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Audit approach
Designing a tailored audit programme customised for your business, we will combine the collective skill and experience of assurance professionals around the world to deliver an audit that is efficient and provides assurance to your key stakeholders.
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Audit methodology
We have adopted Grant Thornton International's Horizon audit approach and Voyager software, a revolutionary paperless audit designed to achieve a consistent standard of audit service.
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MFRS
At Grant Thornton, our MFRS advisers can help you navigate the complexity of financial reporting.
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Our local experts
Our local experts
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Tax advisory & compliance
Our teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
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Corporate & individual tax
Our teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
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International tax & Global mobility services
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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Indirect tax
Our indirect tax specialists help clients in effective planning; assist to bring clarity to the legislation; assist and advise in audits or investigations. It is important for all entities, whether or not required to register for Sales Tax or Service Tax to analyse the impact of the taxes on their business operations, their revenues and expenses, and their customers and suppliers.
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Tax audit & investigation
Tax audit and investigation
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Transfer pricing
Transfer pricing
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M&A, Restructuring & Forensics
Forensic
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Corporate finance
Whether you are raising capital, disposing of a business or seeking a wider market for your company's shares on a stock market, we are ready to help make it a successful and stress-free experience for you.
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Business risk services
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
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Recovery and reorganisation
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
Balancing Health with Employment
Dato NK Jasani, Country Managing Partner of Grant Thornton Malaysia PLT comments:
KUALA LUMPUR, 17 April 2020: It is sad to read the recent news that over 5 decades strong garment group, Esquel Malaysia, is closing its operations and retrenching all the workforce.
This garment group has factories in Penang and Kelantan and employs more than 3,000 workers.
Unfortunately, there will be many more such closures plus retrenchments and downsizing of workforce due to the Covid-19 pandemic.
Health is of course even more important. The Government is doing a good job with the MCO lasting 6 weeks and ending on 28 April.
The Government now needs to also take a more focused approach of testing and treating the high clusters areas.
At the same time, it will be good for the Government to allow offices, shops and factories to resume operations after 28 April 2020 with all the required precautions.
To ensure that there is no new spread of Covid-19, all the restaurants, coffee shops, schools, universities and religious places could still be closed for a longer time. Additionally, not to allow any events where there could be a gathering of people like night or Ramadan markets.
However, with all the required precautions, offices, factories and shops should be allowed to operate. These strict precautions to include daily temperature checks, using sanitizers, washing hands, wearing face masks, anti-virus fogging and social distancing.
Companies must also use video conferencing for meetings and report and act immediately on any health concerns. The business’ concerns must be strictly held accountable but be allowed to operate under the stipulated conditions. If there is a delay in implementing the above, we will have numerous business failures, high unemployment and growing pockets of poverty.
Additionally, EPF could certainly do more for the cashflow of employers and thereby preserving employment in these critical times. EPF should consider freezing EPF payments from both employers and employees for 3 months, ie. from April to June 2020. This amount of funds will definitely be helpful and be the make-or-break for the survival of marginal companies and their employees.
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Further enquiries, please contact:
Charmane Koh
Senior Manager, Corporate Affairs
Grant Thornton Malaysia PLT
T: +603 2692 4022
M: +017 3384563