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Being one of the world’s leading financial hubs, Hong Kong is supporting a dynamic economy with nearly 1.5 million businesses in 2025, spanning agile start‑ups to global multinationals. As of January 2025, approximately 1,910 CPA firms and corporate practices were registered with the Accounting and Financial Reporting Council (AFRC)(1), the official regulator overseeing auditing firms in Hong Kong.

Choosing the right accounting firm is essential to ensure legal compliance, but also to manage costs strategically and support sustainable growth. In this article, we will discuss the top 12 accounting firms in Hong Kong, selected based on client reviews, reported data and financial industry metrics.

Understanding Hong Kong’s Accounting Standards

Operating a business in Hong Kong means adhering to one of the most respected and structured accounting regimes in Asia.

Key regulatory requirements

Hong Kong’s accounting and financial reporting practices are governed by a strong framework that promotes transparency and reliability. All companies incorporated in Hong Kong must comply with the Hong Kong Financial Reporting Standards (HKFRS), which are issued by the Hong Kong Institute of Certified Public Accountants (HKICPA).

These standards align closely with International Financial Reporting Standards (IFRS), ensuring global compatibility and investor confidence.

In addition, the Companies Ordinance (Cap. 622) requires companies to prepare financial statements that present a “true and fair” view of their financial position. Mandatory submissions include a balance sheet, profit and loss account, and disclosures of fixed assets, liabilities, retained earnings, and capital reserves.

According to the Accounting and Financial Reporting Council (AFRC), proper compliance not only avoids legal penalties but also helps businesses build credibility and maintain a strong financial standing in the eyes of partners and investors.

Challenges of compliance

While the regulatory requirements are clear, staying compliant can be difficult in practice. Many companies, especially small and medium-sized enterprises, struggle with complex standards, tight reporting deadlines, and frequent updates to the HKFRS.

Offshore and domestic businesses alike must track numerous financial metrics, prepare detailed documentation, and manage tax filings under strict timelines.

For multinational corporations operating across jurisdictions, cross-border financial consolidation can create additional burdens. These challenges can lead to costly errors or delays in filing, risking penalties or reputational damage. That’s why many companies rely on professional accounting firms to manage their financial reporting and compliance.

Engaging a trusted CPA firm in Hong Kong can significantly reduce risks and increase operational efficiency. These firms have the local expertise and regulatory insight to foster timely and accurate reporting.

Whether working with a big four accounting firm in Hong Kong or a second tier accounting firm, businesses benefit from audit readiness, insightful financial planning, and advisory support.

Firms that consistently rank in the top accounting firm ranking in Hong Kong help clients manage financial operations and stay compliant with HKICPA and AFRC guidelines. Choosing the right accounting company can also support long-term planning, from budgeting and tax optimization to preparing for funding or expansion.

Why hire an Accounting Firm in Hong Kong?

Benefits of using Accounting Firms in Hong Kong for businesses

Besides the main purpose of staying compliant with the Hong Kong accounting standards, using the accounting service has other significant impacts on your business.

Freeing resources and encouraging growth

By engaging a professional accounting firm in Hong Kong, you can save time and money compared to managing your accounting tasks in-house. An accounting firm can help you prepare financial statements, analyze your financial data, and provide valuable insights into your business performance.

You only have to pay one monthly service fee for access to the accounting expertise of an entire team, eliminating concerns about hiring costs and employee turnover, so you can save time and resources to invest in other areas of your business.

Many accounting firms in Hong Kong also offer business advisory services, such as strategic planning, risk management, and corporate finance. These services can help you make informed decisions about the future of your business such as expansion and hiring and preventing potential risks that could threaten or delay the success of the business.

Compliance with local laws and regulations

Hong Kong has a complex and ever-changing regulatory environment, and it can be difficult for businesses to keep up with all the latest requirements, as well as manage paperwork and prepare financial reports.

Accounting firms in Hong Kong are well-versed in reporting laws and financial statement procedures, so they can help you overcome any difficulties with the preparation of your report and make sure there will be no mistakes or errors that can affect your business’s standing.

Tax planning and optimization

Hong Kong has a relatively low tax rate compared to other jurisdictions, but there are still many opportunities for businesses to optimize their tax position.

An accounting firm can help you navigate the tax system and minimize your tax liabilities by identifying applicable tax breaks and exemptions. Professional accountants who understand Hong Kong’s regulations can make sure companies are getting the relevant tax rebates and expense deductions that they are entitled to.

