Audit & Assurance Services
Auditing plays an important role in enhancing the credibility and reliability of financial information. At NPC, our audit and assurance engagements are carried out in accordance with the Companies Act 2016, applicable approved financial reporting standards, including the Malaysian Private Entities Reporting Standard (MPERS) and, where applicable, the Malaysian Financial Reporting Standards (MFRS), together with the International Standards on Auditing (ISA).
Audit of Financial Statements
Our principal area of assurance is the independent audit of financial statements. In performing an audit, we examine the financial statements as a whole, including:
Statement of Profit or Loss
And Other Comprehensive Income
Statement of Financial Position
Assets, liabilities, and equity verification
Statement of Cash Flows
Operating, investing, and financing activities
Statement of Changes in Equity
Share capital, reserves, and retained earnings
Notes to the Financial Statements
Accounting policies, estimates, and mandatory disclosures
"Each audit is planned and performed using established audit methodologies and professional judgement, with the objective of obtaining sufficient and appropriate audit evidence to provide reasonable assurance as to whether the financial statements are free from material misstatement."
Our Audit Approach
Our audit approach generally encompasses:
Audit Planning
Risk-based audit planning and assessment.
Entity & Controls
Understanding the entity, its business environment and relevant internal controls.
Test Examination
Examination of supporting documents and transactions on a test basis.
Analytical Review
Analytical review and verification of financial information.
Reconciliation
Reconciliation of financial records with supporting schedules and underlying accounting records.
Policy Review
Review of accounting policies, estimates and financial statement disclosures.
Regulatory Compliance
Assessment of compliance with applicable financial reporting and regulatory requirements.
Audit Adjustments
Identification and evaluation of audit adjustments and other matters arising during the engagement.
Structured & Practical Execution
We adopt a structured and practical audit approach supported by appropriate audit software, digital documentation and modern communication tools. These capabilities enable effective coordination with clients, including those operating from multiple or remote locations, while facilitating the timely and efficient completion of audit engagements.
Reporting Accuracy & Control Focus
Through detailed account analysis, supporting schedules and systematic audit procedures, we seek to promote accuracy, consistency and completeness in financial reporting. Our approach is focused not only on compliance requirements but also on identifying significant financial reporting and control matters that may warrant the attention of management.
Professional Standards & Integrity
At NPC, we are committed to maintaining professional standards, independence, integrity and audit quality in every engagement. Our objective is to provide reliable assurance that enhances the credibility of financial information, strengthens stakeholder confidence and supports informed business decision-making.
Appoint N. Param & Co as Your Independent Auditors
Connect directly with our Approved Company Auditors to establish engagement scope, regulatory timelines, and professional fees.
