1) Why we need auditing services in Hong Kong?
According to the Hong Kong Companies Ordinance, companies incorporated in Hong Kong need to prepare their financial statements and being audited by a Certified Public Accountants (Practising) annually.
2) When we need an annual audit?
Approximately 18 months after incorporation, Inland Revenue Department, HKSAR, will request each company for the preparation and submission of a Profit Tax return form. At this point each company will need to appoint an auditor to inspect the company's financial statements.