A short while ago, concerns have been raised as the Division has become employed as being a governmental Device to “deal with” departments that have not been “cooperative” to The federal government. Controversies are actually drawn to how the accounts from the Radio Tv Hong Kong happen to be audited.

The closing of the financial 12 months includes the preparing and audit of annual financial statements, along with the submitting of the tax return on kind BIR-fifty one.  

For accounting responsibility, you will need to Stick to the Hong Kong accounting standards to offer a “correct and truthful” perspective of your company’s financial condition.

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(Companies in Hong Kong are needed to maintain an AGM at the least as soon as inside a financial 12 months, with at the least one particular held within 9 months after the end with the financial 12 months.) 

Didn't conduct basic audit methods like acquiring bank confirmations but just issued modified audit thoughts to avoid suitable audit techniques

three.All information on this Internet site are supplied and current by respective bureaux / departments and associated organisations.

Nelson Lam Chi-yuen, the director of audit, on Saturday did not rule out on the lookout into other tertiary education and learning institutions Down the road, noting the commission was tasked with finishing up benefit-for-dollars reviews of all organisations that acquired general public money.

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May not provide the same volume of personalized attention and aid that a lesser, neighborhood accounting firm could offer.

The goal of auditing is to offer an unbiased and goal evaluation of a company’s financial statements and reports, and to ensure that These are accurate and trusted.

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Each day entries of all sums of money been given and expended with the company, and the issues in regard to which the receipt and expenditure occurred; and