Statutory Audits Services in Kuala Lumpur, Penang

A statutory audit is a legally mandated review, or audit, of the financial records of a business or government entity. The purpose of any audit is to thoroughly inspect the books and records of an entity to ensure that they are in order without any unfair misrepresentation or inaccurate records. This inspection is done by an independent and unbiased third party called an auditor. It is the auditor’s job to check all financial records for inconsistencies and inaccuracies by comparing them against information and documents availed from elsewhere; the presence of inconsistencies can be indicative of fraud.
Statutory audits, which are identical to “regular” audits except that the former is required to be performed by law, are usually applicable to government bodies or organisations. Because these organisations are tasked with spending public taxpayers’ money, it must be ensured that the bureaucrats or other personnel involved in the operation of these organisations carry out their duties fairly without trying to siphon off funds for personal use and gain.
Undergoing regular audits by independent third party inspector greatly increases the chances that such unscrupulous people and their actions will be brought to light. Implementing legally mandated or statutory audits prevents these situations from arising and greatly reduces the ability for the guilty to escape prosecution.

Why Choose OneAccounting?

• OneAccounting is associated with a long history of delivering reliable and accurate auditing services
• OneAccounting is renowned for providing statutory audits due to our history of providing accurate services and our transparency to government organisations.

When you cannot trust “official” records, you need to start evaluating situations and declarations by finding supporting information elsewhere. Statutory audits by OneAccounting have helped prevent these situations by ensuring that all officials and people in positions of responsibility and power carry out their duties as they are supposed to. Regular audits keep people on their toes and greatly reduce the chances of any negligence or criminal fraud taking place.
Our quality accounting services have resulted in proper utilisation of many millions of dollars. Choose OneAccounting for all financial verification and inspection services, bookkeeping, and auditing services. We have delivered high quality financial services to a diverse group of clients such as government organisations, private corporations, small-medium enterprises (SMEs) and start-up companies.