Auditing

Auditors

Under the Malaysian Company Act 1965 all limited company must appoint a Auditor for the company within three (3) months after incorporation.  The first Auditor appointment is the responsibilities of the Directors and they hold office until the first general meeting at which the company audited accounts are considered.

An approved auditor is one who has the necessary qualification and has been granted approval to act as auditor by the Malaysian Minister of Finance.

Audited Accounts

Pursuant to sections 167 of the Companies Act 1965, the directors of a company are responsible for ensuring that the company keeps accounting records sufficient to explain the transaction of the company. The accounts should be sufficient to determine the financial position of the company and enable true and fair profit and loss accounts and balance sheets to be prepared suitable for audit. The records must be kept for at least seven years.

Every year the company must table at the company Annual General Meeting an Audited Accounts of the company before lodgement wih CCM.

Our panel of Auditor, Tax Agent and GST Consultant is Bahudn & Associates.