Our Services
Statutory Audits
Every Malaysian Company needs to be audited according to the Companies Act 2016 ("CA2016"). Every year, your Company will have to prepare a set of accounts to be audited, and the audited financial statements are lodged to the Companies Commission of Malaysia ("SSM"). That same report is used to file your taxes with the Inland Revenue Board of Malaysia ("LHDN") too. But what sets apart an audit by necessity and an audit par excellence? Our auditors practice technical excellence, impeccable integrity, and exceptional client service in combination. The result? An audit of the highest quality.
- Independnt assessment Statutory audits carried out by us adhere to the strictest independence requirements, ensuring that our findings are objectives and have your Company's best interest at heart. Our audits enhance transparency, accountability and credibility to your financial statements;
- Uncover transactions which are not documented CA2016 requires documents to be retained for up to seven (7) years. Failure to produce documents can result in higher taxes and hefty fines. We identify transactions which lacks the proper accounting records so that the issue can be rectified while stakeholders are still reachable;
- Ensure accounting standards are adhered to The Malaysian Accounting Standards Board issues update to the accounting standards to be applied when preparing your account. The manner in which the accounts were recorded previously may potentially no longer be suitable according to current standards;
- Identify unusual trends which could uncover inefficiencies An analysis of your transactions during the current and comparative year may show sudden increases or decreases which could indicate that resources are not being used optimally. Audits also have a high chance to uncover irregularities in internal controls and risk management processes;
- Identify if certain laws and regulations are followed Auditors handle several Companies within the same industry. As such, we are positioned to identify compliance issues to industry-wide law and regulations, especially when they relate to the Company's finances, e.g., taxes, payroll, licensing requirements, and other local regulations; and
- Advice changes to operations which may enhance the financial performance of the Company Auditors can advice best practice which are adopted by others in the industry.
- Seemless integration We work hand in hand with your chosen finance professionals including Company Secretaries and Tax Agents to ensure that you do not need to worry about missing statutory requirements, filing deadlines and late fees. We also recommend other finance professionals that meet your needs, should you require them.