Posted by mbge7clt > 2020-09-18 07:24 | Report Abuse

is it competing with Revenue? tq

Posted by moneykj > 2020-09-18 17:22 | Report Abuse

Mtronic......Huawei

Posted by KLCI King > 2021-01-04 22:21 | Report Abuse

Really eye opening..... Audit bank confirmation is selling point for this company? Oh my god, pengsan....

Let do the math:

1) 400 audit firms = each has no of clients of 500
2) Estimated each client company has opened 1.5 bank accounts.
3) So, total bank confirmation needed = 300,000 PER YEAR!!!

What is estimated fee can charge for each confirmation? RM1? RM2? RM10?

Posted by KLCI King > 2021-01-04 22:28 | Report Abuse

Traditionally, audit firms issue requisition for audit bank confirmation to bank for the client company via ordinary postal mail and bank will reply audit confirmation also through ordinary postal mail.

bank charges the bank account holders for issuing these confirmation are ranging RM50-RM100, depending complexity of the bank products the company has with

LOOK HERE, BANK CHARGE BANK ACCOUNT HOLDER AND ALL DONE VIA ORDINARY POSTAL MAILS

It is now AppAsia offers the alternative way in place of ORDINARY POSTAL WAY.

What do you think how much they can charge bank?