AUDIT & ASSURANCE
From providing assurance for stakeholders to managing your risks and compliance obligations more effectively, our audit and assurance experts are here to help.
At CCS, we believe auditing is critical to the economic foundations of a fair and prosperous world. The audit has been, and remains, a profession at the heart of our business. We work for the public interest and, by caring about the organisations we audit and their stakeholders, help build sustainable businesses for the benefit of society. We work with a broad range of clients, from privately owned businesses to some of the largest corporations in the world.
With this distinctive, human-centric approach, tools and programme, we deliver an augmented audit experience:
● Understanding the client – business, risks and needs.
● Develop a client service strategy based on our understanding of clients.
● Translating the strategy into an effective and efficient audit programme.
● Drawing appropriate conclusions from the results of audit procedures performed.
● Issuing appropriate report from the conclusion drawn.
Our areas include:-
Statutory Audit of Financial Statements
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Our audit helps ensure that your financial statements are drawn up following applicable accounting standards and the requirements of the Companies Act.
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The value-added during our audit process: advice on internal controls and business process system.
Financial Due Diligence
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Due diligence refers to a series of activities conducted by a party on the other party – after they have reached an initial agreement for collaboration or partnership.
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Due diligence services include independent investigations into the target company's operating qualifications, operating status, financial status, the background of management staff, market risk and management risk. In addition, we conduct a comprehensive review of the target company's compliance with its normal business processes.
Agreed-Upon Procedure
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Perform assurance services that meet the clients' unique needs.
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Benefit your company when you desire factual findings without predetermined opinions and bias.
Cold File Review
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Cold file review or Cold review is conducted to check for the weaknesses in the Firm's quality management systems, proficiency of audit team members and how they can be improved to make later audit assignments more effective and efficient.
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The practitioners will receive a comprehensive written report offering key practical recommendations to improve audit quality and, where necessary, highlight areas where audit efficiency may be improved.
Compilation of Financial Statements
We assist clients in preparing and presenting financial statements by the applicable accounting standards based on the financial information and accounting records provided by clients, including but not limited to the company qualifies for audit exemption and is required to lodge unaudited financial statements to the Companies Commission of Malaysia ("SSM").
TAX COMPLIANCE & ADVISORY
CCS offers a comprehensive range of tax services through our dedicated tax specialists.
Our team's extensive knowledge enables us to provide proactive, realistic, and cost-effective tax solutions to our clients and to deliver value.
We can provide you with a wide variety of local and international tax services, regardless of whether you are an individual or a corporation.
Our expertise:
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Tax Compliance and Advisory
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Tax Consultancy and Advisory
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Tax Audit and Tax Investigation
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Tax Incentives Application
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Indirect Tax：-
Sales Tax and Service Tax ("SST")
Goods and Services Tax ("GST")
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Real Property Gain Tax ("RPGT")
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Tax Training & Seminar
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International Tax
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Withholding Tax ("WHT") Compliance and Advisory
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Other tax matters.
Why CCS Tax?
CCS provides a comprehensive understanding of regulatory and tax requirements and a wide range of experience applying these requirements in practice.
The skilled tax specialists at CCS know how tax services can increase a company's value. Given the increased business difficulties that are highlighted by ongoing changes in tax laws and regulatory demands, it must make excellent sense to allow our tax specialists to think for you so that you can focus on running your business.
We maintain a tight working relationship with our clients, whether individuals or corporate entities, to provide and tailor timely tax planning and identify the appropriate responses to the various tax difficulties encountered.
Due to the massive rise in tax risks in the modern world, we can help with the essential task of tax management and compliance by combining our technical knowledge with our real-world experience and, when it makes sense, the perspectives of businesses.
TRANSFER PRICING
Transfer pricing is a term used in taxation and accounting to describe the rules and methods for pricing transactions within and between businesses under common ownership or control.
Every taxpayer should use the best available information to arrive at transfer prices that adhere to the arm's length principle, which is enshrined in tax law; these prices must reflect the prevailing market rate. Domestic and international business dealings are equally subject to the requirement.
While this is happening, local and regional tax authorities are increasing the severity of surcharges and penalties, mandating certain documents, expanding the amount of information shared between themselves, and conducting more stringent audits.
Hence, companies in Malaysia must remain aware of Transfer Pricing developments due to an increase in compliance obligations.
Please do not hesitate to contact us if you need a professional tax consultant:
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to prepare your transfer pricing documentation
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to conduct a review of the TP documentation as well as a business overview from the TP perspective and perspectives
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to carry out a comparability analysis through specialised databases
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to help you comprehend the tax authorities' expectations and the TP compliance requirements
How we can help you
No matter what you need in terms of transfer price, our dedicated experts are ready to help you.
CCS's Transfer Pricing team is well-placed to help you meet the criteria for compliance.
For benchmarking, we use the tools and services provided by Speeda, which may be accessed at https://sea.ub-speeda.com/.
SPEEDA is the preeminent research platform in Asia, with unrivalled coverage of private company data and exclusive industry research studies arranged by the nation and supported by the research expertise of our in-house experts.
BUSINESS ADVISORY
CCS's dedicated and highly experienced advisory services teams have the depth of industry knowledge and technical resources to respond rapidly to our clients.
Our Advisory teams apply their profound experience and global footprint to challenge the status quo and develop custom strategies that work for you.
Our services support you wherever you are in your business cycle — whether you're looking at a transaction to propel your company forward or focusing on developing or advancing your company's finance and technology infrastructure to match your aspirations.
Our services include:
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Assistance for the registration of an offshore company
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Business planning and strategy
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Business performance review
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Company structure, Ordinary Shares vs Preference Shares
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Company restructuring and reorganisation
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Equity crowdfunding
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Shareholder and LLP agreement
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Valuation
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Business process improvement
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Cash flow forecast and projection
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Financial planning and analysis
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Other business advisories
Internal Control Reviews and Design
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An internal control review is an overall assessment of your internal control system throughout all your business units to determine if it's working as intended and if it can manage the risks your company might face daily.
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We assist clients with integrating internal control processes designed to increase confidence in operations' effectiveness and efficiency, financial reporting's reliability, and compliance with applicable laws and regulations.
Internal Audit
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Internal audits evaluate an organisation's risk management, corporate governance and internal control processes.
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CCS's broad understanding of risks and areas of operational improvement — particularly the nuances of specific industry sectors and markets — can help internal audit functions improve their performance and operating efficiency and bring value to their organisations.
HUMAN RESOURCE CONSULTANCY
A company's survival depends on its employees, which is critical to managing them properly and efficiently.
As your business grows, you must be flexible and change your current infrastructure. We believe the best way to serve our client's unique business needs is to offer them fully customised HR solutions.
Our mission is to help you create value, protect against unnecessary risks and transform human resource operations to drive success.
At CCS, we serve as a reliable business partner to businesses by providing you with a comprehensive selection of Human Resources solutions, including:
HR guidance and advice on:
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Employment Law
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Selection of payroll software
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Absence Management
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Disciplinary and Grievance
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Performance Management and creation of appraisal process
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Exit Interviews
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Employee Engagement
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Benefit-in-Kind
Policies and Documentation
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Contract of Employment
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Employee Handbook
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Development, review, and implementation of HR policies and procedures
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Job descriptions
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Organisation design and structure
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Letters, forms, and reports
ACCOUNTING & BOOKKEEPING
You are maximising your business opportunities and helping you grow through accounting services and annual and periodic financial reporting.
Our primary objective is to step back and let you handle your company's management as well as your company's day-to-day activities. The accounting services that we can provide for you will make it easier for you to monitor the status of your company as well as its performance on a day-to-day basis.
We provide accurate and detailed management information on a timely basis and tailored to the client's requirements, ensuring that the management can make informed business decisions. With vast experience in accounting software, including AutoCount, Million, UBS, SQL and so on, our team leverages deep industry knowledge and expertise to deliver precise and practical solutions to address your complex accounting and financial reporting issues.
CCS offers you accounting service provider in the following core areas:
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Advice on accounting software selection
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Setup of Accounting System
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Bookkeeping Services
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Maintenance of transactions by using computerised accounting systems
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Preparation of monthly financial reports as per management requirements.
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Preparation and submission of SST returns
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Reconciliations and verifications.
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Preparation of annual, quarterly and half-yearly financial statements as per statutory requirements.
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Acting as a virtual CFO.
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Accounting advisory and technical consultancy.
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Solvency test.
SEMINAR & IN-HOUSE TRAINING
Markets are evolving as new opportunities emerge and customers shift their expectations. To grow, your organisation needs to adapt.
Employee training is essential to both a company's growth and an individual's success.
Our success in delivering In-House Training Courses is attributed to our ability to work closely with organisations. We are very much in understanding your goals and specific requirements and then planning and formulating a training solution that meets the objectives.
In-House Training Courses can be built around our standard courses or be completely bespoke to suit your specific learning objectives. Our team of experienced Consultants can develop new training courses to meet your training needs.
Please tell us about the seminar you would like to be tailored-made or conducted in-house.
DIGITAL TRANSFORMATION
Digital transformation is imperative for all businesses, from small to large companies. To assist our clients in transformation, we focus on consumer experience and marketing as the starting point. This makes our approach unique, ensuring you accelerate your business performance as well as your transformation. Do you want to know more? Contact us today.
The above service offerings are subjected to Engagement Acceptance assessment and comply with the By-Laws (On Professional Ethics, Conduct and Practice) of the MALAYSIAN INSTITUTE OF ACCOUNTANTS ("MIA")