published account 同普通account 有咩分別?

Published account = Director's report and financial statements/accounts. Under the new Company Ordiance 141D, those financial report is called financial statments NOT accounts. This is special for SMEs, no cash flow statement and no deferred tax would be provided. In the other hand, if apply Company Ordiance 141, which means applying full GAAP. Therefore, must disclosure cash flow statement and provide deferred tax. In addition, the financial reports which calls accounts too!

Published account = audited and signed by ceriified accountant with no material misstatment and misrepresentation by the audit field work. In addition, this must have a tax computation statement to show the adjusted profit/ (loss). If there has adjusted profit on the tax computation statement, the provision of tax payable must be provided on the disclosure notes, income statement for the taxation and tax payable on the balance sheet. This is the reason that 唔可以用公司的income statement/ balance sheet 做向外發表既disclose .

Published account not just for I.R.D., also for government bodies, supplier and creditors, bank, staff and interested parties etc etc....

For the company's income statement and balance sheet, which cannot show the statements to the public because they need an indepenent body to certifited to the public that these statements whtich are not providing any misstatement and misrepresentation to the public. The audit report must be objective, integrity and independent. In addition, if the financial statements is provided by the company, the pubilc would not trust perhaps people would think that the report has bias, mismaterial and subjective on them.