Statutory audit is one of UHY's core professional activities. Our dedicated audit teams are able to provide professional accounting and auditing services that meet your local and international statutory and regulatory requirements. We are here to create optimum solutions designed to meet your specific needs, wherever in the world your business happens to take you.
As with all of our clients, our partner-led team will be committed to providing you with sound commercial advice for any strategic ideas you might have, or any problems you may be experiencing. We will make it our business to understand yours, advising you and making recommendations regarding the development of your business.
We are able to assist you with a full range of audit matters, including:
UHY firms have teams of experienced auditors that operate on behalf of entities throughout the world. Our highly experienced audit teams strive not only to highlight areas of opportunity, but also to identify practical solutions and latent challenges within your business, ultimately helping you to reduce risk while protecting your business.
We frequently conduct audits on behalf of parent companies where we have a responsibility to manage the audit process across that company's entire corporate network. Just as often, we act as the auditors of a subsidiary company and apply our skills to ensure that a parent company's reporting requirements are met. Our extensive industry knowledge and expertise allows us to conduct audits that are tailored to the size and specifics of your organization. We never lose sight of who our clients are and always keep their best interests in mind.
An annual audit event is more than a control procedure or a statutory obligation. It is also an opportunity to provide you with updated insight into your business – an insight that could identify potential threats or opportunities that can factor into your plans. We make thoughtful recommendations allowing you to better manage your business. We aim to avoid surprises by anticipating matters which may present difficulties, and by working with you and the entire team to overcome any problems, as far as practicable, as they are established. Identifying these areas of concern does not only improve your efficiency, but also provides you with essential knowledge upon which your future business decisions can be based upon.
We understand that every business is unique and we tailor the services we provide according to the size and nature of your business. This allows us to gain an insight into how your business works and enables us to provide sound advice based on detailed knowledge which can assist in developing future strategies for your business. We particularly welcome the opportunities to carry out multi-national audit works with an international team of UHY member firms. Our credential is given by our great deal of experience working successfully with non-affiliated firms and advisors. Our thorough understanding of international regulations and legislation means we are positioned to help with complex reporting issues involving Sarbanes-Oxley and International Financial Reporting Standards (IFRS). And even though we have global reach, the size of our network typically keeps us free of the conflicts of interest that at times prevent larger networks from accepting this type of work.
Whether a sole proprietorship or managing a listed company, you are bound to make various strategic business decisions in order to stay competitive in today's complex, dynamic market environment. It is crucial to have the right adviser by your side providing you solutions and alternative options based on various information and analysis in order for you to make the right decisions.
At UHY, our Corporate Advisory practice offers a wide range of services to help you capitalize the opportunities to grow your business in favorable conditions and to ensure the sustainability of your business during adverse business and market conditions.
UHY is able and ready to take your business to the next level of growth based on our extensive corporate finance and fund raising experiences in the local capital market as well as other major foreign markets. Our extensive experience allows us to provide pre-listing advisory, pricing & valuation strategies, optimal corporate reorganisation, preparation of strategic business plan, financial projections, project evaluation & management and etc.
On a confidential basis, UHY also identifies targets or interested business partners promptly and provides assistance with all the evaluation and compliance issues that arise in order to complete the merger and acquisition process successfully.
UHY's Restructuring and Recovery professionals have also assisted underperforming non-listed and listed companies i.e. PN17 companies to rejuvenate their financial position and its businesses by providing valuable insights, financial and high-level strategic advice to organisations that need to improve their bottom line in addition to addressing solvency issues where necessary.
Our team has worked to save ailing companies as going concern by providing turnaround and financial restructuring strategies to allow for an orderly sale of its non-core or non-viable business without the disadvantages brought about by liquidation for the mutual benefit of both the shareholders of the company and its creditors as well as other stakeholders i.e. employees.
We are able to assist you with a full range of corporate advisory and recovery matters, including:
Our Corporate Advisory team offers a multi-disciplinary service and brings a wealth of job specific experience so that you can be sure of achieving the best results. We have an established track record of successfully completed deals. UHY Advisory has the skills and resources to help you achieve your corporate goals. We are client focused and will introduce one of our experts to lead each assignment as your corporate finance advisor.
