Audit And Assurance Services
Our tailored audit and assurance services in Malaysia enhance credibility, ensure quality financial reporting, and meet international standards.
Our tailored audit and assurance services in Malaysia enhance credibility, ensure quality financial reporting, and meet international standards.
Our audit assurance services provide decision makers with reliable and valuable information. We keep you updated on financial reporting changes and offer tailored advice to maximize your business potential. With our industry-specific focus and efficient audit plans, you can make informed decisions for growth, supported by accurate data and computer-assisted techniques.
FERNZ offers a broad range of audit and assurance services which meet the demands of our clients and users of financial information. We also have a considerable range of expertise in not-for-profit organizations and niche business sectors.
Cost effective auditing depends upon the auditors understanding of a client’s operations and organization. An audit assignment would usually commence with an initial business review to help our members develop this understanding. They ensure, by such reviews and other methods, that the financial statements properly reflect the client’s activities during the period under review.
Many clients appreciate the audit approach being extended to identify opportunities for improvements to reporting and financial control systems and to identify factors that will enhance business performance and those which currently inhibit that performance.
Audits are undertaken in accordance with the laws of the country and the standards recognized by the appropriate regulatory authorities. Entities audited include:
Main subsidiaries of listed companies
Private companies
Not for profit and charitable organizations
Owner-managed businesses where audits are required by legislation or financial institutions
Government authorities and agencies
These are often required by regulatory authorities, particularly in connection with public interest organizations. In today’s fast moving business environment, particularly in the fully developed and rapidly emerging economies, many users of financial information are also demanding assurance about non-financial matters. Assurance Services include a broad range of services that go beyond just looking at the numbers. These also address the quality of information decision-makers use in formulating solutions to problems and in assessing financial performance.
As businesses expand so does their need for additional finance and their need to keep informed those institutions that have already provided financial support. Such third parties often require evidence of an independent review of an organization. In many of our firms the Audit and Assurance Services practice is supported by specialist corporate finance experts who are able to assist in this important assurance service.
Increasingly large organizations are supplementing the effectiveness of their own internal control systems by employing outside experts to review the operation of their controls on a regular basis. Many of our members are able to assist businesses with such reviews particularly in relation to the use and development of information technology systems.