PenangUnit 1-3-5, No. 1 Jalan P. Ramlee10460 PenangT: +60 4288 8258 / 8257 F: +60 4288 8259

SerembanLevel 2, Wisma Sindu37 Jalan Dato’ Bandar Tunggal70000 SerembanT: +60 6762 2518 /763 8936 F: +60 6763 6950

Sabah – Kota KinabaluLot 12, Block A, 3rd FloorWarisan SquareJalan Tun Fuad Stephens88000 Kota Kinabalu, SabahT: +6088 255 373 F: +6088 221 380

Sabah – TawauNo.194 to 195, 2nd Floor Block B & C, Wisma DS, Jalan Bakau91000 Tawau, SabahT: +6089 771 704 F: +6089 764 131

An independent member of Baker Tilly International

Volume 07 MAY 2015BTINSIGHT

Celebrating OurSuccessesYBhg Dato’ Heng Ji Kengconferred DIMP

Impending Dramatic Changesto the Form of the IndependentAuditor’s Report

Client Success Stories- Stephanie Chai

Baker Tilly Firm Expansions

Audit | Tax | Advisory

Enriching The Community

Baker Tilly places an emphasis on supporting efforts to enrich the community, especially on the less fortunate children through various initiatives. Over the years, we have been actively involved in a broad range of activities ranging from charitable giving, fund-raising programs and volunteerism to ensure these less fortunate children will continue to receive the care and development for a brighter future.

As a responsible Firm that demonstrates excellence in all areas, we continuously make efforts in preserving the global environment as well as adding value to the lives of others.

About Baker Tilly

Baker Tilly is the 6th largest accounting firm in Malaysia that provides a range of accounting and advisory services to a broad spectrum of clients, from public companies to privately owned businesses.

The Management and staff of Baker Tilly are committed to the delivery of quality work and to make a positive contribution to the well-being of the environment and the communities we work in.

"Love knows no boundaries - Let's brighten up a child's life."

An independent member of Baker Tilly International

Baker Tilly is a trading name of Baker Tilly Monteiro Heng and its related entities

Committed to Corporate Responsibility

Volume 07 MAY 2015 3

NEWS BRIEFS

Amidst the many negative sentiments, it is important to ensure that our attitudes remain positive and our perspectives right. This reminds me of the famous Bata shoe story, which I will simplify here for easy reading.

Two shoe salesmen were sent to Africa to see if there was a market for their product.

One salesman came back and reported, “Nobody wears shoes in Africa. There is no market for our product.” The other salesman came back and reported, “Nobody wears shoes in Africa. There is a HUGE market for our product!”

I’m sure we all know how this story ended.

In this issue, we have also updated readers with some of our activities since the April 2014 issue, notably the Firm’s expansion into Sabah and Johor Bahru. We would also like to draw your attention to page 26 of this issue where we have highlighted impending major changes to the Form and Content of the Independent Auditors’ Report, which will soon affect all companies.

At Baker Tilly, we are committed to continually provide high quality service to our clients. But this doesn’t mean that we do not know how to let our hair down once awhile. Do read about staff events on page 12, 13, 32 and 34 of the issue.

Let me leave you with something I read recently:

Life is best for those who enjoy itDifficult for those who compare itWorst for those who criticise itYour own attitude defines your life

I wish you all happy reading.

Thank you.

Dato’ Heng Ji KengExecutive Chairman

M e s s a g e f r o m t h e

E X E C U T I V E C H A I R M A NW I N N I N G AT T R I B U T E S

Welcome to another issue of INSIGHT. We are well into the year 2015 by now. Many expect a tough year for the country with our currency depreciated and market conditions uncertain. However, we have overcome a year of adversities in 2014. We can surely withstand the tides of 2015, come what may.

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MESSAGE from the Executive Chairman

NEWS BRIEFS Heartiest Congratulations to Yang Berbahagia Dato’ Heng Ji Keng Baker Tilly shortlisted for Social Networking Champion of the Year in The International Accounting Bulletin Awards Steady Growth – Baker Tilly (Malaysia) Firm Expansions - New Coverage in East Malaysia – Chang & Associates Joins Baker Tilly Malaysia Network and Rebrands as Baker Tilly CKF - New Coverage in the Southern Corridor – Huang Yan Teo & Co. Joins the Baker Tilly Malaysia Network and Rebrands as Baker Tilly HYT

WHAT‘S HAPPENING AROUND THE NETWORK DHC Becomes Member of Baker Tilly International, Creating a Major Presence in India Baker Tilly Virchow Krause and ParenteBeard to Merge Baker Tilly International Reports 5% Increase in Global Revenues

EVENTS Baker Tilly Amazing Race Baker Tilly Social Club Annual Dinner – Back to School 2014 Asia Pacific Collaboration Summit Goods and Services Tax (GST) Seminar 2015 Tax and Business Seminar

OUR PEOPLE Lock Peng Kuan named as Vice-Chair of the ACCA Global Forum for Audit & Assurance and appointed as Member of the Industry Advisory Board at HELP College of Arts and Technology (HELP) Andrew Heng appointed as Council Member of Baker Tilly Asia Pacific Committee Liew Kim Yuen, New Corporate Recovery Director in Ferrier Hodgson (Malaysia) Patrick McPhee Rejoins Corporate Advisory Team as Corporate Recovery Director

INDUSTRY & CLIENTS’ ACHIEVEMENTS OCK Group Bhd Transfers to the Main Market

NEW ENGAGEMENTS Advanced Micro Global Services (M) Sdn Bhd Brem Holding Berhad City-Link EcoWorld Development Group Berhad Marie France WZ Satu Berhad

FEATURES Valuing Equity Interest Impending Dramatic Changes to the Form and Content of the Independent Auditor’s Report

CLIENT SUCCESS STORIES Stephanie Chai – Founder of The Luxe Nomad

IN THE NEWSLIFE AT BAKER TILLY Build Relationship Across the Nation and Beyond: Baker Tilly Secondment Story

WORK.FUN.PLAY.

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EditorStella Wong

DesignFiona Leong

Published byBaker Tilly MalaysiaBaker Tilly MH TowerLevel 10, Tower 1 Avenue 5Bangsar South City59200 Kuala Lumpur

PrinterTriple Colour Sdn BhdNo.29, Jalan 1/38CTaman Sri Kepong Baru52100 KepongKuala Lumpur

@Baker Tilly Malaysia, May 2015PP 18531/08/2014(033957)

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HEARTIEST CONGRATULATIONS TO YANG BERBAHAGIADATO’ HENG JI KENG

NEWS BRIEFS

On behalf of all the staff of Baker Tilly, we would like to extend our heartiest congratulations to our Executive Chairman, Yang Berbahagia Dato’ Heng Ji Keng, on being conferred with the Darjah Indera Mahkota Pahang (D.I.M.P) which carries the title “Dato” by Sultan Ahmad Haji Ahmad Shah Al-Mustain Billah ibni Al-Marhum Abu Bakar.

