CH International Advisory to probe Astral Supreme accounts

KUALA LUMPUR: Messrs CH International Advisory Sdn Bhd has been appointed by Astral Supreme Bhd to conduct an investigative review of the group's financial statement for FY ended Dec 31, 2011 to 2013.

It said on Friday the investigative review would start on Aug 18, 2014 and it was expected to be completed within two months.

Astral Supreme said the investigative review of the financial statement for the three years other than those performed by Messrs PKF Advisory Sdn Bhd for the financial year ended Dec 31, 2013.

"Following the findings of CH International, the board will deliberate and decide on the next course of action," it said.

The company said CH International's scope of work would include other than those highlighted by the external auditors, Messrs Morrison Anuaral Azizan Chew & Co, and performed by Messrs PKF Advisory Sdn Bhd for FY Dec 31, 2013.

"However, equal emphasis of work on the unusual sales transactions, outstanding trade receivables, unusual large payments, deposit without supporting documentation and contra property as partial settlement will be carried out by CH International for FY ended Dec 31, 2011 and 2012 which also form part of the further investigation mentioned in Messrs PKF Advisory Sdn Bhd's report.

"In addition to the above, it will also include the retroactive review of transactions, review of company records, review of management accounts, perceptive interviews, review of personnel files of selected staffs and authorised manual document and record searches if required in selected staff's offices," it said.
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