Malaysia Hotline: +603- 2141 8908
Many people in Malaysia are confused between what
is auditing and accounting. We should be clear however that an audit differs
significantly from accounting.
Accounting is a process that creates financial
statements and other financial information that is useful for the management.
The Companies Act provides that the directors of the companies are ultimately
responsible for the preparation and fair presentation of the financial
statements.
An audit does not create accounting information but
involves examining accounting information. An audit of financial information
enhances the credibility and reliability of financial information and
statements. Reliable information is necessary for users of the financial
information such as investors, creditors and financial institutions.
Therefore, an auditor must be independent as one of
the objectives of an audit is to provide objective and independent report on
the reliability of information. Users of financial statements can have
reasonable assurance that audited financial reports in Malaysia are free from
material misstatements or omissions.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my