We support and facilitate international schools to provide quality education services and to meet the demand of the community.

HOME / WHAT WE DO / Monitoring mechanism / Checking of audited accounts

Checking of audited accounts

International schools receiving Government assistance (including in terms of provision of premises and/or sites, as well as reimbursement of Government rent and rates), their incorporated companies solely for operating the schools and their school sponsoring bodies must be exempted from tax under section 88 of the Inland Revenue Ordinance (Chapter 112 of the Laws of Hong Kong).  They are required to submit their annual accounts to the Education Bureau.  The accounts must be audited by Certified Public Accountants (Practising) registered under the Professional Accountants Ordinance (Chapter 50 of the Laws of Hong Kong).  For guidelines on engagement of auditors, please see Education Bureau Circular.

The annual audited accounts to be submitted by the schools should comprise the School Supervisor’s Certificate, the Auditor’s Report and detailed financial statement on the operations of the school in prescribed formats.  The accounts should be signed by the Supervisors of the schools and the Auditors.