Transforming Hong Kong SMPs with groundbreaking Inspection and compliance methods.

Challenging traditional audit compliance strategies, AI platform empowers Hong Kong CPA practices in tackling AFRC inspections. Comprehensive consultancy, tailored training, and strategic collaborations redefine success for Small and Medium Sized Practices. Embrace the change.

Breaking News!

Practice Aid Manual Ready!

Practice Aid Manual ready

We have prepared an introduction deck to our Practice Aid Manual. Download it now to see what you have been missing out on!

Inspection preparation packages inclusive of our practice aid manual are now available until May 15, 2024.

About EQC

EQC Compliance Advisory (EQC) specializes in consulting CPA practices and financial institutions on AFRC inspections, investigations, complaints, and regulatory matters. Our services include inspection consulting, online and in-person training, monitoring, mock audits, quality management system design, anti-money laundering compliance, and general practice protection.

In just 3 years, EQC has consulted on 100+ inspection engagements and served 100+ small and medium-sized practices. Our expertise covers document preparation, engagement file selection, response to review reports, and addressing inquiries from institutes and regulators, backed by evidence of follow-up and remedial actions.

In June 2023, we have launched Audit Program 3.0, an innovative service that utilizes Artificial Intelligence, Machine Learning and Complex Coding to help CPA firms save up to 99.9998% of time costs in completing audit programs that comply with the latest auditing standards, including but not limited to HKSA 220, 315, 540, and HKSQM 1 and 2.

Inspection Preparation and Responses

Inspection Preparation and Response services help to elevate your Practice’s overall quality controls and procedures, and mitigate the potential business and compliance risks.

Our Services

Audit Program 4.0

AFRC Inspection

Technical Memorandum & Illustrative Working Papers

Monitoring Reviews & Cold File Reviews

TCSP Regulatory

SFO Regulatory

Industry News & Expert Tips

Auditing Impairment Losses of Goodwill Under Hong Kong Financial Reporting Standards: A Comprehensive Guide for Hong Kong Auditors

Auditing Impairment Losses of Goodwill Under Hong Kong Financial Reporting Standards: A Comprehensive Guide for Hong Kong Auditors Facebook Twitter LinkedIn WhatsApp Email The audit of impairment losses of goodwill is a complex and critical area in financial statement audits. As a Hong Kong auditor, you need to ensure compliance with the Hong Kong Financial […]

eqc.advisoryJune 22, 2023

Auditing Construction in Progress Under Hong Kong Financial Reporting Standards: A Comprehensive Guide for Hong Kong Auditors

Auditing Construction in Progress Under Hong Kong Financial Reporting Standards: A Comprehensive Guide for Hong Kong Auditors Facebook Twitter LinkedIn WhatsApp Email As an auditor in Hong Kong, you are well aware of the challenges that come with auditing complex financial statement line items like Construction in Progress (CIP). To ensure compliance with the Hong […]

eqc.advisoryJune 21, 2023

Auditing Contract Assets Under Hong Kong Financial Reporting Standards: A Comprehensive Guide for Hong Kong Auditors

Auditing Contract Assets Under Hong Kong Financial Reporting Standards: A Comprehensive Guide for Hong Kong Auditors Facebook Twitter LinkedIn WhatsApp Email The audit of contract assets is a critical aspect of financial statement audits, particularly for companies operating under the Hong Kong Financial Reporting Standards (HKFRS). As a Hong Kong auditor, it is vital to […]

eqc.advisoryJune 20, 2023

Auditing Accrued Expenses Under Hong Kong Financial Reporting Standards: A Comprehensive Guide for Hong Kong Auditors

Auditing Accrued Expenses Under Hong Kong Financial Reporting Standards: A Comprehensive Guide for Hong Kong Auditors Facebook Twitter LinkedIn WhatsApp Email Accrued expenses are an essential financial statement line item that requires careful scrutiny during the auditing process. As a Hong Kong auditor, it’s crucial to ensure compliance with the Hong Kong Financial Reporting Standards […]

eqc.advisoryJune 19, 2023

Auditing Exchange Reserves: A Deep Dive into Risks, Controls, and Procedures

Auditing Exchange Reserves: A Deep Dive into Risks, Controls, and Procedures Facebook Twitter LinkedIn WhatsApp Email The world of auditing is ever-changing, and as auditors, it’s imperative to stay ahead of the curve and be well-versed in the latest industry standards. One such area that demands our attention is the auditing of Exchange Reserves under […]

eqc.advisoryJune 18, 2023

Auditing Share-based Payment Expenses under Hong Kong Financial Reporting Standards: A Comprehensive Guide for Hong Kong Auditors

Auditing Share-based Payment Expenses under Hong Kong Financial Reporting Standards: A Comprehensive Guide for Hong Kong Auditors Facebook Twitter LinkedIn WhatsApp Email As a professional auditor in Hong Kong, you are well aware of the challenges posed by the ever-changing landscape of financial reporting and regulations. One such challenge is the auditing of share-based payment […]

eqc.advisoryJune 17, 2023

Transforming Hong Kong SMPs with groundbreaking Inspection and compliance methods.

Breaking News!

Practice Aid Manual Ready!