How we work

Multi-entity consolidation audits follow a rhythm set by your reporting calendar, not by a product onboarding flow. Below is how a typical Appinfraconnect engagement runs from first call to signed opinion.

1. Scoping & independence

   You send an entity map, ownership chart, and year-end date. We check independence, identify significant components, and draft a fee range. A short call clarifies whether management prepares the consolidation pack or relies on an external accountant.

2. Engagement letter

   We issue a letter covering responsibilities, framework (HKFRS / IFRS), group materiality approach, and component auditor arrangements. A deposit may apply on first-year files. Work starts when the letter is signed and opening information is received.

3. Planning & group instructions

   The consolidation manager sets group materiality, drafts component instructions, and schedules interim visits. Related-party and elimination risks are listed before any substantive testing begins.

4. Fieldwork on eliminations

   We test intercompany sales, unrealised profits, reciprocal balances, and foreign currency translation. Material components are visited or coordinated with local auditors. Findings are cleared with the group controller in writing.

5. Consolidation opinion & reporting

   The engagement partner reviews the group file, finalises the auditor’s report on the consolidated statements, and issues a management letter. Board presentation available on request for Sheung Wan or Central meetings.