A Delima Company Background
Tengku Hibatul Azzim bin Tengku Abdul Halim
Farah Amylea Binti Azizan
Ahmad Naufal Trash can Azhar
Norasila Md Isa
Delima Sdn. Bhd. begun by En. Zayed.
The staff from the company will be amongst members of the family
(Figure 6th. 1)
It conducted trading and man electric power supplies pertaining to oil
and gas and engineering services.
The corporation had been awarded with several
Its total revenue for 2004 and 2005 were nearly
RM 1 . 0 and 1 . 7 , 000, 000.
Number 6. you
En Salam HR &
well worth RM750
& Company to
assertions for the last two
years needed to be issued to
the bank to get application of
Question & Answers
Were there any kind of abuses of
power by the management or
breach of Directors' fiduciary
1 . Fiduciary duties will be:
To behave in good faith
To exercise affordable care, skill & homework.
Not to make a profit away of their placement of trust and
To never put themselves in a position of conflict.
Not to act for their own profit or the benefit for a 3rd Party
Don't act in the company's best interest.
Make use of incompetent members of the family
Personal expenses and drawings billed to the business. –
purchases of personal car & funds withdrawals of
The Administrators were incompetent – Owners are expected to achieve the knowledge, skill and knowledge expected of them
Who have should be held responsible
Appoint incompetent staff.
Simply no SOP
In charge of all financial related concerns.
drawings & expenses billed on provider's accounts.
Could the review be finished
soon with no qualification?
3. A great unqualified Examine Opinion is when an Auditor concludes the Financial Assertions give a accurate and fair.
Zero, the examine cannot be finished soon without the
Incomplete information & record can prolong the audit method.
Their impossible to get a great Unqualified Audit report very quickly because of a couple of years lack of statutory Audit.
The internal power over the company is usually poor
What must be done to
increase the leadership and
Establish the SOPs
Even more training, workshop, studies
Employs skilled and knowledge employees
Segregation of duties.
Internal audit (if possible)
Right documentation. Organized documentations.
Better program and included system
Appoint independent director