UHY Advisory is licensed under the Capital Market and Services Act 2007 to provide advisory work on corporate finance in Malaysia. For more information, click here
UHY has quality experience handling all three types of liquidation:
Our professional team can assist in all stages of the liquidation process. We regularly act as a liquidator in court appointed capacity, for both solvent and insolvent companies. We help initiating and finalising liquidations in a timely and appropriate manner. Our main objectives are to maximise returns on divest assets and to achieve rapid payouts, to manage the inherent legal risks, and to invest in reliable expert support to recover the value. Our services are client-oriented with the intended goal of improving clients' businesses and operations.
Things don't always go according to plan. Occasionally the credit extended by our clients doesn't perform as well as expected or financial problems arise, or a need may arise to collect material amount of a debt. This will lead the company's lenders or creditors to exercise their rights to appoint a Receiver and/or Manager, to deal or dispose of the company's assets and/or the business in order to settle the debts owing to them.
Our Distressed Assets, Advisory and Management team specialises in receivership and is dedicated to assisting troubled companies from planning to delivery stage. Our Receivership services are aimed at realizing charged assets to the best advantage of the debenture holder, take control of charged assets, secure the company's assets, books and records, and taking control of bank accounts. We act as the Receiver and/or Manager to the Court, the lenders or any stakeholders who intend to exercise or protect their rights to the affected company's assets. We have the experience in undertaking such assignments on behalf of the affected stakeholders and the Court. We also ensure that the right approach is pursued, so that maximum recovery of the Debenture Holder from disposal of the charged assets of the lender can be achieved from the receivership, effectively and efficiently.
We are able to assist you in all areas of Distressed Assets, Advisory and Management, including:
Our Distressed Assets, Advisory and Management (DAAM) team is a well-balanced multi-disciplinary team. With our expertise, knowledge, professionalism and experience and a network of people with competent technical skills in Malaysia and abroad, UHY is able to provide support throughout Malaysia efficiently and cost effectively.
It is within our values to provide personal hands-on service to all our clients, with a high level of partner involvement. We have many years of experience and are able to provide up-to-date advice to assist both individuals and companies facing financial difficulties.
Internal auditing does not only involve compliance measurement against the entity's policies and procedures. Its tasks also involve advising the senior management and Board of Directors (or other similar oversight group) on how to better execute their responsibilities. We provide value to senior management and governing bodies as an objective basis of independent advice.
Internal auditing professional standards require the function to supervise and measure the strength of the organization's risk management processes. Risk management should be embedded within an organisation to monitor and evaluate the effectiveness of the organization and protecting the organization against risk.
If your business is currently concerned about:
Our experience and reputation of highly competent, objective and authoritative financial expertise make us an excellent choice to assist you.
Our Internal Audit, Risk & Compliance team is people focused and Partner-led. Our experts understand the importance of developing close relationships with all our clients. We strive to understand your business objectives and, by doing so, we can provide appropriate compliance services and ensure that your organization strives for business growth and sustainable organisational success.
We are able to assist you with a full range of Forensic, Litigation, and Compliance matters, including:
UHY has teams of experienced forensic accountants and technical specialists. UHY's FLVS, Internal Audit, Risk and Compliance Group supports clients in safeguarding their brand value and reputation while preserving revenue and assets.
Our new FLVS, Internal Audit & Risk Compliance division is the first of its kind in Malaysia and is built around shared expertise with UHY Advisors (USA) who have handled landmark cases including forensic audit for Enron Corporation, Tyco International Ltd, Parmalat, and Dynergy Inc.
We understand the importance of accountability and governance in meeting business stakeholders' expectations. From our business experience, we can help identify blind spots and remove the complexity in transactions.
We work with you to overcome challenges from the impact of unpredictable events, accountability, governance and transparency. Our practice brings together skilled and experienced professionals to manage your needs. Our team works with you to deal with challenges in risk, compliance and transactions.
Business is increasingly fraught with risks and competitive pressures giving rise to instances of fraud. Malaysia has been relatively sheltered from this in the past but as we globalise and expand our economy to previously unprecedented heights there can be no doubt that we will have our share of the world's two trillion dollar fraudulent transactions.
