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Pre-initial public offering
Bursa Listing Requirements determines that prior to being a listed issuer, an Applicant must have adequate risk management and internal controls system before being admitted to the Official List. A Sponsor must be satisfied that the Applicant has met the above requirements for compliance with applicable laws and regulations.
Our scope of work will involve an assessment of Applicant’s overall risk management and internal controls system. This includes a review on key accounting and management
functions.
In relation to this, we will also examine the adequacy of controls and their associated resources which include policies and procedures, control environment, organisational structure, communication and information system and its monitoring activities.
PN17 issuer and GN3 company
A PN17 Issuer and GN3 Company must review its risk management and internal control system and submit to the Bursa the results of such review, together with its action plans to address the weaknesses identified. Our scope of work includes an assessment of the affected issuer’s overall risk management and internal controls system.
Sarbanes Oxley review
Under the requirements of the Sarbanes Oxley Act, management must review, test and document internal controls over financial reporting and in a very legal sense, accept full responsibility for the internal control structure of the company. We offer services aimed at assisting companies in meeting their compliance requirements. This includes documentation, assessment and testing of internal controls, as well as information technology processes.
Internal audit quality assessment review (QAR)
The International Standards for Professional Practice of Internal Auditing (SPPIA) stipulate that the chief audit executive of the organisation should develop and maintain a quality assurance and improvement program to continuously monitor the internal audit’s effectiveness.
In addition, the SPPIA also recommends that an external quality assessment review should be conducted at least once every five years by a qualified, independent reviewer or review team from outside the organisation.
