An independent opinion that shareholders, lenders and regulators can rely on, built on knowing how your business works and where the financial statements could be materially wrong.
Statutory audit
An independent audit of a company's annual financial statements.
When you need it
The Companies Act 2016 requires your company to be audited each year, unless it qualifies for and elects audit exemption. Lenders, shareholders and regulators also rely on the audited accounts.
How we help
We identify where the financial statements are most at risk of material misstatement, focus our work there, and raise significant matters with you as they arise.
What you receive
An auditor's report on whether the financial statements give a true and fair view, and our communication to the directors of significant audit findings, including any significant control deficiencies.
BasisCompanies Act 2016 · Approved standards on auditing in Malaysia (ISAs) · MFRS or MPERS
Group audit & reporting
Audits of consolidated financial statements, and component audit work for a group auditor.
When you need it
You have subsidiaries to consolidate, or you report to a parent company's auditor to a group timetable.
How we help
As group auditor, we plan and direct the work needed across the group. As component auditor we work to the group auditor's instructions, materiality and deadlines.
What you receive
An auditor's report on the group financial statements, or component reporting in the format the group auditor requires.
BasisISA 600 (Revised) with the other ISAs
Special purpose audit
An audit of financial information prepared for a specific user or purpose.
When you need it
A contract, grant, licence, tenancy or regulator asks for audited figures on a prescribed basis, such as a statement of sales.
How we help
We confirm the basis of preparation is suitable before we accept, then audit the information against it.
What you receive
An auditor's report on that information, stating the basis of preparation and, where needed, who may rely on it.
BasisISA 800 (Revised) · ISA 805 (Revised)
Key point
How we approach an audit
Understandthe business and its records
Assesswhat could be materially wrong
Testthe evidence with scepticism
Reportclearly to members and directors
An audit gives reasonable assurance, which is high but not absolute. It is designed to detect material misstatement, not every error, and the directors remain responsible for the financial statements and for preventing fraud.
