Yes, the Hong Kong limited company audit requirement is mandatory. It will need a licensed auditing professional accountant to perform an audit and financial statement each year if it is trading. dormant companies are exempt from audits.

No, in Hong Kong an audit is a standard procedure that every company carries out. Provided the accounts are correct and are representative of the actual business transactions there should be no problem.

Hong Kong uses the FRS (Financial Reporting Standards Framework). It is moderated by the IFRS (International Financial Reporting Standards Framework)

HKICPA (The Hong Kong Institute Of Certified Public Accountants) is responsible for setting all auditing and financial statement standards in Hong Kong.

Auditors are required to hold the HKCPA (Hong Kong Institute of Certified Public Accountants) certifications to audit a company in Hong Kong. All Reachtop HSHK auditors are CPA accredited.