In the accounting of Hong Kong companies and in the audit of Hong Kong companies, the opinion of the audit report is the most concerned, then what are the opinion types of the audit report? We have already mentioned the audit report with unqualified opinion. Today we will introduce the audit report with unqualified opinion.

The circumstances under which a reserved opinion is generally issued in a company audit in Hong Kong are:

1.The first opening audit report exceeds18(b) issue a reserved opinion on the reporting period exceeding the Hong Kong requirement.

2.Bank deposits, cash, inventories and fixed assets are not counted and auditors will issue reservations because the true value of these assets cannot be obtained.

3.If there are subsidiaries and no consolidated statements are made, the auditor will also issue audit reports with reservations, because the value of the subsidiaries cannot be determined.

4.Audit reporting period exceeded12A month.

In the audit of companies in Hong Kong, it does not necessarily mean that the audit reports issued with the qualified opinion cannot be used. In fact, they are only slightly flawed compared with the unqualified opinion. The auditor will explain in the audit report which part of the reservation is but has not obtained relevant audit evidence. Only by fully understanding the audit reports of Hong Kong companies can we better reduce audit risks.

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