It is a great honor for Yang Berbahagia Dato’ who has made a significant contributions to the development of the accountancy profession in the nation. As part of the Baker Tilly team, his achievements are certainly a source of pride and have inspired us to continue delivering high quality service, with the emphasis on integrity, transparency and accountability. Once again, well done Dato’ for a recognition well deserved!

Baker Tilly (Malaysia) Shortlisted for Social Networking Champion of the Year in The International Accounting Bulletin AwardsWe are thrilled to announce that Baker Tilly (Malaysia) was shortlisted for Social Networking Champion of the Year at the International Accounting Bulletin Awards 2014. This award acknowledges a network firm who has made significant progress in building its social media network such as Facebook, Linkedin, Youtube and has demonstrated most creativity and innovation in their social media strategy. It was our first time submitting the entry and we were pleased to be named the top 2 finalists amongst our industry peers. Commenting on being shortlisted, Joe Heng, Partner of Baker Tilly said: “We are delighted to have been shortlisted for this prestigious award. It is a recognition that reflects our hard work, commitment and team effort to make Baker Tilly one of the leading firms that is ready to reap the benefits of social media to embrace the new way of communications with our clients, business partners and colleagues.”

The International Accounting Bulletin Awards is an annual event that acknowledge and celebrate accounting achievements over the past year and shine light on individuals and businesses that have moved the industry forwards.

From left: YBhg Datin Chew Kim Eng and YBhg Dato’ Heng Ji Keng

Baker Tilly Malaysia

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Baker Tilly (Malaysia) Firm Expansions

This significant growth is certainly a testament

to our long-term strategy of strengthening our

local presence.

2014 was a challenging year for Malaysia, following the slow market conditions and several unfortunate incidents that dampened the nation’s spirit. Despite

these continued hurdles and challenges, we are thankful for another year of steady growth and the

addition of two new offices in Sabah and Johor Bahru, to cater for the increasing needs of the growing

business community and corporations. This significant growth is certainly a testament to our long-term

strategy of strengthening our local presence.

Baker Tilly Malaysia

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NEWS BRIEFS

NEW COVERAGEin East Malaysia

YBhg Dato’ Heng (fifth left) and YBhg Datuk Chang (fifth right) accompanied by partners from both firms.

The firm, through the offices in Kota Kinabalu and Tawau, will now be able to tap into an international network of resources to cater for the increasing needs of the growing business community and corporations in Sabah.

“

“Chang & Associates Joins the Baker Tilly Malaysia Network and Rebrands as Baker Tilly CKFAfter three decades of serving clients primarily in West Malaysia, we are pleased to announce that we have expanded our business operations to Sabah with the addition of Chang & Associates (now known as Baker Tilly CKF), a highly reputable firm with 30 years of history, to the Baker Tilly family. Chang & Associates was established in 1982 by the firm’s senior partner, Datuk Ricky Chang Kon Fah, who is no stranger to the business community in Sabah. An official reception was held to celebrate this momentous occasion at Le Meridien Kota Kinabalu, Sabah on 21 August 2014. The function was attended by over 100 guests including business partners, clients, representatives from various associations and members of the media. Speaking at the cocktail reception, Executive Chairman of Baker Tilly (Malaysia) YBhg Dato’ Heng Ji Keng said: “We are delighted to welcome Chang & Associates to the Baker Tilly family. The firm, through the offices in Kota Kinabalu and Tawau, will now be able to tap into an international network of resources to cater for the increasing needs of the growing business community and corporations in Sabah.”

YBhg Datuk Ricky is also confident that joining the Baker Tilly Malaysia network is a decision that will bring about synergistic benefits, not only for both firms, but also for the Sabah Business Community.

Managing Partner of Baker Tilly CKF, Chong Ken Vun said “Leveraging on Baker Tilly’s network and resources, we are well-placed to continue to provide the highest quality of service to our existing clients as well as targeting new ones.”

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NEWS BRIEFS

NEW COVERAGE in the Southern Corridor

YBhg Dato’ Heng Ji Keng (second right) and Huang Yan Teo (third left) at the grand ceremony accompanied by the Guest of Honor YB Tan Sri Datuk Seri Shahrir and Baker Tilly partners.

We are proud to join the Baker Tilly Malaysia Network, one of the strongest Baker Tilly International network firm in Asia.

“ “

Baker Tilly Malaysia

Huang Yan Teo & Co. Joins the Baker Tilly Malaysia Network and Rebrands as Baker Tilly HYT

It gives us great pleasure to announce the admission of Baker Tilly HYT to the Baker Tilly Malaysia network, bringing the total number of our offices to nine and extending our reach

to southern state of Johor.

Baker Tilly HYT is a highly respectable firm in Johor Bahru that was established in 1976. The firm

provides a range of professional services including internal and external audit services, tax and advisory services with a

particular expertise in managing small and medium-sized enterprises portfolios.

Baker Tilly HYT organised an official reception to celebrate the rebranding of the firm as part of the 6th largest accounting firm in Malaysia on 18 December 2014. The official ceremony was witnessed by the Guest of Honor YB Tan Sri Datuk Seri Shahrir Bin Abdullah Qureshi Samad, Member of Parliament for Johor Bahru. Also present at the event were Foong Daw Ching, Chairman of Baker Tilly Asia-Pacific, Sim Guan Seng, Managing Partner of Baker Tilly TFW (Singapore), partners of Baker Tilly Malaysia, as well as clients of Baker Tilly HYT.

“We are proud to join the Baker Tilly Malaysia Network, one of the strongest Baker Tilly International network firm in Asia.” said Huang Yan Teo, senior partner

of Baker Tilly HYT. “Our shared core values of integrity, quality and a deep commitment towards excellent client service make this decision an excellent fit.”

YBhg Dato’ Heng Ji Keng, Executive Chairman of Baker Tilly Malaysia added: “We are pleased to welcome Baker Tilly HYT to our family. With their wealth of experience, deep

understanding of local business needs and a dedicated team of professionals, the admission of Baker Tilly HYT will certainly bring great value to our local clients, as well as underline our

commitment to the local marketplace.

