Audit Work Flow Hong Kong Audit Chinese Audit

On boarding document

Preparation Required to prepare all set of on Not required to prepare all the on-
boarding documents. boarding documents. As per Cathey,
only need to prepare the ff:
Engagement letter
Bank confirmation Engagement letter
SMEFRS resolution Tax appoint letter
Tax appointment letter Questionnaires- only prepare Chinese
All Questionnaires ICE’s

Sending Send all on boarding documents to No need to send on boarding

client in pdf files through email. documents to client.
Send it together with Audit report, Tax
comp and other docs in zip file to
Cathey in PRC Working Group.

Pre- Audit

Outstanding list Prepare outstanding list for queries No need to prepare outstanding list.
with client and ask for supporting All documents are provided already in
documents (invoices/agreement/com the zip file given by Cathey or Curtis.
sec docs)

Confirmations Must prepare confirmations and send Must prepare confirmations and send
(Director/AR/AP/related together with outstanding list together with Audit report, Tax comp
party & etc.) and other docs in zip file to be send to
Cathey in the PRC Working Group.

Working schedules Supporting document: Bank Supporting documents:

K section- (Cash and bank confirmation reply must be obtained. Bank statement is sufficient as a
balances) Otherwise, issue Qualified Opinion supporting document.

After audit

Draft Audit report and Upload in basecamp for Brian’s To be send together with other docs
Tax computation review. and tax computation in zip file in PRC
Working Group for Cathey or Curtis
review.

After reviewed by Brian, send directly No direct communication with client.

to client for review and approval. Cathey or Curtis will send to client for
review and approval.