YC Consultancy

YC Consultancy Firm registration no.

NF 2438

We are committed in creating long-term value for clients by offering a one-stop business consultancy service specializing in internal audit & risk management, cosec, accounting and tax services.

29/01/2025

Wishing everyone a Happy Chinese New Year! 🐍✨

May the Year of the Snake bring wisdom, resilience, and exciting new opportunities. Here’s to a year filled with prosperity, success, and fresh beginnings. Thank you for being part of this journey—we look forward to achieving greater things together! Gong Xi Fa Cai! 🧧🍊🎉

May the blessings of Hari Raya fill your home with joy, peace, and endless prosperity. Wishing all my Muslim friends a h...
10/04/2024

May the blessings of Hari Raya fill your home with joy, peace, and endless prosperity. Wishing all my Muslim friends a heartfelt Selamat Hari Raya Aidilfitri! 🌙🕌✨

09/02/2024

May the Year of the Dragon bring you moments of warmth, love, and cherished connections. Wishing you a Happy Chinese New Year filled with abundant blessings! 🐉🍊🧧

24/12/2023

Wishing everyone a festive season adorned with joy, and a new year filled with possibilities and prosperity. Merry Christmas and a Happy New Year! 🎄🌟🎉

Selamat Hari Raya to all our Muslim friends!
21/04/2023

Selamat Hari Raya to all our Muslim friends!

and (manuals) are vital for companies to establish consistent guidelines and communicate management's vision. Howeve...
31/03/2023

and (manuals) are vital for companies to establish consistent guidelines and communicate management's vision. However, many have outdated or no manuals.
Having good policies & procedures can
automate a company, employees can always refer to the manuals without much guidance needed.
The following should be taken:

1️⃣ the need for policies.
2️⃣ the purpose of the policy.
3️⃣ the policies to employees.
4️⃣ & update policies regularly.

Written policies communicate company rules, delegation of authority, impartial administration, and evidence for governance. Procedures provide clear on how to implement policies and establish for employees.
Policies and procedures should be regularly reviewed by the internal auditor to ensure its effectiveness & adequacy. The policies should cover key activities and be assigned to a position within the company. The objective is to create easy-to-understand policies and procedures that provide clear guidelines for everyone to follow.
In summary, having updated policies and procedures is critical for companies to ensure compliance and to operate efficiently and effectively.

Wishing our Muslim friends a Happy Ramadan!
23/03/2023

Wishing our Muslim friends a Happy Ramadan!

have the duty to perform an audits to ensure compliance with internal and industry standards.An internal auditor...
23/03/2023

have the duty to perform an audits to ensure compliance with internal and industry standards.
An internal auditor for a large chain discovers discrepancies in the records for a particular store. They investigate further and found that the store manager has been reporting inventory levels to meet sales targets and receive bonuses. The internal auditor the findings to the company's , and the manager and employees involved were .
3 to improve above situation are:
✅Implement a strong protection program to encourage employees to report any instances of fraud, waste, or abuse without fear of retaliation.
✅Establish a system for audit recommendations to ensure that they are implemented promptly and effectively.
✅Use technology to audit processes and improve efficiency.
By implementing the recommended solutions, organizations can strengthen their internal control and enhance their ability to their goals and objectives.

Did you know that plays a vital role in ensuring that a company's internal controls are effective? Internal audit help...
17/03/2023

Did you know that plays a vital role in ensuring that a company's internal controls are effective? Internal audit helps companies in their internal controls and provides for improvement.
Effective internal controls are essential for financial losses, protecting company assets, and ensuring compliance with regulations. Internal audit can help a company establish and maintain robust internal controls by:
• Conducting risk to identify potential areas of risk and recommending measures to mitigate them.
• Evaluating the of internal controls and identifying areas where they can be strengthened.
• Providing on the design and implementation of new internal controls.
By working closely with internal auditors, companies can ensure that their internal controls are aligned with their and are effective in mitigating potential risks. Internal audit can also help companies stay up-to-date with changing regulations and industry best practices, ensuring that they are -prepared to meet new challenges.
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[ us] today to know more about internal audit!

One of the most important internal control measure is of duties, which ensures that no single person has the to comp...
09/03/2023

One of the most important internal control measure is of duties, which ensures that no single person has the to complete a process or transaction from start to finish. One individual having entire control over a process makes it easy for them to the system and hide fraudulent activity, making it challenging for the business to identify and stop such activity.
Let's say a worker is in charge of reconciling the company's bank account as well as collecting payments from clients. The employee might simply manipulate the books in such a scenario by misappropriating customer payments and failing to record them. Moreover, the employee could easily manipulate the reconciliation process by failing to reconcile the bank account correctly or hiding discrepancies, resulting in inaccurate financial statements.
Here are 3 to mitigate the above risk:
• Assign employees to different tasks in a process, ensuring that no one employee has control over an entire process from beginning to end.
• Design and document to ensure that no single employee can override internal controls.
• Periodically and update internal controls to ensure that they remain effective and efficient.

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[ us] today to know more about internal audit!

ESG have a significant impact on a company's . It can influence a company's valuation in several ways: : As stakeholder...
06/03/2023

ESG have a significant impact on a company's . It can influence a company's valuation in several ways:
: As stakeholders prioritise ESG considerations, companies with a strong ESG reputation may command higher valuations.
performance: ESG factors can have a direct impact on a company's financial performance by lowering operating costs, enhance efficiency and increase revenue from environmentally friendly products or services.
management: Companies that have strong ESG practices are better positioned to manage the risks associated with climate change, social issues, and governance failures.
compliance: Companies that follow ESG regulations and standards are less prone to face legal, financial, and reputational risks that can harm their valuation.
Access to : Companies that have strong ESG practices are more likely to access capital from investors who prioritise sustainability, which benefits their valuation.
To sum up, investors and stakeholders now consider ESG as an important factor in deciding a company's worth.

Need of help with your in your financial report? Let us help you with only per mth!For only RM600 per month, you c...
21/02/2023

Need of help with your in your financial report?
Let us help you with only per mth!
For only RM600 per month, you can get specialised Sustainability Statement help to your financial reporting . We have the expertise and experience to assist you whether you are a small business owner or a large !
Our expert team will work closely with you to understand your specific needs and requirements, and will then provide you with a tailored to meet those needs. You will be able to present a Sustainability Statement that reflects your commitment to and with our assistance.
us now to learn more about our Sustainability Statement services.

Address

3-2 The Boulevard Office, Lingkaran Syed Putra, Mid Valley City
Kuala Lumpur
59200

Opening Hours

Monday 09:00 - 17:30
Tuesday 09:00 - 17:30
Wednesday 09:00 - 17:30
Thursday 09:00 - 17:30
Friday 09:00 - 17:30

Telephone

+60192232479

Website

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