How much does a Hong Kong company audit cost, and what affects the fee?

The law does not set audit fees. Members fix the auditor's remuneration by resolution, or the directors do when making the first appointment (s.404). So the cost of a Hong Kong company audit is whatever the firm quotes for your year-end, and it follows the hours and risk involved.

Main drivers

• Scale and transaction volume. More invoices, bank accounts and staff mean more testing.
• Quality of records. Reconciled bank accounts and a tidy trial balance cut time; heavy corrections add it.
• Complexity. Inventory, fixed assets, foreign currency, related-party or director loans, group structure, revenue recognition.
• Risk. Going concern doubts, past qualifications, or limited controls.
• First-year audits. The auditor builds understanding and opening balance work.
• Timing. Peak-season work, or urgent deadlines imposed by banks.
• Other work. Bookkeeping or tax work bought from the same firm is separate and subject to independence rules.

Why quotes differ Two companies with the same revenue can be priced very differently, because the fee follows the work. A small company with clean records and few transactions needs fewer hours than one with stock, subsidiaries or loose records. Written quotes for your own year-end are the reliable way to compare.

How to get comparable quotes

• Give each firm the same information (revenue, assets, staff count, transactions, year-end).
• Ask what is included (stock count attendance, group reporting, board meetings).
• Ask how extra time will be charged.
• Avoid a price that is unusually low; check the firm's registration.

Pay for the audit in line with the engagement letter.