If you’re planning to expand overseas, accounting firms shall use their deep understanding of international tax treaties to prevent issues such as double taxation, creating benefits for savings and deductions.

Some drawbacks of using accounting firms

Although working with professional accounting firms in Hong Kong has clear advantages, business owners should also consider a few potential drawbacks before fully outsourcing their financial operations.

Lack of control

Outsourcing to a CPA firm in Hong Kong may mean giving up direct oversight of daily accounting functions. This can be a concern for businesses that prefer close monitoring of their financial processes. Without full visibility, some owners may feel disconnected from key reports or timelines.

To address this, leading firms, both Big Four accounting firms in Hong Kong and second tier accounting firms, build high-tech systems of client dashboards, routine check-ins, and detailed reporting tools to maintain transparency and alignment.

Communication issues

External accounting teams, especially those not embedded in-house, can sometimes create communication lags. Different time zones, workflows, or expectations may cause delays or misinterpretations.

However, top-ranked firms in the audit firm ranking HK list now use integrated collaboration tools, dedicated client managers, and clear service-level agreements to enhance responsiveness and clarity in communication.

Security risks

Granting external firms access to sensitive financial data introduces risks if the firm lacks strong security protocols. Businesses should assess the firm’s data handling policies and technology infrastructure before engagement.

Reputable HK CPA firms follow AFRC and international best practices in data protection(e.g., achieving ISO 27001 certification), regularly updating their systems with multi-layered cybersecurity and secure client portals.

Despite these concerns, professional firms have developed robust solutions that prioritize control, communication, and confidentiality. When chosen carefully, an accounting partner can deliver not only compliance but also strategic insights that strengthen financial management.

What you should know about Accounting Firms in Hong Kong

With the abundant number of accounting firms in the Hong Kong market, finding the most suitable one can be quite difficult.

To identify which accounting service is right for you, make sure you have a basic understanding of the firms and the services available.

What does an accounting firm mean?

An accounting firm in Hong Kong is an entity providing accounting services to businesses, from preparing financial statements and annual returns to providing accounting advice and guidance.

To provide such a service legally, an accounting service provider must be licensed and adhere to the accounting standards set out by the Hong Kong Institute of Certified Public Accountants (HKICPA).

Types of Accounting Firms in Hong Kong

Commonly, accounting firms in Hong Kong can be divided into two distinct categories:

Full-service accounting firms

A full-service accounting firm offers a comprehensive range of accounting and financial services to its clients such as forensic accounting, business valuation, risk management, and information technology consulting.

These firms also have a team of professionals with diverse backgrounds and expertise, from certified public accountants (CPAs) and tax experts to financial analysts and business consultants.

Businesses can have their financial needs met in one place, rather than having to work with multiple service providers. This can save time, reduce costs, and provide a more holistic approach to financial management.

Specialty accounting firms

A specialty accounting firm provides specialized services focused on a specific area or niche of accounting and financial services. Some examples of specialty services include forensic accounting, tax consulting, business valuation, risk management, and information technology consulting.

The advantage is that businesses can receive highly specialized and tailored services that address their specific needs. For example, a company that is facing a complex tax issue in Hong Kong may benefit from working with a tax consulting firm that has extensive experience and knowledge in this area.

Similarly, a business that needs to evaluate the worth of its assets may benefit from working with a valuation firm that specializes in business valuations.

Services provided by accounting firms

A misconception about accounting firms is that they all provide the same kind of accounting service. However, accounting firms can provide services that depend on their size, areas of specialization, and the needs of their clients.

Here are some common categories of services that accounting firms in Hong Kong typically provide:

Accounting services

This includes bookkeeping, financial statement preparation, payroll services, and other services related to the maintenance of financial records.

Audit and assurance services

These services involve conducting an independent examination of a company’s financial statements to ensure they are accurate and comply with relevant accounting standards.

Tax compliance services

Accounting firms in Hong Kong can assist clients with complying with tax regulations, preparing tax returns, and providing tax advice.

Advisory services

This category of services includes financial planning, business valuation, risk management, corporate finance, and other services aimed at helping clients make strategic business decisions.

Company incorporation and secretarial services

Many accounting firms in Hong Kong can help clients incorporate a new company, manage ongoing compliance requirements, and provide other secretarial services.