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WHAT’S HAPPENING AROUND THE NETWORK

DHC Becomes Member of Baker Tilly International,Creating a Major Presence in India

Baker Tilly International has strengthened its presence in India by adding Desai Haribhakti Consultants (DHC) to its network.

Based in Mumbai, DHC is a multi-disciplinary firm with a wide geographic presence in a further ten locations, covering all the key cities in India. Under the leadership of Shailesh Haribhakti and Dilip Desai, the firm has 80 partners and directors and a further 1,300 professionals that provide accounting and assurance, taxation, risk advisory and corporate finance advisory services.

Geoff Barnes, CEO and president of Baker Tilly International said: “Being a member of the BRICS, India is considered to be one of the major growth economies of the future. DHC’s membership provides our network with a strong base to take advantage of the potential for growth and business

opportunities in the country. Working with the wider Baker Tilly International network, DHC offers both domestic and international clients an in-depth understanding of the local market, combined with the high level of service standards on which our members pride themselves.

“Additionally, a Global Centre of Excellence will be launched in India with the aim of creating a pool of professionals to readily serve global markets. In parallel, a skills institute will be set up in India designed to train graduates to be top class professionals able to meet the demands of the global business community.”

“We are confident that this initiative will transform the landscape of professional services in India and that the competence of Indian professionals in the accounting, corporate and tax world will be recognised globally”, said Dilip Desai, chairman of DHC.

We are confident that this initiative will transform the landscape of professional services in India and that the competence of Indian professionals.

“

“

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WHAT’S HAPPENING AROUND THE NETWORK

Baker Tilly Virchow Krause and ParenteBeard to MergeWe are pleased to announce that our affiliates Baker Tilly Virchow Krause, LLP (Baker Tilly) and ParenteBeard LLC have announced their merger and the combined firm will trade as Baker Tilly with the formal name of Baker Tilly Virchow Krause, LLP.

The combined firm will employ more than 2,500 professionals across 29 cities in the US, with total annual revenue of US$475 million – making Baker Tilly one of the 12 largest professional services firms in the US.

Commenting on the merger, Geoff Barnes, chief executive officer and president of Baker Tilly International said: “This is just one of a number of bold decisions our member firms and the network are making to ensure we are continuing to build on the strong foundations we already have in place. Our network is in great shape and I’m excited about the results our member firms are producing and the way our network is moving forward.”

“As independent members of Baker Tilly International, our two firms have worked collaboratively and successfully for many years and on many fronts,” said Baker Tilly chairman and chief executive officer Timothy L. Christen. “This merger is an opportunity for two successful, complementary firms to join forces and create even greater opportunities for our people, while broadening our geographic footprint and deepening our industry and service specialisation capabilities to better serve our clients as valued business advisors.”

A combined Baker Tilly will further expand and strengthen the firm’s presence in the northeast corridor of the US with a physical presence from the financial capital of the world (New York) to the US capital (Washington) helping to build the Baker Tilly brand in important markets.

Baker Tilly International Reports 5% Increase in Global Revenues

Baker Tilly International has reported annual revenues of US$3.6bn for the financial year ending 30 June 2014, a year-on-year increase of 5%. The network’s ranking has been maintained as the world’s 8th largest accounting and business advisory network.

Commenting on the results, CEO and president Geoff Barnes said, “To be recording our fourth consecutive year of revenue growth when the market remains as competitive and challenging as it does, and with the wider global recovery remaining subdued, is a result we are extremely proud of. It demonstrates our members’ focus on delivering consistent and sustainable growth. We recorded some really strong performances this past year in developing markets, including in Argentina, Colombia and Panama - and I see developing markets as a percentage of our total global revenues rising significantly in the coming years.”

Baker Tilly International is currently represented by 154 independent member firms in 133 countries and brings together 27,000 people in 693 offices worldwide.

Baker Tilly International

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EVENTS

Step out of the box – Baker Tilly Amazing Race is on the go!

Participated by over 150 staff from the audit, tax and advisory department, this team building event sought to foster stronger relationships and to improve team communication effectiveness. Before the event officially started, staff were asked to gather in the morning for a final briefing and breakfast. They were then separated into few groups, with 5 to 6 persons in each group, to complete the mission by using public transports such as Light Rail Transit (LRT), Monorail and bus.

The entire event took about one full day and despite the heavy downpour in the afternoon, staff enjoyed the game very much. Many activities that required mental, physical and creative strength were also carried out successfully.

A big thanks to Baker Tilly Social Club for organising another fantastic event that brought all of us together and making it one of the best team building experience for us.

Baker Tilly AMAZING RACE

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EVENTS

Baker Tilly Social Club Annual Dinner BACK TO SCHOOLOrganised by Baker Tilly Social Club, our annual dinner this year gathered over 400 staff and distinguished guests at Nexus, Bangsar South, celebrating the success we achieved in 2014. The theme, “Back to School”, was indeed fun and memorable as it brought us way back to the good old schooling days. During his opening speech YBhg Dato’ Heng Ji Keng, Executive Chairman of Baker Tilly (Malaysia) expressed his personal thanks to all staff for their hard work and contributions to the firm and wished everyone a greater year in 2015. He emphasized that in order to be succeed as a leader, it is important to have three important values in our lives - entrepreneurship, humility and family.

Apart from games and lucky draws, the highlight of the night was the special appearance by Esther Cheah (our Head of Quality Assurance

& Technical), who dressed up as a headmistress,

complete with a big pair of spectacles and wig. The staff and our guests enjoyed the night very much.

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EVENTS

The recent 2014 Asia Pacific Collaboration Summit held in Westin Hotel Kuala Lumpur attracted more than 70 delegates from Australia, China, Hong Kong, India, Japan, Malaysia, Singapore, Thailand, UK, and Vietnam. With the objective to promote consistent and high quality standards of financial and auditing practices within the Baker Tilly network, this annual regional training had three separate sessions - audit and accounting, corporate finance and corporate governance and risk management (CGRM) conducted by various experts around the region.

This is the third consecutive year Baker Tilly Malaysia hosted the training and we are glad that it was a success. A special thank you to staff at the global and Malaysian offices who assisted with arrangements for hotel, transportation and restaurants.

2014 ASIA PACIFIC COLLABORATION SUMMIT

This is the third consecutive year Baker Tilly (Malaysia) hosted the regional training and we are glad that it was once again a success.

