The type of audit that we concern here is the audit of financial statements because it is mandatory for every company incorporated in Hong Kong;
The goal of an audit is to express an opinion on the financial statements prepared by the company; whether the information on the financial statement is free from material error;
As for this reason, the audit of financial statements has to be performed by an independent and competent person known as auditor or accountant, who then issue an auditor’s report based on the results of the audit.