Forensic accounting and investigation services

Some accounting firms specialize in providing forensic accounting services, which involve investigating financial fraud or misconduct.

Technology and digital services

With the rise of technology, many accounting firms in Hong Kong are now providing services related to digital transformation, such as cloud accounting, cybersecurity, and data analytics.

These are just some of the common categories of services that accounting firms in Hong Kong provide. The specific services offered by each firm may vary depending on their areas of expertise and the needs of their clients.

Which Accounting Firm ranks highest in Hong Kong? Discover the top 12 Accounting Firms

To help you make an informed decision on which accounting firm to engage with for your needs, here are the top 12 accounting firms in Hong Kong:

Top 12 Best Accounting Firms in Hong Kong
Top 12 Best Accounting Firms in Hong Kong

Big 4 Firms

When discussing the top-tier accounting landscape of this region, we begin with the Big Four accounting firms in Hong Kong: Deloitte, PwC, Ernst & Young (EY), and KPMG. These global powerhouses set the industry standard, and their presence is fundamental to the corporate ecosystem.

1. Deloitte Touche Tohmatsu

Deloitte is one of the most extensive professional services that have networks globally. The member of the big 4 accounting firms in Hong Kong provides a wide range of services, aiming to help its clients in various industries.

Known for its professionalism, quality of service, and deep understanding of the local business environment, making it a top of mind when thinking about choosing an accounting firm.

Pros:

  • Is the largest of the Big Four firms
  • High expertise in the technology, media, and telecommunications industries
  • Has global presence and expertise, allows it to provide comprehensive solutions to complex accounting issues for multinational companies
  • Quick to adapt to new technology and implementation of advanced analytics tools to improve the accuracy and efficiency of accounting processes
  • Provides a range of specialized services, famous for its risk management and consulting, that can be beneficial to businesses.
  • Provide added credibility and assurance to businesses that work with them.

Cons:

  • The cost may be relatively high, which could make their services cost-prohibitive for some smaller businesses
  • May not offer the same level of personalized attention and support that a smaller, local accounting firm could provide.

Who should choose this option?

Deloitte’s accounting services are primarily designed for large corporations with complex financial needs and significant financial resources. As a result, their services may be more suitable for clients with higher budgets and more complex accounting requirements.

2. PricewaterhouseCoopers (PwC)

PricewaterhouseCoopers (PwC) is another one of the big four accounting firms in Hong Kong, globally founded in 1998. They offer a wide range of services, including audit and assurance, tax consulting, financial advisory, and risk advisory.

They are known for the focus on technology and digital transformation, with cutting-edge solutions.

Pros:

  • The 2nd largest of the Big Four firms
  • Has a strong consulting practice
  • Has global presence and expertise, allows it to provide comprehensive solutions to complex accounting issues for multinational companies
  • Provides a range of specialized services, famous for its strong presence in the healthcare industry.
  • Apply digital solutions, such as artificial intelligence and blockchain, to help clients streamline their operations, reduce costs, and improve efficiency.

Cons:

  • As one of the top accounting firms, the price for hiring PwC is not cheap, especially for small companies with a tight budget
  • PwC has faced legal challenges and controversies in the past, which could be a concern for clients who value stability and reliability.

Who should choose this option?

Large corporations, international businesses, and companies expanding internationally are best suited to PwC services. However, thanks to its fame in consultant service, PwC is also an attractive option for start-ups and emerging companies if the fee does not play a vital role in the selection process.

3. Ernst & Young

Ernst & Young, also known as EY, is a multinational professional services firm that provides assurance, tax, transaction, and advisory services to businesses in various industries.

EY has a strong presence in Hong Kong and is one of the leading big four accounting firms in Hong Kong.

Pros:

  • One of the Big Four accounting firms
  • Provides a wide of accounting-related services, well-known for its transaction advisory services
  • Serve many industries, but most famous in the healthcare industry
  • Has a high-expertise workforce and global reach
  • Implementation technology in its service

Cons

  • As one of the big four, EY may not offer the same level of personalized attention and support to SMEs
  • The cost of the accounting service can be a high-end choice for some businesses

Who should choose this option?

EY’s accounting services can be beneficial for a wide range of clients, especially multinational corporations and global organizations that operate in multiple industries and geographies.

EY’s global reach, industry knowledge, and expertise in risk management and innovation can help these clients navigate complex challenges and stay ahead of the competition.

