The general information / documents required for a Bookkeeping are stipulated as follows:
Finalisation of accounts is like auditing of accounts. It includes verification of account balances and passing necessary adjustment journal entries, by reviewing financial statements and looking into accounting records. It helps to give a clearer picture of financial performance of the company during the year.
An audit is the examination of the financial reports to ensure that the annual accounts represents the true and fair view by an independent third party. In other words, it verifies the accuracy and the integrity of other accountants' work.
A company has an obligation to appoint an auditor during every financial year. The Companies Act of Malaysia has stated that any company operating within the jurisdiction of Malaysia is required to be audited annually. However, there is no such requirement for sole-proprietorships and partnerships operating within the same jurisdiction.
Malaysian Institute of Accountants (MIA) has a recommended Practice Guide on Audit Fee Charge (New Audit Fee) by Audit Firms, for providing auditing services in Malaysia with effect from 1 March 2010. For full details of the guideline, kindly refer to the “MIA New Audit Fee Guideline”.
The Companies Act 1965 requires company accounts to be audited and laid before the Company at the General Meeting within six(6) months from the previous financial year end.
Our list of payroll services is stipulated as the following: