Chai and Nar Associates are auditors of Pianlang Holdings Berhad. The head of the audit committee has
Question:
Chai and Nar Associates are auditors of Pianlang Holdings Berhad. The head of the audit committee has resigned recently and the company have so far unable to find a suitable replacement. They have asked Chai and Nar Associates to be responsible for the preparation of the financial statements for the year ended 31 December 2019 as part of the audit.
Pianlang have asked the firm to:
Help them implement the ORACLE ERP system
Assist in headhunting for a new head of the audit committee
Discuss at a board meeting the amount of dividend to be paid. Shahaize Berhad is planning to takeover Pianlang Holdings Berhad. Pianlang is asking the firm to act for them in rebutting statements by the takeover bidder.
Required:
Discuss at a board meeting the dividend to be paid, assisting in headhunting for the audit committee and also takeover bid.
Forensic Accounting and Fraud Examination
ISBN: 978-0078136665
2nd edition
Authors: William Hopwood, george young, Jay Leiner