This is an audited reports for Badan Pengurusan Bersama (JMB) Bayu Villa Statutory Financial Statements Year Ended 31st December 2015.
This is the actual reports most people are waiting for after been delay and drag for almost 2 years to complete it. The delay has causes so many unwanted issue including the resignation of the Bayu Villa's Treasurer.
The reason for the delay was due to misunderstanding occur and a precaution approach and measure taken by the President in examining the accounts. This happen because the President has no faith, confident or believe that the previous former Treasurer's Bayu Villa ability to handle the accounts accordingly when he terminate and appointed a new Auditor Firm to do it.
A sudden change in Audited Firm raise a doubtful on the contents inside the accounts as the President doesn't believe or trust the new appointed Audited Firm - KT Chan & Associate (KL) Sdn Bhd as the President feel something is fishy going around by changing the audited firm out of sudden.
After the former Treasurer terminate the firm in early February 2017 and appointed a new auditor firm, the firm managed to finish the audited account in the early month of March 2017.
8th March 2017
When the draft copies were given to the President, the President was doubtful about the contents and the figures show inside the draft presentation. With this doubtful figures couple with some influential from out side the President terminated the audited firm and appointed the previous audited firm that was first been appointed to audit the accounts (TCMK & ASSOCIATED (AF 0027)).
This audited firm has cause many issue and trouble by manipulating certain statement to the President and in the end the firm was not able to prepare it due to their inability to serve their services. Many phone calls were make by management to this firm went unanswered. This has drag for few weeks and it has been delay for few months. The quotation quoted also very high. That is the main reason why the previous Treasurer terminated this audited firm due to their inability to serve.
10th April 2017
In order to get the accounts prepare on time, the President decided to appoint a new audited firm. Even if the appointed firm able to finish and get it ready (2015) and audited the President still need to acknowledge it and sign it. If the President didn't agree with the contents of the audited account it would delay the preparation for the financial account ended 2016.
Based on the audited firm finding (Weld Asia Associates), they found out that the accounts has nothing wrong in the first place. It is almost the same with the second audited firm appointed and the account was in order to be audited. It just need to do some adjustments before getting it ready to be audited.
A claim that some funds have been misplace or an amount of money have gone missing also didn't exist at all. The contents of the financial reports is the same as the previous engaged auditor.
In order to find out more detail about the delay of the financial account, please click the link below to find it out.
9th May 2017
Surat Kepada COB Klang Memohon Bantuan Menyelesaikan Isu Lapuran Kewangan Perakaunan 2015
Preparation for the Statutory Financial Statements For The Year Ended 31st December 2016 is ongoing. Based on the information given, the accounts will be ready by year end.
