What is an audit?

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An audit is a systematic procedure carried out periodically by an independent party to assess the accounts and records of an organisation or entity, to ensure that they have been properly maintained, are accurate and comply with established concepts, principles, accounting standards, legal requirements and give a true and fair view of the financial state of affairs of the organisation or entity, its performance and cash flows on the accounts date.

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Who is required to have an audit?

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An audit may be necessary for compliance requirements, to provide assurance to investors, or to review processes and controls.

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Legally, those companies incorporated under the Companies Act, 2015 are required to have an external audit carried out by an Approved Auditor.

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​Our Audit Services

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KCN  is  a  team of Approved Auditors to carry out audit work in Malaysia by the Malaysian Treasury. KCN is also registered with the Audit Oversight Board, can carry out audit work for public interest entities (PIEs) in Malaysia.

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As approved auditors, KCN undertakes audits for or provides:

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• Companies, both of private and public

• Overseas parents with international subsidiaries

• Overseas subsidiaries with overseas parents

• Group structures

• Registered charities

• Academies

• Travel agents and tour operators

• Reports and audits on law firms

• Reports to grant awarding bodies and funders.

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How do we add value to the audit?

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We aim to add value to the audit process in the following ways:

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• Through the pre-year end preparation and planning, both to address any tax planning activities as well as to ensure the smooth, efficient and timely undertaking and completion of the audit process.

• Through providing you with Key Audit matters or Key Issues Documents

• Through our partner or director led approach to your audit and audit affairs

• Through our understanding and specialist interest in both the work of our clients and the sectors in which they operate.

• Through the provision and advice on the development of your financial reporting and accounting systems to ease the audit process and to improve financial management as a whole.

• Through the presentation of the financial reports in an easy to understand format for non financial stakeholders, directors and managers.

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In addition to undertaking a client’s audit in a timely and efficient manner, we will seek to add value through advice and support based on the audited accounts.

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If you are looking for further information or for a quotation or tender submission concerning the provision of an audit then please use the contact form below, call our LOCAL OFFICE.

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Other Services

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In addition to producing annual accounts and carrying out annual audits, KCN also provides clients with the following:

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• Bookkeeping Services

• Management Accounts

• Business plans and funding forecasts including, cash flows, profit and loss, and balance sheets

• Business Advice through SMEs' business advisory scheme

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For more information, a quote or a free consultation, please email admin@kcn.my  or call our LOCAL OFFICE.