Reported cases on unlicensed CPA increased by 7 times the Hong Kong police form a special unit to handle these cases.
Flexkin suggests client to avoid engaging unlicensed CPA/accounting firms. Annual audits should be handled by practicing CPAs. Otherwise, you need to face the risk of incorrect financial statements or lost of accounting records which will have a profound effect in future.
Please refer to the following article which highlighted the importance of qualified and quality accounting work, especially given Hong Kong’s reputation as an international financial centre.