Our risk-based audit approach focuses on business drivers, the associated risks and potential effects on the financial statements.
Our BDO audit approach is applied consistently across our international network through the use of the BDO Audit Manual, which complies fully with International Standards on Auditing while adding supplementary guidance to address local statutory requirements. This sound audit methodology, together with our commitment to quality service, ensures that our audit work is conducted effectively and efficiently.
Our professionals' expertise is highly-diversified. This enables us to carry out audits on financial statements prepared under International Financial Reporting Standards (IFRS) and under generally accepted accounting standards in Hong Kong, China, USA, U.K. and other major jurisdictions.
BDO as an accounting network leverages local knowledge with international reach. As is evident by the use of a local firm name in conjunction with the acronym of BDO, we value the local knowledge, the local networking and the personal touch. This allows us to deliver, at each location, cohesive service, nimble and responsive, without a bureaucratic overlay yet with all the checks and balances to ensure that our clients are provided with high level of technical expertise.
BDO member firms are connected seamlessly through the BDO secure intranet E-connect, which allows us to communicate and share knowledge and best practices with other professionals located around the world.
Our well-established electronic platform enables us to effectively coordinate with the respective local offices and to centralize reporting at the office or country of client's preference.
Our directors invest significant time in developing strong relationships with the clients' management team and are ready to provide proactive support throughout the year.
The scope of our audits extends far beyond number crunching. We add value by looking at the facts behind the numbers and providing recommendations on our clients' operational and internal control procedures based on our findings.
For SEC clients, in complying with Section 404 of the Sarbanes Oxley Act, the management is required to evaluate and report on the effectiveness of the company's internal control structure and procedures for financial reporting in each annual report. Section 404 also requires the company to engage its auditor to examine management's evaluation and provide an auditor's attestation report in each annual report.
We provide attestation service and report on the management's assessment of the company's internal controls in accordance with the standards adopted by the Public Company Accounting Oversight Board.
BDO has extensive experience in assisting Hong Kong and Chinese enterprises in going public in Hong Kong, Singapore, USA and U.K.
We provide services in acting as reporting accountants. We are familiar with the process and understand the critical areas. This increases efficiency in resolving critical accounting issues and completing the audit.
Our pool of dedicated and committed professionals understand that time is of the essence and we work very closely with the management and the IPO team in meeting critical deadlines.
