BUD Fund Audit Support

BUD Fund Audit Support

Introduction to the BUD Fund
The BUD Fund (Dedicated Fund on Branding, Upgrading, and Domestic Sales) was established by the Hong Kong Special Administrative Region Government in 2012 to assist local enterprises in enhancing brand value, driving technological upgrades, and expanding into the Mainland and ASEAN markets. The fund operates on a 1:1 matching basis, with a maximum cumulative grant of HK$7 million, helping businesses stand out in a competitive market.

Audit Requirements for the BUD Fund
To ensure compliance and transparency in the use of grant funds, all BUD-funded projects must have their financial records audited by a certified public accountant. The audit report will verify that project expenditures align with the approved “project expenses” and ensure that the funds are properly utilized for the intended purposes.

Professional BUD Audit Support Services
We have successfully assisted numerous enterprises in completing BUD fund audits and securing grants. Our services include:

1. BUD Special Audit Report
   In accordance with the professional standards of the Hong Kong Institute of Certified Public Accountants, we provide audit reports signed by practicing accountants, fully compliant with BUD fund application and review requirements.
2. Grant Application Assistance
   Our professional team assists enterprises in preparing and submitting grant application documents to ensure a smooth process.
3. Transparent Fee Structure
   • Total project expenditure below HK$1,000,000:AuditfeeisHK$10,000
   • Total project expenditure above HK$1,000,000:AuditfeeisHK$12,000
4. Ongoing Follow-up Services
   In addition to providing audit reports, we offer continuous follow-up services to help clients address issues during the application process and ensure the smooth disbursement of funds.

Frequently Asked Questions

1. Does the BUD Fund provide an initial disbursement?
   Yes, enterprises can apply for an initial disbursement of up to 75% to expedite project launch.
2. What documents are required for the audit report?
   In addition to basic documents, a project income and expenditure statement, transaction vouchers, and relevant project records are required.
3. How long does the application process take?
   The process, from audit to grant application completion, typically takes 2 to 3 months, depending on the complexity of the project and the preparation of documents.

Contact Us Today
If your enterprise is seeking professional BUD audit services or requires assistance with grant applications, we are your trusted partner. Our professional team is ready to provide advice and support to help you easily secure government funding.

Contact Information
Feel free to reach out to us for more details or to arrange our services.