Audit
A company incorporated in Malaysia required their financial statement to be audited for every financial close.
The preparation of financial statements are the responsibility of the Company’s directors, while the audit is performed to form an independent opinion on the financial statement prepared and report the opinion to the shareholders as a body.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by directors, as well as evaluating the overall adequacy of the presentation of information in the financial statements.
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