Recently, as the epidemic has dissipated, import and export trade has picked up greatly, so many trading companies have set up Hong Kong companies in Hong Kong, the international financial center in Asia. If you set up a business in Hong Kong, you must pay attention to the collection of financial institution documents. According to the requirements of Hong Kong Company Law, Hong Kong companies must conduct financial audit every year and present the audit report. And the quality of audit report will harm the financial risk of enterprises.

First, we need to understand that the financial audit of a Hong Kong company must present detailed initial documents to the auditor, among which the most important is the current statement of the bank account of a Hong Kong company (monthly statement). As the monthly statement of financial institutions is the third party direct evidence, it can accurately reflect the asset liquidity of Hong Kong companies. In addition, in order to better verify the authenticity and validity, the Hong Kong auditor will continue to carry out the verification process on the bank of the company in Hong Kong to verify the authenticity and validity of the bank account document account balance. However, if your Hong Kong company lacks bank account documents in the case of financial audit, the auditor will produce an audit report which cannot express an opinion. Moreover, if the missing bank account documents are not filled in the following year, all the suggestions in the audit report of the Hong Kong company cannot express an opinion, which will bring a high financial risk to the Hong Kong company. Therefore, if you have a Hong Kong company, be sure to store the bank statement of the Hong Kong company in detail.

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