Audit & Assurance
Audit & assurance is more than just compliance exercise and a well performed audit should be seen as high value added service that instill greater confidence in the company by stakeholders. This potential value is no doubt as we often see banker, creditors and investors will look at the audited financial statements before enter into new business transactions.
Penalty for Non-Compliances
| Detail | Section | Explanation | Maximum Penalty | |
| Public | Private | |||
| Annual return submission | 68(1) | Not later than 30 days from the anniversary of incorporation date | RM50,000 | |
| Preparation of audited report | 248(1) | (a) within 18 months from the date of its incorporation; and (b) subsequently, within 6 months of its financial year end | RM500,000 | |
| Circulation of audited report | 258 | 21 days before Annual General Meeting | 6 months from its financial year | RM50,000 |
| Lodgement of audited report | 259(1) | 30 days from annual general meeting | 30 days from circulation of audited report | RM50,000 |
Audit & Assurance
Audit & assurance is more than just compliance exercise and a well performed audit should be seen as high value added service that instill greater confidence in the company by stakeholders. This potential value is no doubt as we often see banker, creditors and investors will look at the audited financial statements before enter into new business transactions.
Our Services Includes:
Statutory Audit
Agreed Upon Procedures
Financial Due Diligence
Special Review and Compilation
Benefits of Engaging Us
By choosing us for your audit services, you’re putting your business in the hands of capable and professional auditors who are dedicated to delivering exceptional customer service.
High-Quality Audit Services
Our audit services offer the highest level of accuracy and reliability for your business. Our experienced auditors follow international standards and conduct in-depth analyses to ensure your financial statements are accurate.
Experienced and Certified Auditors
Our team of professionals includes certified public accountants and experienced auditors in Malaysia, who have extensive knowledge and experience in accounting and auditing.
Competitive Pricing
We offer competitive pricing for all our audit services, with no compromise on quality. We understand the importance of efficient and cost-effective solutions that will help improve your bottom line.
Audit Customization
We believe that every business has unique needs when it comes to audit services. As such, we offer tailor-made services to meet your specific requirements, which include comprehensive audit solutions, risk assessment, and internal audit services.
Assurance and Compliance
Whether you’re a startup or a well-established company, our audit services offer reliable assurance and compliance reporting to meet regulatory requirements. We guide you in complying with statutory regulations, industry standards and help in assessing the effectiveness of internal controls.
Audit & assurance is more than just compliance exercise and a well-performed audit should be seen as high value added service that instill greater confidence in the company by stakeholders.
We are providing independent accounting and bookkeeping solution based on latest reporting standards. Our solutions are not limited for compliance but also analysis for better decision making for the Company.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Benefits of Engaging Us
By choosing us for your audit services, you’re putting your business in the hands of capable and professional auditors who are dedicated to delivering exceptional customer service.
High-Quality Audit Services
Our audit services offer the highest level of accuracy and reliability for your business. Our experienced auditors follow international standards and conduct in-depth analyses to ensure your financial statements are accurate.
Experienced and Certified Auditors
Our team of professionals includes certified public accountants and experienced auditors in Malaysia, who have extensive knowledge and experience in accounting and auditing.
We offer competitive pricing for all our audit services, with no compromise on quality. We understand the importance of efficient and cost-effective solutions that will help improve your bottom line.
Audit Customization
We believe that every business has unique needs when it comes to audit services. As such, we offer tailor-made services to meet your specific requirements, which include comprehensive audit solutions, risk assessment, and internal audit services.
Assurance and Compliance
Whether you’re a startup or a well-established company, our audit services offer reliable assurance and compliance reporting to meet regulatory requirements. We guide you in complying with statutory regulations, industry standards and help in assessing the effectiveness of internal controls.
Audit & assurance is more than just compliance exercise and a well-performed audit should be seen as high value added service that instill greater confidence in the company by stakeholders.
We are providing independent accounting and bookkeeping solution based on latest reporting standards. Our solutions are not limited for compliance but also analysis for better decision making for the Company.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
AuditAudit & Assurance
Audit & assurance is more than just compliance exercise and a well-performed audit should be seen as high value added service that instill greater confidence in the company by stakeholders.Benefits of Engaging Us
By choosing us for your audit services, you’re putting your business in the hands of capable and professional auditors who are dedicated to delivering exceptional customer service.
Our audit services offer the highest level of accuracy and reliability for your business. Our experienced auditors follow international standards and conduct in-depth analyses to ensure your financial statements are accurate.
Our team of professionals includes certified public accountants and experienced auditors in Malaysia, who have extensive knowledge and experience in accounting and auditing.
We offer competitive pricing for all our audit services, with no compromise on quality. We understand the importance of efficient and cost-effective solutions that will help improve your bottom line.
We believe that every business has unique needs when it comes to audit services. As such, we offer tailor-made services to meet your specific requirements, which include comprehensive audit solutions, risk assessment, and internal audit services.
Whether you’re a startup or a well-established company, our audit services offer reliable assurance and compliance reporting to meet regulatory requirements. We guide you in complying with statutory regulations, industry standards and help in assessing the effectiveness of internal controls.
"Your business is not build to crunch the numbers, but ours are.
Leave the tedious work to expertise and focus on your core business"
Benefits of Engaging Us
We will monitor the deadline for you
Our industry expertise will solve your headache
Fast and efficient
Assurance at a reasonable cost
Relevant Audit in New Era
We are young and dynamic individual who are passionate on the subject and love to explore.
Our firm prioritise development and continuous learning cultures to promote excellence in servicing our client and bring lasting value to your business.
Generous in Sharing and Proactive in Communication
We are not calculative when it comes to sharing as it brings out the passion and joy to succeed together.
Our management executive will be more than happy to be the regular contact for servicing you in the engagement.
We Care About You
To be merely compliances, audit will lose its potential as value added service to the businesses.
We care about you and willing to provides additional commentary when it comes to your weakness that we aware during the course of audit without compromising our independence. This is as good as annual health check to the business itself.
Frequently Asked Questions
What is audit & assurance ?
Audit and assurance is an engagement to obtain independent auditor opinion on the financial statements whether they are free from material mistatements.
Why do we need to do audit ?
This will enhance the confidence of stakeholders towards the financial statements which is very important in our business world.
Who will be the regular contact for the service ?
We will allocate to the client service manager to ensure that client constantly being supported at all times.
What is the accounting software that we need to use to engage with Alvin & Co PLT?
We are familiar with most of the accounting software such as Autocount, SQL, MYOB, UBS, Quickbooks and other to assist your financial reporting process.
How do we charge our fee ?
Audit fees are based upon the size, complexity and the time spent on the work. There are no standard fees as it is determined case by case, but you can estimate your audit fee based on Recommended Practice Guide 7 (Withdrawn with effect from 1 June 2015) issued by Malaysian Institute of Accountant.
Guidance from Recommended Practice Guide by Malaysian Institute of Accountant
| Gross Assets or Turnover (whichever higher) | Cumulative Ringgit (RM) | Cumulative Fees (RM) |
|---|---|---|
| Dormant | - | 800 |
| The first 100,000 | 100,000 | 1,000 |
| The next 150,000 | 250,000 | 1,657 |
| The next 250,000 | 500,000 | 2,440 |
| The next 500,000 | 1,000,000 | 3,380 |
| The next 1,500,000 | 2,500,000 | 5,255 |
| The next 2,500,000 | 5,000,000 | 7,755 |
| The next 5,000,000 | 10,000,000 | 12,455 |
| 10,000,000 to 20,000,000 | 20,000,000 | 22,455 |
| Above 20,000,000 | >20,000,000 | Negotiable |