Licensed Corporation Audit

 Auditors of SFC licensed corporations are required to carry out compliance audit alongside the standard Company Ordinance annual audit. Our professional services extends to all licensed corporations. Currently, we have over 30 licensed corporations clients with various types of licenses (e.g. Type 1, 2, 4, 6, and 9). We offer competitive price to perform a wide scope of services which we can tailor to meet your special needs. In addition, we also have a recognised and experienced CPA firms where team members have had Big 4 background to perform licensed corporation audit.

General

What issue will you encounter regarding to licensed corporation?

 In your daily operation, you will run into various accounting and compliance issues. We have a group of professionals who have extensive experiences in the industry to assist you with matters such as, compliance of accounting and financial reporting standards, bookkeeping, tax computation and filing, SFC annual documents submission, etc.

 How we can help for licensed corporation?

• Advise on accounting/bookkeeping issues for fund houses and brokers;
• Liaise with auditors on their request to complete annual audit smoothly and timely;
• Engage our specialised tax expertise to assist for tax filing for licensed corporations; and
• With the help of our experienced professions, we strive to commit the SFC filings in due course.

 

On going SFC compliance

What issue will you encounter regarding to licensed corporation?

 You will be obligated to submit compliance documents to the SFC on a regular basis (e.g. Financial Resources Returns “FRR”, BRMQ, etc). Our team has in-depth knowledge in SFC Ordinances to help you comply with your periodic filings, so that you can allocate more of your time and resources to other value-added activities to enhance your operation.

 How we can help for licensed corporation?

• Assist in the periodic filing for FRR and constant monitoring of your financials to keep up with requirements to maintain Liquid Capital;
• Help your preparation of BRMQ, Account Disclosure Document, and other periodic reporting documents; and
• To keep you up with the latest development per SFC guideline and provide ongoing monitoring advices on all relevant compliance issues.

 

Special requirements from regulating body

What issue will you encounter regarding to licensed corporation?

 In recent years, the development to strengthen corporate governance and Environmental, Social and Governance (“ESG”) has been a pivotal step taken by the SFC to enhance the quality and transparency of licensed corporations in Hong Kong. You might receive ad-hoc requests and/or queries from regulating body on compliance review on specific aspect of your operation (e.g. AML, Valuation Policy, Firm-wise internal control, etc). With our vast experiences in the industry, we have a team of professional to help identify root cause and provide timely report to address all the enquiries you received from regulating body.  

 How we can help for licensed corporation?

• Periodic health-check in respect of the set-up of a strong internal control environment in compliance of the SFC code;
• Perform annual review on valuation policy for fund managers in accordance to Fund Manager Code of Conduct;
• Help integrate Environmental, Social and Governance Factors and Climate Risks into the operation of fund manager and provide advices on disclosure in compliance of Management and Disclosure of Climate-related Risks by Fund Managers required by Fund Manager Code of Conduct; and
• Perform independent review on ad-hoc basis as requested by SFC.

 

 

For further query, please contact us by +852 6816 8938 or by email. We will contact you shortly. All information will be handled in strictly confidential manner.