Audit Readiness for Hong Kong Companies: A Practical Guide
In Hong Kong, most companies are required to undergo a statutory audit, but smooth audit outcomes depend largely on how well financial statements and records are prepared before year-end. Audit delays and qualified opinions are often caused by weak close processes, documentation gaps, and misaligned audit, AGM, and tax timelines.
This guide explains audit readiness in the Hong Kong context, outlines the audit lifecycle in practice, and highlights what companies can do months in advance to ensure their financial statements are properly prepared and ready for audit.