The company audit fee in Hong Kong can vary significantly depending on various factors such as the size and complexity of the company, the scope of the audit, the reputation and expertise of the audit firm, and the level of services required. Typically, larger and more complex companies with extensive operations and transactions may incur higher audit fees compared to smaller, simpler businesses.
In Hong Kong, the company audit fee is usually calculated based on the time and effort required by the audit team to conduct a comprehensive review of the company’s financial statements and internal controls. The audit fee may also take into account additional services provided by the audit firm, such as tax compliance reviews or specialized consulting.
On average, the company audit fee for a small to medium-sized enterprise (SME) with straightforward financial records and fewer transactions could range from HKD 15,000 to HKD 40,000 or more per year. For larger companies or those with more complex financial structures, the audit fee could go beyond HKD 100,000 or even higher, depending on the circumstances.
It is essential for companies to obtain detailed quotations from several reputable audit firms before finalizing their selection. Comparing quotes and assessing the services offered can help businesses find a suitable balance between cost and quality.
Additionally, some audit firms may offer fixed-fee packages for specific services, while others may bill on an hourly basis. Companies should consider the firm’s experience, expertise, and reputation in addition to the audit fee to ensure they receive a thorough and professional audit that meets regulatory requirements and provides valuable insights into their financial health and operations.