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EVENTS

GOODS AND SERVICES TAX(GST) SEMINAR

A one-day seminar was conducted at the Nexus @ Connexion at Bangsar South in conjunction with the implementation of Goods and Services Tax (GST).

Covering a wide range of topics including the issues, challenges and obligations relating to implementing a GST, the seminar attracted more than 200 participants from across industries and practices, making this an important platform for business owners, finance professionals and general public to explore further on the GST topic and to understand how it works.

The pool of distinguished speakers & facilitator at the seminar were Anand Chelliah, tax leader of Baker Tilly Malaysia, Karen Lim, tax executive director of

Baker Tilly Malaysia, Tim Martino, indirect tax services manager of Baker Tilly Pitcher Partners (Melbourne) and Ooi Tong Jin, guest speaker from Vantage Point Consulting.

The seminar successfully garnered much interest and positive feedback, with interesting questions

and discussions continuing after the seminar. For any enquiries on GST, kindly email to gst@bakertillymh.com.my.

The seminar successfully

garnered much interest and

positive feedback

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EVENTS

2015 Tax and Business Seminar

In conjunction with the tabling of the 2015 budget announced by YAB Dato' Sri Mohd Najib Tun Haji Abdul Razak, Malaysian Prime Minister and the Minister of Finance, Baker Tilly hosted a tax and business seminar to shed light on recent tax changes and its implications for individuals and businesses.

Anand Chelliah, Baker Tilly tax leader, started off the seminar with an overview of the 2015 Budget Pronouncements, summarising the overall tax updates and sharing on tips and advise for tax opportunities. The next speaker, Karen Lim, Baker Tilly tax executive director then proceed to present the detailed budget highlights and updates on GST (Goods and Services Tax).

“With the economy continuing on a fiscal deficit position, meaningful corporate and income tax cuts do not appear to be tenable unless the Government’s operating and development expenditure plans are to be curtailed. The introduction of GST will inevitably place additional strain on already stretched disposable incomes,” said Anand Chelliah.

The second half of the seminar brought valuable information and thought leadership on issues surrounding corporate developments by Liew Kim Yuen, Ferrier Hodgson MH director who has extensive experience in the audit, merchant banking, commercial and regulatory sectors in Malaysia. The last topic of the seminar titled ‘why private equity’ was presented by our guest speaker from KV Capital Asia, Jeremy Tan. He shared with the audiences on the role and relevance of private equity in the corporate landscape. The seminar was a great success and attracted a good turnout of 100 participants from various industries including oil & gas, property, manufacturing and trading companies.

From left: Jeremy Tan, Anand Chelliah and

Liew Kim Yuen.

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Turn to next pageto read more about the

achievements of our people in the industry.

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OUR PEOPLE

Lock Peng Kuan named as Vice-Chair of the ACCA

Global Forum for Audit & Assurance and appointed as Member of the Industry

Advisory Board at HELP College of Arts and Technology (HELP)

Andrew Heng Appointed as Council Member of Baker Tilly Asia Pacific Committee

Congratulations to Andrew Heng, partner of Baker Tilly (Malaysia), who has been appointed to the Baker Tilly Asia Pacific Committee. Andrew will be working closely with other Asia Pacific Committee members to discuss, collaborate, and maintain governance within the network in areas such as technical know-how, internationalisation efforts in building cross-border business, training and resourcing, marketing and positioning.

Andrew is currently the Chairman of the Corporate Finance Committee of Baker Tilly Asia Pacific.

Liew Kim Yuen,New Corporate

Recovery Director in Ferrier Hodgson

(Malaysia)

Please join us to welcome Liew Kim Yuen, who has joined the Ferrier Hodgson team as the Director of Corporate Recovery.

Liew has extensive experience in the audit, merchant banking, commercial and regulatory sectors in Malaysia. He qualified with the Institute of Chartered Accountants in England & Wales and is a member of the Malaysian Institute of Accountants (MIA).

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OUR PEOPLE

Prior to joining us, Liew was with the Securities Commission Malaysia (SC) for 12 years. During his tenure with SC, he was tasked with the setting up of the Corporate Surveillance unit, after which he facilitated its operations and coordination with the relevant line units to provide timely and relevant information to the management for informed decision making.

Liew was also an advisor to the Malaysian Accounting Standards Board (MASB) and an observer

on the MASB Issues Committee. He was an observer on the MIA's Financial Reporting Standards Implementation Committee and had served as a Council Member of the MIA.

We are very excited to have Liew on board. With his extensive experience and knowledge in the industry, it will certainly bring great value to our clients and we look forward to working with him in strengthening the firm’s advisory services.

We are pleased to announce that a partner of the firm, Lock Peng Kuan, has been named Vice-Chair of the ACCA Global Forum for Audit & Assurance, in recognition of his contribution to the forum and having represented the forum at the recent forums symposium in London. The forum brings together experienced audit professionals from around the world and it advises ACCA on the development of audit policy, especially in relation to the development of international standards in auditing. The forum also aims to identify, evaluate and champion new and alternative forms of assurance that bring value to investors, business and the public.

In addition, Lock was appointed to the Industry Advisory Board at HELP where he will serve as an industry expert, advising the respective Centres of HELP on various aspects of the programmes. In particular, he advises the Centre on the academic and professional curricular, facilitate the links between the Centre and key stakeholders in the business sectors, and the relevant professional and industry organisations. Please join us in congratulating Lock on the new appointments.

Patrick McPhee Rejoins Corporate Advisory Team as Corporate Recovery Director

We are pleased to announce that Patrick McPhee, corporate recovery director of Ferrier Hodgson (Malaysia) has re-joined the firm as corporate recovery director.

During Patrick’s initial contract with Ferrier Hodgson in Malaysia, he held the role as lead partner for Investigation and Forensics assignments and Litigation Support Services.

Patrick has a Bachelor of Commerce degree majoring in Accounting and Finance from the University of Queensland and is an associate member of Chartered Secretaries of Australia. Patrick has more than 26 years’ experience in Corporate Restructuring, Forensics Investigations, Transaction Advisory, Corporate Recovery and Litigation Support Services.

On behalf of the Management and Staff at Baker Tilly, welcome back Patrick!

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INDUSTRY & CLIENTS’ ACHIEVEMENTS

Congratulations to our client OCK Group Berhad

(“OCK”) for successfully transferring to the Main

Market of Bursa Malaysia Securities Berhad

(“Bursa Malaysia”).

