Assurance
Hong Kong law requires companies to maintain financial records and engage CPAs for statutory audits. We deliver independent assurance that supports compliance and stakeholder confidence.
Our assurance services are delivered with the highest standards of integrity, scepticism, and discipline. Beyond issuing an audit opinion, we aim to strengthen your internal control environment, enhance transparency, and support informed decision‑making. Digital communication channels and process trackers enable transparent progress monitoring and minimise disruptions during the audit cycle.
What is External Audit?
An external audit is an independent examination of a company's financial statements conducted in accordance with recognised auditing standards. Its purpose is to determine whether the financial statements present a true and fair view of the company's financial position and performance. Through detailed testing, analytical review, and evaluation of internal controls, an external audit provides stakeholders — shareholders, management, lenders, and regulators — with confidence in the reliability and integrity of the company's reported information. For clients unfamiliar with the audit process, we ensure full transparency and guide them through each stage, making the requirements understandable and the overall process controlled and predictable.
What is "Other Assurance"?
Other assurance services involve independent evaluations of specific financial or non‑financial information outside the scope of a statutory audit. These engagements may include regulatory audits, special audits, capital verification, certification work, and agreed‑upon procedures. The objective is to provide a level of assurance — often limited or specific to certain areas — regarding the accuracy, completeness, or compliance of defined information. These services are especially valuable when organisations require verification for regulatory bodies, investors, or internal governance purposes, and they provide a focused, credible assessment without requiring a full statutory audit.
Audit
External Audit
- Statutory audits under IFRS & SME-FRS
- Individual & consolidated financial statement audits
- Group reporting package audits
Other Assurance
- Special/regulatory audits & capital verification
- Certification reports
Auditing is rooted in the belief that financial information must be reliable, transparent, and trustworthy.
The use of structured procedures, independent judgement, and evidence-based conclusions ensures that stakeholders, including owners, regulators, lenders, and employees, can rely on the financial information to make informed decisions. This philosophy is at the core of our assurance practice.
Common Audit Procedures
Audit procedures are designed to obtain sufficient and appropriate evidence to support an auditor's opinion. Although procedures may vary based on the company's nature and risk profile, the philosophy behind them remains constant: professional scepticism, independence, and evidence‑based verification.
- •Understanding the Business and Internal ControlsThe auditor begins by understanding how the company operates, how transactions flow, and what controls exist. This allows the auditor to identify where misstatements may occur and design audit procedures accordingly.
- •Risk AssessmentRisks of material misstatement are identified at both financial statement and assertion levels. Audit work then focuses on the areas that carry the highest risk.
- •Substantive TestingThis includes testing samples of transactions, reviewing supporting documents, verifying account balances, and confirming information with third parties. The goal is to verify that recorded amounts are accurate and valid.
- •Analytical ReviewAuditors analyse trends, ratios, and relationships within financial data. Unexpected or unexplained changes may indicate issues requiring deeper investigation.
- •Cut‑Off and Completeness ChecksKey procedures ensure that revenue and expenses are recorded in the correct period and that all required transactions are captured.
- •Evaluation of Estimates and JudgementsAuditors assess the reasonableness of management's assumptions for areas such as provisions, impairments, or fair value measurements.
- •Final Review and ReportingAll findings are evaluated to determine whether the financial statements are presented fairly. This forms the basis of the audit opinion.
