Since the reform and opening up, our economy began to develop rapidly, and more and more state-owned enterprises began to conform with the world. In recent years, many state-owned enterprises have set up subsidiaries in Hong Kong. However, as state-owned enterprises are generally supervised by the State-owned Assets Management Commission, state-owned enterprises will face the review of the agency every year, which makes Hong Kong companies affiliated to state-owned units need to pay more attention to the issue of audit reports:

Item I: At the beginning of each year, the State-owned Assets Management Commission will audit the subordinate State-owned enterprises, and the established subordinate Hong Kong company is also within the scope of the audit of the State-owned Assets Management Commission. Therefore, the audit report of the subordinate Hong Kong company needs to be issued before the domestic audit, so the audit efficiency needs to be high.

Item 2: Because the domestic company will keep a set of accounting data, and once the audit report data adjustment, it will cause the audit report data and the company data can not match. State-owned enterprises, on the other hand, have to explain this kind of situation to the relevant departments, leaders, directors and auditors of the State-owned Assets Management Commission, which is very tedious.

Item 3: The State-owned Assets Administration Commission also attaches great importance to the opinions and descriptions of the audit reports of subordinate Hong Kong enterprises during the audit. If the opinions and descriptions of the audit reports do not meet the requirements, it will greatly affect the audit work of domestic companies.

In view of the above characteristics of state-owned enterprises, our company is designed to provide the following special services for such companies:

1.Provide door-to-door audit services, first of all can facilitate customer data processing, secondly can ensure the security of customer financial data, and can effectively accelerate the audit efficiency.

2.Conduct accounting processing according to the customer's book, provide enough original notes according to the customer to ensure that all financial data in the audit report is consistent with the customer's own data to the maximum extent.

3.For state-owned enterprises, we generally pay more attention to the characteristics of the audit report opinions and descriptions. When we conduct accounting treatment, we try to ensure that the audit opinions are consistent with customer expectations. During the audit, we will also communicate with the auditor according to the requirements of the client, so as to ensure that the opinions and descriptions of the audit report given by the auditor are in line with the actual situation of the client.

4.State-owned enterprises attach great importance to the audit adjustment. If there is any adjustment in the audit report, we will first communicate with the auditor according to the customer's requirements and try our best to avoid audit adjustment. When the auditor deems it necessary to make an audit adjustment, we will also give a detailed description and explanation of the adjustment part and give suggestions on accounting treatment in the future years.

The above are the audit characteristics of overseas Hong Kong companies affiliated to state-owned enterprises. If the responsible audit company cannot be found during the audit, it may fail to meet the audit of State-owned Assets Management Commission on time. Even if the audit report is obtained, it may fail to meet the needs of state-owned enterprises due to data, opinions, descriptions and other reasons, and even affect the relevant responsible person of the enterprise. Therefore, we need to pay enough attention to the audit of the Hong Kong subsidiary and entrust a professional audit company to conduct the audit.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.