Auditing

- External or Statutory Auditor
- Examination and Evaluation of the Financial Statements
- Review the activities and affects the business’ finances
- Review the accountings System and Internal Control
- Correctly and appropriately report as required by the laws
- Well-performing certification, and conduct value added audits for exploring potential areas of improvement of and leads the clients business to comply the certified standards.

Financial Accounting

Provides the Financial Statements monthly/ yearly and use of the Accounting principles with MFRS which is aligned with IFRS.

Cost Accounting

Provides the Management Team that the purpose of budget preparation and profitability analysis. The information derived from this process is useful to managers in determining which products, departments or services are most profitable and which ones need improvement.

Financial Management

Provide the companies and organizations to direct internal financial processes; monitor costs, sales, spending and budgets; identify past trends and predict future needs; and assist company leaders with financial decisions.

Internal Control

-Evaluated and improved to make a business operation run more effectively and efficiently.
-Preventing fraud and complying with laws and regulations.
- Systematically improve businesses, particularly in regard to effectiveness and efficiency
-Achieve a specific objective
-Reduce process variation
- Leading to more predictable outcomes.
- Identification and analysis of relevant risks to the achievement of objectives (Risk Assessment)
-Processes used to assess the quality of internal control performance over time (Monitoring)
- Information technology controls
- Provide reasonable assurance that internal controls involved in the financial reporting process.
- Discuss with management and major stakeholders the quality and adequacy of the organization’s internal controls system and risk management process, and their effectiveness and outcomes, and meet regularly and privately with the Director of Internal Audit;
- Review and discuss with management and approve the audited financial statements of the organization
- review with management and the effect of regulatory and accounting initiatives as well as off-balance sheet issues in the organization’s financial statements;
- Review and discuss with management the types of information to be disclosed and the types of presentations to be made with respect to the Company's earning press release and financial information
- Confirm the scope of audits to be performed by the external and internal auditors, monitor progress and review results and review fees and expenses.
- Review significant findings or unsatisfactory internal audit reports, or audit problems or difficulties encountered by the external independent auditor.
- Manage complaints concerning accounting, internal accounting controls or auditing matters;
- Support management in resolving conflicts of interest.
- Monitor the adequacy of the organization’s internal controls and ensure that all fraud cases

Taxation

Tax Advisory for Corporate Tax, Commercial tax, Capital Gain Tax, Payroll Tax (individual income tax)


Filing of Corporate Income Tax
The income tax return must be filed within three months of the end of the tax year.


Filing of Commercial Tax in Myanmar
There is no VAT system in Myanmar. But a commercial tax is levied as a turnover tax on goods and services for an income year is MMK 50 million or more. The commercial tax rate generally is 5% on goods and services that should be filed monthly or quarterly.


Filing of Capital Gain Tax
The return for capital gains mustbe filed within one month from the date of disposal of the capital assets (i.e. the earliest of the date of execution of the deed of disposal)


Filing of Payroll Tax/ Individual Income Tax
The employer is responsible for deducting income tax due from salary at the time the salary is paid. A statement of the monthly deduction must be provided to the tax authorities within seven days of the date of deduction. The employer also is required to furnish an annual salary statement within three months of the end of the income year.