t\n<\/div>\n
\n \t\t\tOver HK$10 million<\/span>\n\t\t\t\t\tAnnual turnover<\/span>\n\t\t\n<\/div>\n
\n \t\t\tNot sure<\/span>\n\t\t\t\t\tWe'll help you check<\/span>\n\t\t\n<\/div>\n\n<\/div>\n\n<\/div>\n
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Are your accounts ready?<\/h3>\n\t\t\n<\/div>\n\t\t\t

The auditor checks finished accounts and statements. If bookkeeping is not done, accounting comes first.<\/p>\n\t\t

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\n \t\t\tAccounts done<\/span>\n\t\t\t\t\tReady for audit<\/span>\n\t\t\n<\/div>\n
\n \t\t\tDocuments not yet booked<\/span>\n\t\t\t\t\tAccounting needed first<\/span>\n\t\t\n<\/div>\n
\n \t\t\tNot started<\/span>\n\t\t\t\t\tStart with bookkeeping<\/span>\n\t\t\n<\/div>\n
\n \t\t\tNot sure<\/span>\n\t\t\t\t\tWe'll help you check<\/span>\n\t\t\n<\/div>\n\n<\/div>\n\t\t\t

If books need doing first, we can quote with accounting services.See accounting services \u2192<\/a><\/p>\n\t\t\n<\/div>\n

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Does your company have any of these?<\/h3>\n\t\t\n<\/div>\n\t\t\t

These affect the auditor's workload. Select all that apply.<\/p>\n\t\t

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\n \n<\/div>\n\t\t\tFirst-year audit New company or first audit<\/sub><\/span>\n\t\t
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\n \n<\/div>\n\t\t\tHas inventory Stocktake required<\/sub><\/span>\n\t\t
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\n \n<\/div>\n\t\t\tRelated companies or overseas transactions Separate checks required<\/sub><\/span>\n\t\t
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\n \n<\/div>\n\t\t\tCompany is not trading Still audited unless declared dormant<\/sub><\/span>\n\t\t
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What is the company's year-end date?<\/h3>\n\t\t\n<\/div>\n\t\t\t

Year-end date sets the audit and tax deadlines.<\/p>\n\t\t

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\n \t\t\t31 March<\/span>\n\t\t\t\t\tCode M<\/span>\n\t\t\n<\/div>\n
\n \t\t\t31 December<\/span>\n\t\t\t\t\tCode D<\/span>\n\t\t\n<\/div>\n
\n \t\t\tOther months<\/span>\n\t\t\t\t\tMostly Code N<\/span>\n\t\t\n<\/div>\n
\n \t\t\tNot yet decided<\/span>\n\t\t\t\t\tWe can advise<\/span>\n\t\t\n<\/div>\n\n<\/div>\n\t\t\t

Pick a year-end date to see how far the 2025\/26 tax return can be extended.<\/p>\n\t\t\n<\/div>\n\n<\/div>\n