OCK was listed on the ACE Market of Bursa

Malaysia in July 2012 with a market

capitalization of RM93.24 million. For many

years, OCK has been recognised for its strong

business growth in the telecommunications

industry and the group has also ventured

regionally into countries such as Myanmar,

Cambodia, China, Singapore and Indonesia.

OCK's financial performance has delivered a

steady double-digit growth annually for the past

five years, with a reported revenue of RM152

million for the financial year ended Dec 31, 2013

(FY13) from RM45.9 million in FY09.

ACEMarket

MainMarket

OCK GROUP BHDTransfers to the Main Market

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NEW ENGAGEMENTS

NEW

Brem Holding Berhad

Brem Holding Berhad is engaged in general contracting, property development, property investments and investment holdings. It operates in four segments: civil engineering and construction, property development, property investments and investment holding, and water supply and services. It operates in Malaysia, Papua New Guinea. The Company's subsidiaries include Brem Construction Sdn. Bhd. and Brem Maju Sdn. Bhd, both of which are engaged in civil engineering and general construction; Harmony Property Sdn. Bhd., which is engaged in property development; Global Water Sdn. Bhd.; Naga Istimewa Sdn. Bhd., which is engaged in property development, contractors and investment holding; Cosmo-One Realty Sdn. Bhd., which is engaged in property investment and Titi Kaya Sdn. Bhd., which is engaged in property development.

Baker Tilly was appointed as the External Auditors of the Group.

Advanced Micro Global Services (M) Sdn Bhd

Advanced Micro Devices Global Services (M) Sdn Bhd (AMD GS) began as a cost center providing accounting services to all of AMD’s Asian entities in 2002. It started with determination and drive to evolve 32 years of finance tradition by setting up the very first shared services for AMD. The success of this organization helped to spawn the next wave of accounting functions transitions for the Americas and EMEA that resulted in the incorporation of AMD GS, a MSC Malaysia status company, in 2008.

Since its inception, AMD GS has moved up the value chain from a mere transaction house to one that now performs complex analytics to support the AMD’s Business Units and Sales Organization globally. The array of services provided have also expanded beyond finance to now include Global Payroll, Global Tax, Marketing Operations, Credit Operations, Global IT, HR and Procurement Shared Services.

Baker Tilly was appointed as the External Auditors of the Company.

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NEW ENGAGEMENTS

CITI-LINK

Found in 1979 by Founder and Dato David Tan, CITY-LINK is a fully integrated courier service provider offering domestics and international customers total logistic solutions. With two subsidiary companies, CITY-LINK Air Cargo and CITY-LINK Logistics, City-Link Express has expanded beyond the Malaysian shores and into Singapore, Thailand, Indonesia, Hong Kong, China, etc.

City Link Express takes pride for being a home-grown courier service company which has more than 25 years of history. Since its humble beginning, the company has evolve among one of the leaders in the local courier market front. City Link is recognized for being a pioneer in the introduction of bar-coded consignment notes, infusing the latest Information Technology to its own purpose-built head office with warehousing facilities. This clearly gives an indication of the vision of the entire City Link Group.

Baker Tilly was appointed as the External Auditors of the Group.

EcoWorld Development Group Berhad

Eco World Development Group Berhad is a public company listed on the Main Market of Bursa Malaysia Securities Berhad which is principally involved in property development.

The Company’s projects are strategically located within matured and fast-growing development corridors in the Klang Valley, Iskandar Malaysia and Penang. They have 12 projects under development in Malaysia spanning close to 5,000 acres which offer purchasers a wide array of products comprising affordable, upgrader and luxury homes, integrated high-rise developments and green business parks.

Through their associates, the EcoWorld brand has also extended to the United Kingdom and Australia with several exciting developments in London and Sydney lined up for launch in 2015.

Baker Tilly was appointed as the External Auditors of the Group.

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NEW ENGAGEMENTS

NEW

Marie France

Marie France Bodyline is Asia's leading network of slimming centre, it was originally established in Switzerland and now has a worldwide network that includes slimming centres in Singapore, Malaysia, Hong Kong, Indonesia, Brunei, Thailand, Macau and China. Since it establishment, the company help women in need to achieve their ideal body shapes. The company introduces the most updated and advanced technology and equipment for providing the best slimming services to their customers. They also equip their slimming consultants with the most updated training courses for them to obtain new and timely market knowledge.

Baker Tilly has been appointed as external auditors of the company.

WZ Satu Berhad

WZ Satu Berhad was incorporated under the name of Weng Zheng Resources Berhad and it was listed on 2 January 2008 on Bursa Malaysia Securities Berhad. On 22 October 2008, it changed its name to WZ Steel Berhad and only assumed the present name on 30 October 2013.

In October 2013, under the leadership and management of Yang Mulia Tengku Dato’ Sri Uzir Bin Tengku Dato’ Ubaidillah, the Group transformed itself into a diversified group with multiple revenue streams and reduced dependency on steel business.

The Group is now diversified into Oil and Gas Industry, Civil Engineering and Construction and Mining. Each business areas is managed by industry experts who have extensive experience. The principal operating units of the Group are WZS KenKeong Sdn Bhd, Misi Setia Oil and Gas Sdn Bhd, SE Satu Sdn Bhd and Weng Zheng Sdn Bhd.Baker Tilly has been appointed as the external auditors of the company.

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INTEGRAX:

FHMH Corporate Advisory Sdn Bhd (“FHMH”) was recently appointed by Intergrax Berhad as an Independent Adviser, pursuant to the Take-Over Code and Listing Requirements, to conduct a valuation on the equity interest of the Company.

Integrax Berhad, an integrated port operation in Perak, owns and operates Lekir Bulk Terminal located in Manjung Perak. The bulk terminal services mainly Tenaga National Berhad’s (“Tenaga”) coal-fired power plant located in Janamanjung.

FHMH’s valuation result was used as a basis by the principal advisers to advice

the minority shareholders

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VALUINGEQUITYINTEREST

Volume 07 MAY 2015

Tenaga has a 22.12% shareholding in Intergrax. Other large shareholders of Integrax are Golden Initiative Sdn Bhd (21.37%), a company controlled by the Non-Independent Non-Executive Deputy Chairman of Integrax, Amin bin Halim Rasip, and Tapan Merid Sdn Bhd (15.74%), a company controlled by Perak Corporation Berhad.

On 9 January 2015, Tenaga initiated a take-over offer to acquire all the shares of Integrax at an offer price of RM2.75 per share. A successful take-over offer will give Tenaga direct control over the handling of coal for its power plant.