With the increase of complexity of business litigation, corporate crime, money laundering and terrorist financing with accounts and finance, there is growing need for forensic accountants to combat fraud. In addition, this needs to be supported by reliable valuation and litigation work, such as determining the damages estimates in dispute, as in a breach of agreements or commercial dispute arising from different views or opinions.
If your business is currently concerned about:
Whistleblower allegations from employees, customers and suppliers
UHY's Forensic, Litigation, and Valuation Services (FLVS) Group can offer an excellent choice for those who require professional resources and responsive, knowledgeable help.
We are able to assist you with a full range of Forensic, Litigation, and Compliance matters, including:
UHY have teams of experienced forensic accountants and technical specialists. UHY's FLVS, Internal Audit, Risk and Compliance Group supports clients in safeguarding their brand value and reputation while preserve revenue and assets.
Our new FLVS, Internal Audit & Risk Compliance division is the first of its kind in Malaysia and is built around shared expertise with UHY Advisors (USA) who has handled landmark cases including the forensic audit for Enron Corporation, Tyco International Ltd, Parmalat, and Dynergy Inc.
Whether you are a business organization or an individual, the world of tax can be a challenging and ever-evolving minefield of information. Whether you are expanding overseas or locally, preparing a plan for your business to deal with its complexities and wide-ranging impact could make the difference to achieve your objectives. Ensuring the right strategies are put in place to relieve your tax burden and to achieve your financial goals is what we do best.
We are able to assist you with a full range of tax matters, including:
Our highly experienced team of tax specialists can advise you on all areas of corporate, personal, indirect and international tax. We will work with you and tailor our service offering to suit your needs.
Our clients operate across a wide range of diverse businesses from small owner-managed businesses to publicly listed companies and international groups. We can provide you with a wealth of practical advice on mitigating tax exposure and will work in conjunction with you to make your strategic plans as tax efficient as possible, regardless of your sector or business circumstances.
Our team has worked with clients in the following industries and achievements:
Goods and Services Tax (GST, also known as VAT) is now a major part of governments’ tax revenues in about 160 countries around the world, and Malaysia is the latest country set to implement GST to replace the current consumption tax. The implementation and compliance processes of GST are expected to have an impact on the daily business operations at one stage or another. At UHY, our GST Team is established with experienced individuals from various fields of expertise and have exposure to GST overseas.
We are here to assist and ensure that complications are minimized to allow GST to be transitioned into your business with minimal disruption. We shall also advice you on establishment of sustainable procedures in place to avert unnecessary errors and penalties.
We are able to assist you with a full range of GST matters, including:
The UHY GST team brings together skilled and experienced professionals with GST, tax and commercial knowledge to cater to the needs of clients.
Despite the complexities embedded within the GST world, we apply our expertise to identify the impact that GST may have on your businesses, provide solution as necessary and deal with a wide range of GST issues as presented to us.
We also aim to educate you and your GST compliance members by providing the technical advice required, keeping you alert of the constant changes in legislations and sharing our knowledge via training sessions.
Where your business includes any international aspects, we have access to the expertise of UHY member firms, our international network which are present in major business centres throughout the world.
(Left to right: Dr Fam Seng Choy, Tax Director, Fam & Associates Consulting Sdn Bhd; Mr Gabriel Teo Chun, Partner, GTC Associates; Puan Zuraini Othman, Senior Assistant Director of Customs II, Royal Malaysian Customs Department; Mr Alvin Tee, Senior Partner, UHY in Malaysia; Mr Tan Sim Kiat, Deputy Director of Customs II, Royal Malaysian Customs Department; Mr Patrick Chin, Head of GST Compliance & Tax Advisory, UHY in Malaysia and Mr Loh Chye Teik, Partner, UHY in Malaysia)
Our inaugural UHY GST Seminar for year 2014 was held on 16 April 2014 at The Gardens Hotel & Residences, Mid Valley City, Kuala Lumpur that marked our high profile event in supporting our clients Towards Successful Implementation. The seminar was attended by over 200 delegates from various industries in gaining in-depth knowledge on how GST impact their businesses, with a special highlight on GST for property development and construction industries.