Services > Audit and Assurance > Overview
Audit and Assurance
Statutory audits of financial statements are a legal requirement for every company incorporated in Hong Kong. The Baker Tilly Hong Kong audit approach aims to make an active contribution to our clients' businesses, as well as fulfilling our responsibility to report independently to shareholders on the financial statements. We view our clients' audits as a continuous process in which we provide professional advice throughout the year and alert clients to potential business opportunities, financial problems and technical issues.
Baker Tilly Hong Kong has developed a risk-based analytical approach to auditing. We review and assess the internal controls of client businesses, report weaknesses promptly, and make practical recommendations for improvement. Our training is designed to ensure that the audit process is managed with maximum efficiency and effectiveness. We are committed to adding value beyond the basic audit opinion, by maximising time spent analysing financial performance.
Baker Tilly Hong Kong understands that audits must meet each client's specific circumstances. We use a flexible audit process that begins by gaining a complete understanding of a client's business. We are then able to tailor our audit to each client's individual circumstances to provide something of value. plan our work to ensure that it is focused on those areas that are key to your business and will discuss with you any major changes that have occurred during the year. In this way, our staff do not perform tests that are of little or no relevance to those key areas. We use this data to tailor our audit to your business, making each annual audit different, seeking every year to provide something of value.
Our audit and assurance services cover:
- HK audit of public and private companies
- U.S. GAAP audits
- IFRS audits
- Auditing in China
- Other non-statutory audit and attestation services and forms of reporting
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