The offer price of RM2.75 was opposed by Amin bin Halim Rasip as he believed that Integrax had a significantly higher enterprise and unlocked strategic

FHMH’s valuation result was used as a basis by the principal advisers to advice the minority shareholders not to accept the RM2.75 offer made by Tenaga, as it was significantly lower than FHMH’s valuation of RM3.60 to RM3.62 per share.

As a result, Tenaga subsequently increased its offer price to RM3.25 per share, which was accepted by the shareholders.

As Independent Adviser, FHMH worked closely with other professionals...

value with potential to further expand its business and reduce its reliance on Tenaga. This belief was also premised on the fact that the port is one of the few ports in the world with a natural deep-water access and is located on a trade artery between China and Europe. Amin therefore felt that the Integrax Shares should be worth no less than RM5.00 per share.

As Independent Adviser, FHMH worked closely with other professionals such as the principal advisers, the valuers, legal advisers, independent market researchers and other professionals to complete the task within a week. Using the Revalued Net Asset Valuation (RNAV) method, FHMH was able to ascribe a fair value of RM3.60 to RM3.62 per Integrax share.

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FEATURES

Independent Auditor’s ReportIMPENDING DRAMATIC CHANGES TO THE FORM AND CONTENTOn 15 January 2015, the International Auditing and Assurance Standards Board (“IAASB”) issued new and revised Auditor Reporting Standards, as well as its related conforming amendments, relating to the Form and Content of the Independent Auditor’s Report. These new and revised standards are intended to enhance the communicative value of the auditor’s report, to provide greater transparency about the audit that was performed, and to increase users’ confidence in the audit performed on the financial statements.

The new and revised standards do not change the scope of the independent audits, but require auditors to provide greater insights into the audit performed by enhancing the form and disclosure content of the auditor’s report.

What are the key enhancements to the auditor’s report?Amongst the key changes to the auditor’s report is the requirement to report Key Audit Matters in accordance with new ISA 701 Communicating Key Audit Matters in the Independent Auditor’s Report, as well as enhancing the information about an entity’s ability to continue as a going concern in accordance with revised ISA 570 Going Concern.

The table below provides an overview of the key changes in the new auditor’s report:

Key Audit Matters Key Audit Matters (“KAMs”) are the subject of a new standard, ISA 701.

Currently, significant audit matters are reported to the audit committee and board members in the form of a memorandum presented at the end of the audit. However, this information is not available to other users of the financial statements. The inclusion of KAMs in the auditor’s report is therefore intended to highlight those matters that, in the auditor’s judgement, were the most significant during the performance of their audit.

It is important to note that the “Emphasis of Matter” and “Other Matter” paragraphs pursuant to ISA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report are retained and such paragraphs cannot be used as a substitute for KAMs. The inclusion of KAMs in the enhanced auditor’s report also does not change the auditor’s underlying responsibilities in accordance with the ISA, nor does it change the responsibilities of the preparers of financial statements and those charged with governance.

As a general guide, the starting point in identifying KAMs is to look at the list of significant audit matters that were communicated to the audit committee and the board. From this list, the auditor has to determine which matters require their significant audit attention. This second list is then narrowed down further by identifying the matters which were the most significant in the audit of the financial statements of the current period. This final list will then form the KAMs.

In identifying the KAMs to be reported in the auditor’s report, the auditor must consider:

Changes applicable to all audits of all types of entities

Relocation of the auditor’s opinionThe auditor’s opinion is required to be presented first, followed by the Basis for Opinion section (including unmodified opinions), unless law or regulation prescribe otherwise.

Independence and other relevant ethical requirementsThe auditor’s report would include an explicit statement that the auditor is independent of the entity and has fulfilled the auditor’s relevant ethical requirements, with disclosure of the jurisdiction of origin of those requirements or reference to the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants.

Auditor’s responsibilitiesAn enhanced description of the responsibilities of the auditor and key features of an audit.

Enhanced auditor reporting on going concern, including:

Other informationA statement by the auditor on whether or not the other information (i.e. other than the financial statements and auditor’s report) is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated.

Changes applicable to audits of listed entities

Key Audit Matters A new section titled “Key Audit Matters” is to be included in the auditor’s report. Key Audit Matters (“KAMs”) are those matters that, in the auditor’s judgement, were the most significant during the audit of financial statements of the current period. KAMs are usually identified from the list of significant audit matters that were communicated with those charge with governance. Engagement partner’s nameThe auditor’s report will have to disclose the name of the engagement partner unless, in rare circumstances, such disclosure is reasonably expected to lead to a significant security threat to the individual. (Note: it is the existing practice to disclose the name of engagement partner in the auditor’s report in Malaysia)

a separate section when a material uncertainty related to going concern exists.descriptions of the management’s and the auditor’s responsibilities in relation to going concern.

areas of higher assessed risks of material misstatement, or significant risks identified during the audit; significant auditor judgements relating to areas that involved significant management judgement; and effect on the audit of significant events or transaction.

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FEATURES

Going Concern In line with calls by investors and other stakeholders to increase the focus on going concern matters, the IAASB made revisions to ISA 700 Forming an Opinion and Reporting on Financial Statements, to enhance the communications about going concern in the auditor’s report, as well as revisions to ISA 570 which applies to audit of all entities.

The revised ISA 570 enhances the auditor’s work relating to going concern disclosures by:

The diagram below provides an overview of how KAMs are determined:

In some circumstances, matters relating to going concern (including “close calls”) may be determined to be a KAM and communicated in the auditor’s report in accordance with new ISA 701.

On the other hand, when there is indeed a material uncertainty related to going concern, although it is by nature a KAM, it is reported separately in the “Material Uncertainty Related to Going Concern”.

Effective dateThe new requirements are effective for audits of financial statements for periods ending on or after 15 December 2016. Early application is permitted.

Key ChallengesThis new requirements on the auditor’s report will impact the entire financial reporting chain, including the preparers and those charge with governance as the drafting and agreement of KAMs requires continuous communication and significant coordination efforts between various parties. In Malaysia, coupled with the shortened timeframe for issuance of annual reports for listed entities, auditors, preparers and those charged with governance should communicate now on this “New Style” auditor’s report.

providing further guidance regarding the consideration of appropriate disclosures when a material uncertainty exists.

requiring the auditor to evaluate the adequacy of disclosures in going concern “close calls” situation. “Close calls” situation is where events or conditions were identified that may cast significant doubt on the entity’s ability to continue as a going concern but, after considering management’s plans to deal with these events or conditions, management and the auditor conclude that no material uncertainty exist.

including a new description of management’s responsibility for assessing the entity’s ability to continue as a going concern and whether the use of the going concern basis of accounting is appropriate, as well as disclosing, if applicable, matters relating to going concern.

including a new statement that the auditor’s responsibilities are to conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the entity’s ability to continue as a going concern.

requiring a separate section under the heading “Material Uncertainty Related to Going Concern”, drawing attention to those disclosures if the entity’s going concern disclosures are adequate when

a material uncertainty related to going concern exists; and

requiring a modified opinion as the first section of the auditor’s report if the entity’s going concern disclosures are inadequate when a material uncertainty related to going concern exists.

