The extent to which the motion will greatly enhance general public rely on in the auditing and assurance standards along with the auditing profession.

But very first, we must do a summary in the accounting procedure in Hong Kong, because it is step one ahead of coming into the audit report.

The precise sorts of paperwork that companies ought to preserve for the objective of formulating precise financial statements is outlined within the desk down below. 

Not enough comprehensive evaluation in analyzing the complexity and hazard profile of potential PIE engagements just before accepting them

Report discovered Chinese University had not done ample to safeguard national protection, prompting a governing council member to convey it centered on ‘petty and trivial troubles’

“The coverage of our scrutiny is all-encompassing, bearing on each and every institution about its use of each dollar,” he stated. “When the situation warrants, We're going to check into the usage of public revenue in just about every element. The scrutiny handles all universities and tertiary establishments.”

Getting responses from the auditor and clarifying any queries or lacking documents to maintain the information submitted during the Financial Assertion.

PwC has faced authorized issues and controversies up to now, which could be a priority for clients who benefit steadiness and reliability.

As Together with the statutory audit, the audit of financial paperwork and auditor’s report for submission With all the PTR need to comply with the requirements established out during the CO and IRO. 

Dormant companies, companies included inside of a jurisdiction that don’t need audited financial statements, and Hong Kong branches of the overseas company are certainly not required to submit audited financial statements and an auditor’s report together with the PTR. 

Implications for clinical exercise or policy  Greater education and learning in recognition of early upper gastro-intestinal neoplasms and pre-ESD workup is required.

Various kinds of servicing procedures, and Emergency Controls may also be discussed During this module. Last but not least, Percy's discussions Along with the click for more info IS audit practitioner Offer you better insights on the future development of IS audit And just how IS audit support the recently emerged FinTech industry.

A2. The annual return of a community company or even a ensure company is required to become submitted along with Accredited real copies on the audited financial statements inside forty two times following the company’s return date.

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