Statutory Reporting Review

Who it is for

Finance managers, controllers, and company secretaries preparing annual financial statements for private limited companies incorporated in Hong Kong — including subsidiaries of overseas groups that must lodge local statutory accounts.

Result you receive

A marked-up comment log against your draft pack, a short clearance memo for the board or audit committee, and a checklist of items still open before the Companies Registry filing. We do not replace your statutory auditor; we prepare the reporting pack so the auditor and company secretary meet fewer late surprises.

Scope included

• Cross-check of statement of financial position, profit or loss, and cash flows against trial balance extracts you provide
• Review of note disclosures against Hong Kong Financial Reporting Standards or the SME Financial Reporting Framework, as applicable
• Consistency check of directors’ report narrative with the figures
• Flagging of related-party, contingent liability, and going-concern wording that often triggers follow-up queries
• One clarification call (up to 90 minutes) after you receive the comment log

Scope excluded

• Full statutory audit opinion
• Tax computation or profits tax return preparation
• Bookkeeping or journal posting
• Representation before the Inland Revenue Department or Companies Registry

How we work

1. Intake — You send draft statements, prior-year signed accounts, and a brief on known open items.
2. Planning — We confirm the reporting framework, materiality thresholds for our review, and the target clearance date.
3. Review — Two reviewers examine the pack; findings are logged by priority.
4. Clearance — We walk through residual points and issue the memo once critical items are closed or formally accepted by management.

Duration and place

Most private-company packs clear in eight to fifteen working days after complete drafts arrive. Work is performed from our Wheelock House office with secure document exchange; on-site attendance at your premises in Hong Kong Island or Kowloon can be arranged for larger consolidations.

Preparation

Provide PDF and editable drafts, comparative figures that tie to last year’s signed set, and a list of post-balance-sheet events already known to management. Incomplete schedules extend the timeline.

Fee basis

Fixed fee based on entity count, reporting framework, and whether the pack is a first-time adoption or a recurring clean year. See the fees page for indicative ranges, then request a written quote.

Next step

Request a Statutory Reporting Review with your year-end date and current draft status.