What is included in the description of a KAM?The description of a KAM in the auditor’s report always includes:

KAMs should:

Matters of most significance in the audit

Matters that required significant auditor attention

Matters that were communicated with those chargedwith governance

KAMs

why the matter was considered to be a KAM.how the matter was addressed in the audit. This may include (1) aspects of the auditor’s response or approach, (2) brief overview of procedures performed and (3) indication of the outcome of the auditor’s procedures and key observations with respect to the matter. a reference to the related financial statement disclosure(s), if any.

be entity-specific and the auditor should try to avoid generic, standardized or overly technical language. not imply that the matter has not been appropriately resolved by the auditor in forming the opinion on the financial statements or contain or imply discrete opinions on separate financial statement elements.

Are KAMs always communicated in the auditor’s report?

In extremely rare circumstances, the auditor is allowed not to communicate a matter determined to be a KAM when the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. This does not apply if the entity has publicly disclosed information about the matter.

If the auditor determines that there are no KAMs to be communicated, the KAM section would specifically highlight that the auditor has determined that there are no KAMs.

Unless required by law or regulation, when the auditor disclaims an opinion on the financial statements, the auditor’s report shall not include a KAM section. However, a KAM section is required for a qualified or adverse opinion.

This article was prepared by the Quality Assurance and Technical team of Baker Tilly Malaysia. For further information, please contact esthercheah@bakertillymh.com.my

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IN THE NEWSBTINSIGHT

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CLIENT SUCCESS STORIES

CLIENT SUCCESSSTORIES

Stephanie Chai

Ms Stephanie Chai, the founder and CEO of The Luxe Nomad, shares with us her journey in growing her business from an online start-up to becoming Asia Pacific’s leading luxury villa booking portal.

What does your work day involve?I start work around 9am. The great thing about running a start-up is that your role is always changing. We are about to launch our new site with a greater focus on villas so I just got back from a two-week stint in Europe to meet villa owners and view their properties. But if I’m not lucky enough to be on that jet plane then I’m in the office working with the team. That means catching up with the sales team as to how bookings are going, speaking to the online marketing team, and talking to the editorial team to work on ideas for our online travel mag, WanderLuxe. And then, of course, there’s monthly reporting for our investors. There is never nothing to do. I usually leave the office around 7pm or 8pm.

What do you do after work?I have a double life. When I’m visiting the KL office, I like nothing more than to stay in after work and catch an episode of Homeland, Scandal or House of Cards (sadly, those seasons are all over!). In Singapore, there’s always a lot of networking or people stopping over in the city, so drinks or dinner are more frequent. I love checking out new restaurants. My fave is Yazawa for BBQ Japanese beef that melts in your mouth. I literally take everyone who visits there for dinner, so much so that the manager, Judy, and I have become BFFs...

I generally get into bed around 11pm, but add on some WhatsApp, reading, jumping on Facebook/Instagram and (of late) a meditation session with my Headspace app… and voila, around midnight I (should) fall asleep!

CAREER INSPIRATION

What's the best lesson you've ever learned on the job? Not to follow advice blindly. Just because someone is in the role they are in, doesn’t mean that they are 100% right all of the time. Listen. Evaluate. Then decide for yourself.

What's your secret to being productive? I like to have a notebook (a little old-school) where I write down all the things I have to do in the day, and then I try my best to get everything ticked off.

What's the best career advice anyone has ever given you? Tough times don’t last but tough people do.

What advice would you give someone aspiring to launch their own start-up? Meet people who have done what you are trying to do, that is, launch a start-up, raise funds etc. It’s the fastest way to learn and to avoid mistakes that they may have made. I look at our social media strategy, which is a cumulation of what I’ve learned over this two-year period, and ironically I could summarise everything into two pages and hand someone some instant know-how!

How do you cope with setbacks? I read this great book by Eckhart Tolle years ago, A New Earth. In it there is a Buddhist story about the art of letting go. Two monks came to a river with a girl standing beside it, afraid to cross. One monk offered to carry her across. Hours later, the other monk said, "You know as monks we are not supposed to touch women?" To which the first monk replied, "I let her go hours ago, have you?"

As a friend of mine likes to say "sh*t happens" (pardon my French), and you just have to get up and move on. So whenever we have a problem, I already start thinking of the solutions. And you know what? Business is a lot like your personal life... things always turn out for the best, even when you don't think they will.

TELL US YOUR EXPERIENCE WORKING WITH BAKER TILLY AS A CLIENT

As a start-up, finding an auditor that was both professional was paramount to us. Baker Tilly ticked those boxes for us and were always available and on call for matters. Being in the travel industry, we rate everything in stars - so I am happy to say that Baker

Tilly gave us 5 star service!

Baker Tilly was appointed as the Reporting Accountants of The Luxe Normad.

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LIFE AT BAKER TILLY

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IN THE NEWS

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LIFE AT BAKER TILLY

Baker Tilly is excited to share that our very own Cindy Foo was seconded to Baker Tilly

Pitcher Partners in Melbourne to undergo a three-month secondment programme.

Find out what Cindy has to say about her experience working with

Baker Tilly Pitcher Partners.

BUILD RELATIONSHIP ACROSS THE NATION

AND BEYOND:Baker Tilly

Secondment Story

What work did you undertake whilst on secondment?

I was attached to the Business Advisory and Assurance (BAA) division, and worked mainly on projects related to audit and management accounting.

Why did you choose to be seconded?

I have never travelled to Australia, and therefore did not want to miss the opportunity to , not only visit the country, but to also experience the different living and working culture there.

How did you spend your weekend or free time in Melbourne?

I spent a lot of my free time with the other secondees. During the first week of our secondment, we had already penciled in weekend trips in our calendars for the duration of our secondment. We arranged many trips to famous sights in and around Melbourne such as the Great Ocean Road and Yarra Valley. We also had the chance to watch the Australian football game, “Footie”, which is a must-do when you are in Melbourne. Other great memories include weekend trips to places like Tasmania and Sydney.