4. KPMG

KPMG provides diverse services for companies in various industries, the company is dedicated to delivering high-quality, practical solutions that help its clients achieve their financial goals.

Pros:

  • One of the big 4 accounting firms in Hong Kong
  • Has a strong presence in forensic accounting.
  • Has global presence and expertise, allows it to provide comprehensive solutions to complex accounting issues for multinational companies
  • KPMG is known for its work in the energy and natural resources sector while still being able to serve other industries.

Cons:

  • As one of the Big Four accounting firms, KPMG’s fees may be higher than those charged by smaller firms.
  • Due to KPMG’s large size and client base, some clients may feel that they do not receive as much personal attention as they would with a smaller accounting firm.
  • KPMG may have relationships with other companies that could pose conflicts of interest for some clients.
  • Due to KPMG’s large number of clients, they may not always be immediately available to address client concerns or questions.

Who should choose this option?

KPMG’s accounting services are suitable for larger corporations with complex financial needs, but they also offer services for small businesses and individuals.

Their expertise in tax and advisory services, along with their global presence, make them a recommended choice for multinational corporations and businesses with a significant international presence.

Mid-Tier and Regional Firms

Beyond the global reach of the Big Four, Hong Kong’s accounting landscape is supported by a class of mid-tier firms and prominent regional players. Firms like BDO, Baker Tilly, and Mazars occupy this space, providing a compelling alternative with a focus on specialized services for SMEs.

5. BDO Limited

BDO Limited is the Hong Kong member firm of BDO International, the fifth largest global accounting network. Established in 1981, the second tier accounting firm has grown to over 1,000 professionals and 60 directors. BDO offers audit, tax, advisory, and outsourcing services with strong regulatory knowledge and global connectivity.

Pros

  • Ranked among the top accounting firms in Hong Kong with wide industry recognition
  • Combines deep local expertise with the international resources of the BDO global network
  • Comprehensive services including statutory audits, HKFRS advisory, tax, and risk management
  • Serves a broad client base from listed companies to mid-sized enterprises

Cons

  • Fees may be higher than smaller second tier accounting firms in Hong Kong
  • Limited service flexibility during high-demand periods
  • Less suited for early-stage startups requiring highly customized advisory support

Who should choose this option?

BDO is well suited for mid-sized to large companies looking for a trusted CPA firm in Hong Kong. It is especially beneficial for businesses preparing for IPO, navigating complex cross-border operations, or seeking experienced advisory with a reasonable budget.

6. Mazars Hong Kong

Among the mid-tier firms, Mazars is a global organization that provides a wide range of professional services, including audit, accountancy, tax, legal, and advisory services. Presenting in 89 countries with a team of over 40,000 professionals, Mazars is an integrated and independent organization that can help businesses ease their accounting tasks.

Pros:

  • Have a long reputation for its auditing services
  • Deep native knowledge to help clients navigate through the complex regulatory environment
  • Takes a personalized approach to each client’s needs and goals, developing tailored solutions that are customized to their unique situation

Cons:

  • Mazars Hong Kong also have it fees relatively high since it also claims to be an international accounting service
  • For clients operating in Hong Kong or other regions in Asia, there may be cultural and language barriers to working with Mazars Hong Kong or other international firms. This can create communication challenges and may require additional effort to build rapport and understanding.
  • There may be differences in service quality or consistency across different regions or offices. This can create inconsistencies or gaps in service delivery, particularly for clients operating in multiple markets.

Who should choose this option?

Mazars is a versatile firm that can serve the needs of a wide range of clients in Hong Kong. However, the firm put a strong focus on serving SMEs in Hong Kong, offering services such as accounting and bookkeeping, tax compliance, and advisory services to help SMEs navigate the complex regulatory environment in Hong Kong.

They also have a specialized team of experts to serve the needs of multinational corporations (MNCs) and technology companies.

7. Baker Tilly Hong Kong

Baker Tilly is also a highly recommended candidate for the qualified accounting firm, providing global resources and expertise, while still maintaining a local focus.

With a team of experienced professionals and a commitment to providing high-quality services, Baker Tilly is a trusted 2nd tier audit firm in Hong Kong for businesses of all sizes.

Pros:

  • Takes a client-centric approach to its services, offering customized solutions to meet each client’s unique needs and goals.
  • Have a deep understanding of various industries, including financial services, real estate, technology, and manufacturing.
  • As part of the Baker Tilly International network, Baker Tilly Hong Kong has access to a wide range of resources and expertise from around the world.

