Audit

Statutory Audit Statutory Audit is one of BDO Binder's core business activities. It is a statutory requirement under the Malaysia Companies Act, 1965 that a company incorporated in Malaysia has to prepare its financial statements in accordance with applicable approved accounting standards in Malaysia and has to be audited in accordance with approved standards on auditing in Malaysia. We have knowledgeable skilled and experienced people who stay abreast of accounting developments and have access to state-of-the-art auditing technology in carrying out our audit effectively and efficiently. It also permits us to consider established facts objectively in arriving at an unbiased audit opinion. In addition, we provide constructive suggestions for improving internal controls on financial reporting that add value to our client's business. We also provide continuous technical support though our internal technical and training unit to keep our clients updated with up-to-date changes to the accounting standards and reporting requirements.

Reporting Accounts

When a company plans to raise funds from the capital market via a floatation exercise or acquires assets which results in a significant change in business direction or policy, we can act as the Reporting Accountants to assist the company in reviewing the following documents for submission to the Securities Commission and for inclusion in the company's prospectus:

• Profit and cash flow forecasts
• Accountants' report
• Proforma balance sheet
• Proforma financial information

We will adopt a right approach so that the exercise can be completed effectively and efficiently.

SOX 404 Assistance and Attestation

Public companies which are listed on the US stock exchange are required to include in their annual reports an assessment of the effectiveness of the company's internal control over financial reporting as governed under Section 404 of the Sarbanes Oxley Act of 2002 ("SOX 404") in addition, the auditors of these public companies are also required to report on the effectiveness of such internal controls.

With our experienced and skilled people and the networking with other BDO Global offices, we are able to assist the management of foreign subsidiaries and affiliates of the US public companies in reviewing their internal control assertions over financial reporting.

Alternatively, we are also able to audit the effectiveness of the said internal controls and report on the effectiveness of the internal controls over financial reporting to the auditors of the ultimate holding companies in the US.

US GAAP/IFRS reporting

BDO Binder also has staff that are familiar and experienced in US generally accepted accounting principles ("US GAAP") and InternationalFinancial Reporting Standard ("IFRS") and will be able to assist in engagements involving reporting under US GAAP and IFRS.

For more information about our services, please contact:

Mok Chew Yin	mokcy[at]bdobinder.com	+603-2616 3000
Tang Seng Choon	sengchoontang[at]bdobinder.com	+603-2616 3098
David Tan	davidtan[at]bdobinder.com	+603-2616 3088