Auditing In accordance with the Companies Ordinance (Chapter 32), ALL companies incorporated in Hong Kong are required to have an annual audit. While the Companies Ordinance lays down the obligations for companies, the Inland Revenue Ordinance (Chapter 112) also requires ALL incorporated companies to enclose audited financial statements together with the submission of a Profits Tax Return to the Inland Revenue Department. In performing the audit, we adopt a constructive approach and make every effort to maintain the effectiveness and efficiency of every case. Auditing services provided by Cheng & Cheng Limited are: Statutory auditing, in compliance with accounting standards and legal requirements; and Case specific auditing and reporting for:- Internal management system operations reviews Mergers and acquisitions Clients' specific requirements