Coverage of services by Cheng & Cheng Ltd and Other Companies can be viewed from the charts below with details explained in next pages:-

Scope of Our Services
[Provided by Cheng & Cheng Limited]

 

Assurance Work

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

 

Internal Control Review

C&C Advisory Services Limited specializes in corporate governance, internal control review, risk management, compliance, internal audit support, IT audit and advisory and other corporate advisory consultancy. Particular services include:-

  • Provide corporate governance assessment and compliance assistance and advice on corporate governance structure and policies and procedures
  • Internal control review for compliance of corporate governance/regulatory requirements, internal audits and other related purposes and internal controls due diligence for sponsors involved in pre-listing IPO engagements
  • Annual assessment of internal controls and advisory service on the establishment of effective internal control system
  • Assisting company to design and implement internal control system policies and procedures
  • Comprehensive business risks assessment and help clients to in proactively identifying, evaluating and managing significant risks
  • Implementation and assessment of Enterprise Risk Management (ERM) framework and risk control mechanism such as control and risk self assessment
  • Offer advice on regulatory and compliance issues and review policies and procedures on potential deficiencies for need of additional controls or changes
  • Outsourcing and co-sourcing of internal audit function and performance of internal audit projects
  • Review and assisting in setting up of internal audit function
  • Reviews of IT controls, business processes and information security, data quality and integrity, software asset management and IT project quality assurance
  • IT risk management and IT due diligence of systems and operations
  • Other value added business advisory services related to the above areas

 

Hong Kong Taxation

Hong Kong’s tax system is relatively easy to follow. Although, in saying this, the IRD has recently taken a more severe approach to inaccurate taxation records. A number of businesses have been put under full tax investigation.

We acknowledge that many clients require more extensive services than just auditing, so, we have two ‘specialist’ companies to help in meeting these needs. Each company is equipped with professional consultants experienced in specific taxation areas. They are an independent team separated from the teams carrying out assurance work, they are:

  • Cheng & Cheng Taxation Services Limited
  • Cheng & Cheng Consultancy Limited

The specialist areas these companies deal in are:

  • Compliance with legal requirements. For example, filing of tax returns
  • Tax planning
  • Tax field audit and tax investigation assistance
  • Appeal cases
  • Advice on all types of tax matters

 

Other Services

  • Liquidation and Receivership
    • Cheng & Cheng Limited also handles liquidation and receivership cases.
  • Assisting with Initial Public Offerings (“IPOs”)
    • Cheng & Cheng Limited assists clients in all aspects in relation to IPOs in Hong Kong especially the setting up of proper internal control systems, group restructuring and preparation of documents required by other professionals.
  • Consultation Services
    • At Cheng & Cheng Limited we recognize that our clients’ needs are often case specific and dynamic. We aim to use our broad spectrum of professional services to satisfy these needs.

 

Scope of Our Services
[Provided by Other Companies]

We can help arrange the following services through our independent affiliated Companies.

 

Accounting Services

Cheng & Cheng Services Limited, a separate Company equipped with rich experience senior/assistant managers and staff, provides various types of accounting services for clients.

The services are tailor-made to individual client’s needs.
Particular services include:-

  • Preparation of accountancy report for unincorporated companies; i.e. Partnerships and Sole proprietorships
  • Set up of accounting systems for firms
  • Bookkeeping services (on or off site)
  • Specialist knowledge of accounting software

 

Company Secretarial Services

Cheng & Cheng Corporate Services Limited, an independent-run Company, has a group of management and seniors and juniors with high qualification and rich experience in the field.

The Company specializes in incorporation of local and overseas companies. The company also assists in planning company structures and offers expertise and advice on all aspects of corporate administration.

A full range of required legal secretarial services provided to our clients are:-

  • Maintaining statutory records
  • Filing of statutory returns
  • Provision of a registered office
  • Providing nominee directors and shareholders

We are pleased to introduce the corporate services to you. For any inquiry, you are welcome to make direct contact with the following managers at their e-mails:-

 

If you need to meet the officers in person, their office is situated at the same building of Cheng & Cheng but on different floor at Room 1201, 12th Floor, Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong.