Management accounting offer business owners the opportunity to gain critical insights into the financial side of business performance. Management accounts can give early warning signs of negative trends, while on the other hand, the insights gained lead to better business decisions and optimize profitability.
Companies, limited liability partnerships, trust bodies & cooperative societies which are dormant and/or have not commenced business are required to furnish the Income Tax Return Form (including Form E) with effect from Year of Assessment 2014 to the IRBM(LHDN).
External audits are also mandatory due to regulatory and compliance reasons as well as due to the shareholder requirements which mandate that external audits need to be done annually, quarterly, and half yearly to be presented in the Annual General Meetings, and meetings of the Board of Directors.
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