Audit Services
Kota Kinabalu
Why Annual Audits are Essential for Your Business?
Unless your company is dormant, has zero revenue, or qualifies under certain threshold criteria, it is a legal requirement for your company to undergo an annual audit by a qualified professional audit firm. While the audit process may seem like a burden, this shouldn’t be the case if the company’s accounts are properly prepared and if an experienced audit team is in charge of managing the audit process.
Annual audits are not just a compliance requirement but a valuable tool for improving your business operations. They help identify discrepancies, ensure financial transparency, and boost the confidence of stakeholders, including investors and creditors, in your financial health.
The scope of our audit services includes the following:
- We conduct thorough audit procedures to verify accounts and ensure accuracy.
- We notify management of any internal control weaknesses identified during the audit and provide actionable recommendations for improvement.
- We provide an independent opinion on whether the financial statements present a true and fair view, fostering trust among stakeholders.
- We review the applicable Financial Reporting Standards to ensure full compliance with current regulations.
- We guide management in preparing the audited financial statements for submission to the relevant authorities.