In accordance with Hong Kong Companies Ordinance a company limited shares registered in Hong Kong shall appoint Certified Public Accountants to conduct auditing every year. Auditing shall be completed in the 12th or 18th month of the first year of operation of the company and shall be prepared regularly every 12 months afterward.

According to Hong Kong Inland Revenue Ordinance requires every person carrying on a trade, profession or business in Hong Kong to keep sufficient records in the English or Chinese language of his income and expenditure to enable the assessable profits to be readily ascertained and shall retain such records for not less than 7 years. Failure to comply with the record-keeping requirements of Ordinance shall be guilty of an offence and will be subject to a maximum fine of HK$100,000.

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