Accounting Service

According to the provisions set out in the Hong Kong Companies Ordinance, companies that are incorporated in Hong Kong must maintain proper books of accounts and must also satisfy statutory audit requirements on an annual basis. LIK TIN Century Group and its Certified Public Accountants in Hong Kong assist companies with the compilation and submission of all financial statements, returns and forms that a Hong Kong registered company is required to submit.

Accounting Standards & Compliance in Hong Kong

Companies incorporated in Hong Kong are required to keep proper accounting records, which should reflect the true and fair position of the companies’ affairs, its financial performance and cash flow in compliance with Hong Kong Financial Reporting Standard. These accounts should give sufficient and reliable clarification of the company’s activities.

The accounting procedures should at least be carried out on an annual basis, whilst the first set of accounts may cover a period of not more than 18 months from the incorporation date of the company. Companies can adopt any date as their financial year-end and may prepare their financial statements in any currency. At the Annual General Meeting, the statement is presented to the company shareholders and submitted to the Inland Revenue Department or it may be retained for later submission.

Financial & Management Reporting

Audit of Financial Statements

Accounting Services

  • Establishment of Internal Accounting System
  • Bookkeeping Service
  • Compilation of Financial Statements
  • Audit Coordination
  • Tax Planning, Structuring & Filing
  • Cost Control
  • Risk Management