Cons:

  • A limited workforce can limit its ability to offer accounting-related services
  • Some clients may find the firm’s tailored solutions and industry expertise to be overly complex or difficult to implement.

Who should choose this option?

Baker Tilly Hong Kong provides a range of accounting and advisory services that can benefit businesses across various industries, such as SMEs requiring expertise in accounting, financial reporting, and tax planning; start-ups seeking corporate finance services to manage risks and develop growth strategies; MNCs requiring cross-border transaction expertise; NPOs needing financial management and reporting guidance; and family-owned businesses requiring succession planning and wealth management services.

8. HLB Hodgson Impey Cheng Limited

HLB Hodgson Impey Cheng Limited is a Hong Kong CPA firm and member of HLB International, a top‑10 global network. Founded in 1983 and tracing its origins back over 200 years, the firm employs around 200–500 professionals.

Pros

  • Ranked among the top six firms auditing listed companies in Hong Kong, offering strong reputation in the audit firm ranking in Hong Kong.
  • Blends international capability and local insight through its HLB global network, supporting cross-border operations.
  • Provides a wide range of services: audit and assurance, tax, IPO advisory, corporate finance, restructuring and fraud prevention.
  • Emphasizes personalised service, tailoring solutions to fit both multinational listed firms and family‑owned businesses.

Cons

  • With a mid‑sized structure, it may not offer the scale or pricing flexibility of smaller second tier accounting firms in Hong Kong.
  • Potential resource constraints during busy audit seasons may affect scheduling flexibility.May be less suitable for ultra‑niche or early‑stage start‑up advisory compared to boutique providers.

Who should choose this option?

HLB Hodgson Impey Cheng is ideal for mid‑size to large enterprises seeking an experienced CPA firm in Hong Kong that combines listed audit experience with personal service. It suits organisations preparing for IPOs, operating regionally across Asia, or needing both audit assurance and strategic advisory.

Local Boutique Accounting Firms

Hong Kong’s entrepreneurial spirit is also fueled by a dynamic ecosystem of local boutique accounting firms. These smaller, independent practices, such as Lawrence Cheung CPA and Kenneth Chau & Co, specialize in providing highly personalized and comprehensive support to startups, local SMEs, and established family businesses.

9. Lawrence Cheung CPA

Lawrence Cheung C.P.A. Company Limited (“LCCPA”), a professional accounting business, was established in 1978 and is registered with the Hong Kong Institute of Certified Public Accountants under the Professional Accountants Ordinance. Nowadays, LCCPA is a top company of CPAs (certified public accountants) and business consultants offering a comprehensive array of services with a dedication to excellence across the board.

Pros:

  • A cost-effective solution for small businesses to outsource their accounting tasks
  • Having a strong background in Hong Kong accounting expertise
  • Focus on building long-term relationships with clients

Cons:

  • May not be suitable for those who prefer in-person support from a local accountant, as they primarily offer remote services
  • Have the limited capacity to take on new clients or handle larger projects, which may result in longer turnaround times or delays in service delivery.

Who should choose this option?

Lawrence Cheung CPA offers tailored accounting services for SMEs, startups, sole proprietors, non-profit organizations, and professional services firms to help them manage finances, comply with regulations and succeed in their respective industries.

10. Kenneth Chau & Co

Established in 1960, Kenneth Chau & Co. has a strong reputation and technical know-how of a group of Certified Public Accountants and Certified Tax Advisors. Their skilled staff has years of experience in delivering services in audit, taxation, and corporate secretarial & advisory.

Pros:

  • Specialized knowledge and expertise in managing financial information, tax laws, and regulations in Hong Kong
  • Although there is a cost associated with hiring an accounting firm, it may be more cost-effective than hiring a full-time accountant or bookkeeper.

Cons:

  • Have the limited capacity to take on new clients or handle larger projects, which may result in longer turnaround times or delays in service delivery.
  • Some clients may find the firm’s tailored solutions and industry expertise to be overly complex or difficult to implement.

Who should choose this option?

Kenneth Chau & Co offers accounting services suitable for small to medium-sized businesses, startups, large corporations, non-profit organizations, and individuals.