Why did you choose to do it in Melbourne?

Quite simply, it was the reputation of the city. Several of my family, friends and colleagues have visited Melbourne and told me how amazing it is - and they are right! Melbourne City itself has a lot of history, beauty and character. And don’t even get me started on the delicious food! There was so much variety that I could hardly sample all in the three months I was there. On top of that, Melbourne has also earned a reputation as the coffee snob capital of the world with lovely coffee places everywhere in the city, which was great for a coffee-lover like me.

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LIFE AT BAKER TILLY

How have you found the Baker Tilly Pitcher Partners team?

They are very friendly. Even though it's the busy period for the Firm, everyone made time to come and introduce themselves. In addition, when I faced difficulties in work, all my teammates would spend time guiding me. I met a lot of interesting people from the Baker Tilly International Network and made many good friends.

“It was a great pleasure for me to visit such a beautiful city and spend three memorable months in Melbourne, Australia.” - Cindy Foo, Assistant Manager, Baker Tilly Monteiro Heng

What did you like most about working at Baker Tilly Pitcher Partners?

What I liked most was the people. Everyone was very friendly and excited for me to experience Australia, including the clients. They wanted me to make the best of my time there and always had good suggestions on places to go and things to exprience. My managers were really encouraging and helpful and I was given a diverse group of clients to work on.

What did you learn during the international exchange program?

I definitely learned more about IFRS, the nature of the accounting profession and had the opportunity to improve my English skills. I also learnt a lot from the different working methods of Baker Tilly Pitcher Partners. I think gaining a different perspective is always beneficial. By discussing the technical differences between how we do things in Malaysia vs Australia, I became more analytical about the differences in laws and standards driving our different methodologies. The secondment also allowed me to gain additional work experience in a new job, without having to actually permanently switch jobs.

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WORK.FUN.PLAY.

The happy feet of Baker Tilly?

Christmas Party 2014!

A group photo before we head to island hopping!

Outing Activities: BAKER TILLY LANGKAWI TRIP 12-14 December 2014

CHRISTMAS PARTY 2015 23 December 2014

It’s selfie time!

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WORK.FUN.PLAY.

HARI RAYA OPEN HOUSE 15 August 2014

Awesome day of Hari Raya celebration at our office. Staff and guests enjoyed the scrumptious Malay delicacies and everyone had a greattime of getting together.

Happy Birthday MR MONTE! ICAA (Malaysia Chapter) Annual General Meeting

A surprise for our birthday boy, Mr Michael JosephMonteiro, founding partner of Baker Tilly.

Our Executive Chairman, Dato’ Heng Ji Keng was chairing the Annual General Meeting (AGM) of The Institute of Chartered of Accountants in Australia (ICAA) Malaysia Members Group. Dato' Heng is the Chairman of the ICAA (Malaysian Chapter).

Internal training in progress…

Baker Tilly Audit Methodology Training

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WORK.FUN.PLAY.

CPA Australia Boot Camp, 13 Jan 2015

Sector Focused Career Fair Big Bang, 17 Jan 2015.

STUDENT ENGAGEMENTS

One of the most happening career fair that we have attended to date.Thank you to all those who visited our booth and we look forward to seeing you all at our next career fair!

Our friendly staff helpers are ready to help you to get a head start with your career. Any questions for us?

ACCA Myth Forum, 8 Dec 2014

HELP College of Arts and Technology 2014 Convocation, 31 May 2014.

Looks like the students were having a lot of fun during our interactive session at UTAR – Sg Long Student camp.

MMU Career fair, 6 Jan 2015

Office tour - Swinburne University Sarawak, 20 June 2014

We are delighted to be the sponsor of HELP CAT - ACCA Student Awards and congratulations to all students who have achieved great results in their exams!

Our firm partner, Bernard Tan, invited as one of the panelists sharing with MMU students on the topic "debunking myths in the audit industry" at ACCA forum.

Lock Peng Kuan (first right) at the ACCA Leaders of Tomorrow Orientation event. He is one of the mentors for the first batch of participants in ACCA’s Leaders of Tomorrow programme.

Office tour - Curtin University Sarawak,2 July 2014

Thanks to CPA and Talent Corp for having us to run a workshop for Malaysian studentswho studied aboard. It was a great sharing session indeed!

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WORK.FUN.PLAY.INDEPENDENCESTATEMENT

Baker Tilly Monteiro Heng is the auditors of World Vision and this information page is inserted as an initiative of corporate social responsibility only.

OURCONTACTOFFICES

For further information, please contact

Kuala Lumpur Head OfficeBaker Tilly MH TowerLevel 10, Tower 1, Avenue 5Bangsar South City59200 Kuala LumpurT: +603 2297 1000 F: +603 2282 9980info@bakertillymh.com.my www.bakertillymh.com.my

Branch Offices

Johor – Batu PahatGround Floor, Monteiro & Heng Chambers No.33, Jalan Penjaja 3Kim’s Park Business Centre83000 Batu Pahat, JohorT: +60 7431 5403 F: +60 7431 4840

Johor – Johor Bahru157-B, Jalan Sri Pelangi, Taman Pelangi 80400 Johor Bahru, JohorT: +60 7332 6925 /332 6926F: +60 7332 6988

KemamanT 11292, 2nd Floor, Jalan Kubang Kurus Taman Chukai Utama24000 Kemaman, TerengganuT: +60 9859 9286 F: +60 9859 9288

Labuan1st Floor, U0509, Lazenda Commercial Centre Phase 11, Jalan Tun Mustapha87000 Federal Territory of LabuanT: +60 8744 0800

PenangUnit 1-3-5, No. 1 Jalan P. Ramlee10460 PenangT: +60 4288 8258 / 8257 F: +60 4288 8259

SerembanLevel 2, Wisma Sindu37 Jalan Dato’ Bandar Tunggal70000 SerembanT: +60 6762 2518 /763 8936 F: +60 6763 6950

Sabah – Kota KinabaluLot 12, Block A, 3rd FloorWarisan SquareJalan Tun Fuad Stephens88000 Kota Kinabalu, SabahT: +6088 255 373 F: +6088 221 380

Sabah – TawauNo.194 to 195, 2nd Floor Block B & C, Wisma DS, Jalan Bakau91000 Tawau, SabahT: +6089 771 704 F: +6089 764 131

www.bakertillymh.com.my