Many lawyers suggest their clients conduct human resource audit regularly as it is an effective way of keeping the companies away from issues about legal matters, for example, unjustified termination litigation. Human resource audits are essential as they help in identifying the strength and weaknesses of the human resource department. A company should necessitate the … Read moreThe Importance of Conducting Human Resource Audits
An audit engagement is the engagement of audit services, which means the process by which the customer engages an audit firm in Johor Bahru before they start performing any audit activity. In the audit engagement process, both parties will sign the engagement letter, which contains all the essential terms and conditions of their engagement. The … Read moreIntroduction to Audit Engagement
According to the requirement by the board of directors, the intention of the management, or by law, companies will usually engage an independent audit firm in Johor Bahru to audit their financial statements yearly. Generally, if the auditors did not find any crucial problems on the financial statement of the company, they are going to … Read moreWhat is an Unqualified Audit Report?
The word “audit” refers to the process of examining the accuracy of financial records of an individual or a business. Usually, an audit is a high-stakes process as a business may have to face severe legal and financial consequences if LHDN found out that it did not pay enough taxes in an audit. Thus, companies … Read moreIntroduction to Pre-audit
For some of the small businesses, payroll may contribute to about half of their expenses. Thus, it is reasonable for them to audit their payroll regularly. For example, the company may engage an audit firm in Johor Bahru and schedule a payroll audit when each quarter ends, which is a suitable timing to have an … Read moreProcedures in Payroll Audit
When an auditor from an audit firm in Johor Bahru performs an audit for the revenue cycle, as part of the financial audit, they should examine the inherent risk related to that revenue cycle before conducting tests to identify whether it is free from fraud and error. Its inherent risks are associated with the pressures … Read moreAuditing a Revenue Cycle