11. ShineWing (HK) CPA Limited

ShineWing (HK) CPA Limited is the Hong Kong member of ShineWing International, a top‑30 global accounting network. Founded in 2005 through a merger, the firm now employs around 300 in Hong Kong. It handles audits, tax, IPO advisory, corporate finance, and forensic accounting for regional and listed companies.

Pros

  • ShineWing is ranked seventh in terms of listed clients in Hong Kong.
  • Strong cross‑border capability, supporting mainland enterprises and Hong Kong-based listed firms in IPOs and H-share listings.
  • Various services, including statutory audits, internal control reviews, forensic accounting, restructuring, consultancy and capital markets advisory.

Cons

  • Less cost‑competitive than other local firms.
  • Resource constraints during busy periods could limit scheduling flexibility.
  • Service depth in niche advisory may not match specialised boutique providers focused on early‑stage or tech startups.

Who should choose this option?

ShineWing (HK) is ideal for mid‑to large enterprises looking for a well-regarded CPA firm in Hong Kong with strong audit credentials, especially those involved in cross-border operations or IPO preparation.

12. Zhonghui Anda CPA Limited

Zhonghui Anda CPA Limited, the exclusive Hong Kong member of ZHONGHUI Certified Public Accountants Co., Ltd., delivers audit, tax, advisory, corporate services, and forensic accounting. The firm has served over 50 Main Board and GEM listed clients, as well as SMEs and international subsidiaries, benefiting from its regional expertise across China, Taiwan, and beyond.

Pros

  • A full-service range including audit and assurance, pre-IPO advisory, tax planning, corporate secretarial services, and forensic investigation.
  • Staff hold multiple professional qualifications (HKICPA, ACCA, CICPA, ICAEW, CPA Australia, HKICS), demonstrating in‑depth regulatory and multijurisdictional knowledge
  • Experienced in handling listed companies and major IPOs, with strong local and regional networks across Mainland China and Taiwan
  • Forensic accounting services such as asset tracing, financial investigations, litigation support, and FCPA compliance advisory.

Cons

  • The firm faced a disciplinary reprimand from the HKICPA in early 2025, relating to audit shortcomings on a listed company engagement
  • As a mid-sized firm, it lacks the scale and flexibility of bigger accounting firms when it comes to pricing or advisory support
  • During peak periods, client demand may affect turnaround speed and dedicated resource availability.

Who should choose this option?

Firms preparing for IPOs, dealing with cross-border compliance in Greater China, or requiring investigative financial advisory will appreciate Zhonghui Anda’s integrated service model.

What factors should you consider when choosing an accounting firm in Hong Kong?

choosing an accounting firm in Hong Kong
4 Key factors when choosing an accounting firm in Hong Kong

The firm specialty

When hiring an accounting firm, you need to make sure that they have enough expertise in your industry. Though the accounting task might seem to be similar from the look of it, each industry can be slightly different from one another.

Let’s say a real estate business needs help with tax planning and financial reporting. If the business hires an accounting firm that specializes in healthcare, it may not be compatible.

The accounting firm may not be familiar with the specific tax regulations and financial reporting requirements that apply to the real estate industry, which could result in inaccurate financial reporting or missed tax savings opportunities.

Therefore, do your research to understand that the service you’re going to hire is the perfect match for your business to make sure your outsourcing method can be fruitful in the future

The level of involvement

Depending on your Hong Kong business, it is best to know the extent of involvement an outsource provider can help you with.

For instance, if your business only needs help with bookkeeping and managing business records in Hong Kong, then finding a small accounting provider is the best option for the price.

On the other hand, if you want a thorough service, finding a one-stop shop can provide you with many benefits not only for accounting-related needs but also can play a vital role in the strategy of your business in the near future.

The cost of service

The price of the service is another thing that needs to be considered carefully. Make sure to do research and look for references or testimonials to make sure that the value you get from the chosen firm is equal to the money you spend.

Your chosen firm should have transparent pricing with no hidden fees, so you don’t have to worry about blowing your budget.

Moreover, accounting firms may have different fee structures, such as hourly or fixed fees, and may charge additional fees for certain services or expenses. By discussing pricing issues upfront, businesses can avoid any surprises or misunderstandings about the cost of services.

The availability and responsiveness of the accounting firm

Accounting and reporting obligations are due on a specific date, and being late for this deadline could result in penalties and sanctions for your company. Thus, you need an accounting firm that is responsive and provides service in a timely manner.

