BVI Company audit

Some countries and regions (such as BVI, Cayman, etc.) have formulated some particularly loose policies to attract investors from all over the world to set up offshore companies in that country or region and to list in other countries or regions. It is the preferred choice for most multinationals to make corporate architecture arrangements. And the offshore company's shareholder information, the share ratio, the income condition and so on all have the high confidentiality right.
Regarding the audit of offshore companies' accounts, some governments of offshore companies require offshore companies to make annual tax returns. For example, in Hong Kong, tax returns must be made in accordance with the accounting standards. The audit will then be conducted by the Hong Kong CPA and the audit report will be issued. Some offshore governments do not require tax returns, but now bank of deposit, an offshore company, is more and more tightly regulated and subject to spot checks on offshore accounts, requiring offshore companies to improve their accounts. Provide audit reports audited by accountants. Therefore, the government does not require offshore companies to tax returns should also improve their own accounts, the annual standard audit, in order to ensure the normal operation of corporate accounts.

Information required

1. Bank statement;
2. Tax return;
3. Receipts and expenditures (including those for the last month of the previous financial year and the first month of the following year);
4. A copy of the purchase and sale contract;
5. Invoice documents;
6. Articles of association;
7. Recent auditors' reports;
8. Lease, etc.

Tax returns can be broadly divided into two steps: the first is entry and the second is auditor's report.
Entry: entry refers to the consolidation of monthly statements, invoices, receipts and payments, contracts and so on into a statement of cash flow, a statement of income and expenditure, and a balance sheet, which are checked one by one and legal tax arrangements are made.
Auditor's report: what is known in the country as the auditor's report