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Scope of Audit
International Standards on Auditing (“ISA”)
International Standards on Auditing (“ISA”)
International Standards on Auditing (“ISA”)
Our audit will be conducted in accordance with ISA. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
Internal Control
International Standards on Auditing (“ISA”)
International Standards on Auditing (“ISA”)
We consider internal control relevant to the entity’s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control.
Accounting Policies
International Standards on Auditing (“ISA”)
Accounting Policies
We will also evaluate the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by management, as well as assess the overall presentation of the financial statements.
Systems
Business Operations
Accounting Policies
We shall obtain an understanding of the systems of book-keeping, accounting and internal controls in order to assess their adequacy as a basis for the preparation of the financial statements and to establish whether proper accounting records have been maintained.
Business Operations
Business Operations
Business Operations
The nature and extent of our procedures may cover any aspect of the business operations and will vary according to our assessment of what is material in the context of the Company’s and the Group’s financial statements, our assessment of the Company’s accounting system and the system of internal control and whether we wish to place reliance on such controls.
Deficiencies
Business Operations
Business Operations
We will communicate to you in writing concerning any significant deficiencies in accounting and internal control systems or matters of governance interest relating to the financial reporting process that we have identified during the audit.
MICHAEL YS TONG & CO - AF002589
Damai Plaza 3, 3rd Floor, C11, Jalan Damai Kota Kinabalu Sabah 88300
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