Why BBCIncorp Is a Trusted Choice for Businesses in Hong Kong

At BBCIncorp, we provide a one-stop solution that goes beyond traditional accounting. Our integrated services cover company formation, business banking, accounting services, tax filing, audit coordination, virtual office, and compliance support—ideal for businesses that want simplicity without juggling multiple providers.

With over 8 years of experience, we have supported more than 9,000 global clients across 18+ jurisdictions. Our accounting services are delivered in collaboration with licensed audit partners to ensure full compliance with HKICPA and AFRC standards.

Our accounting services in Hong Kong include bookkeeping, financial statement preparation, profit tax filing, payroll support, and coordination with certified auditors. Pricing is transparent and adaptable based on your company’s activity and needs.

Whether you are just setting up or expanding into Hong Kong, BBCIncorp is your trusted partner for professional, efficient, and cost-effective accounting and business services. Don’t hesitate to get in touch with our team today for timely support.

To sum up

Accounting firms play a crucial role in helping businesses in Hong Kong manage their financial affairs, stay compliant with regulations, and achieve their long-term financial goals. With a wide range of services available, businesses can choose a firm that meets their specific needs.

In case you need to find out more about accounting firms for your business, feel free to discuss more with our team via service@bbcincorp.com for more practical advice.


References:

(1) https://www.hkicpa.org.hk/-/media/HKICPA-Website/New-HKICPA/Standards-and-regulation/SSD/06_New-and-major-stds/LCE/bc_lce.pdf

Frequently Asked Questions

What does an accounting firm do?

An accounting firm provides essential financial services such as bookkeeping, tax filing, audit coordination, and financial reporting. In Hong Kong, licensed CPA firms also help companies meet local compliance standards under the Companies Ordinance and Hong Kong Financial Reporting Standards. Top accounting firms often offer added support in payroll, advisory, and business structuring. Choosing the right partner lets your business stay compliant, save time, and improve financial clarity.

What is the best Big 4 accounting firm?

The Big 4 accounting firms in Hong Kong are Deloitte, PwC, EY, and KPMG. Each firm holds a strong presence in the city and ranks consistently high in audit firm ranking HK lists. While all four provide world-class audit, tax, and advisory services, the “best” choice depends on your company’s size, industry, and needs.

Some firms may focus more on banking and finance, while others are preferred for technology or IPO consulting. For smaller businesses or those seeking a more cost-effective approach, a reputable second tier accounting firm may be a better fit.

What is the average cost of hiring an accounting firm in Hong Kong?

The cost of hiring an accounting firm in Hong Kong depends on your company’s structure and activity level. Basic bookkeeping and tax filing services start from around USD 600 per year for smaller businesses. More comprehensive packages, including audit coordination, financial statements, and compliance support, range from US$900 to 2,000 or more.

Fees are generally higher with big four accounting firms and lower with smaller or second tier accounting firms in Hong Kong. It’s important to request a breakdown of costs and confirm whether audit and tax services are bundled or billed separately.

How to verify a firm’s credentials?

To verify a firm’s credentials, check if it is registered with the Hong Kong Institute of Certified Public Accountants (HKICPA) or regulated by the Accounting and Financial Reporting Council (AFRC). A licensed HK CPA firm should have valid registration numbers and professional certifications.

You can search the HKICPA directory or AFRC public database for confirmation. For audit firms, also review recent performance or complaints reported in audit firm ranking in Hong Kong publications. A credible accounting company should be transparent about its qualifications and happy to provide proof upon request.

Do I need an accounting firm if my company is dormant?

Yes, even dormant companies in Hong Kong must meet certain compliance requirements. While they are exempt from some filings, they still need to prepare audited financial statements unless specifically exempted. A qualified CPA firm in Hong Kong can help prepare and submit the necessary documentation while ensuring no compliance obligations are missed. Many second tier accounting firms offer affordable packages for dormant companies, making it easier to stay legally compliant. Hiring an accounting firm saves time and reduces risk of penalties, even when your company has no business activity.

Can foreign-owned companies use local accounting firms?

Absolutely. Foreign-owned companies can and often do use accounting firms in Hong Kong to manage local reporting, tax filing, and audit preparation. A reputable CPA firm Hong Kong understands cross-border compliance and can support clients in multiple jurisdictions. Many accounting companies also offer multilingual support and digital platforms to serve international clients effectively.

Disclaimer: While BBCIncorp strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact BBCIncorp’s customer services for advice on your specific cases.

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