FAR4 Topic 1 Summary of reporting requirement by types of entity

Which of the following entities incorporated under the Companies Act?

(You may pick more than one correct answers)

• Sdn Bhd

• Sole proprietorship

• Partnership

• Bhd

• Unlisted Bhd

Income Tax Act is applicable to which of the following entities with assessable income?

(You may pick more than one correct answers)

• Sole proprietorship

• Private company

• Partnership

• Public company

• Unlisted Bhd

Approved Accounting Standards apply to listed incorporated commercial and industrial business entities only.

• True

• False

Securities Commission's guidelines apply private company and listed company.

• True

• False

Bursa Malaysia's requirements apply to

(You may pick more than one correct answers)

• Listed public companies

• Unlisted public companies

• Private companies

• Partnership

• Sole proprietorship

Central Bank's guidelines apply to all form of business entities.

• True

• False

Financial statements of unincorporated entities need not to be audited, unless stated in its constitution.

• True

• False

An unincorporated entity has to

(You may pick more than one correct answers)

• comply with the Approved Accounting Standards

• submit financial statements to Inland Revenue

• submit consolidated quarter report to Securities Commission

• comply with Bank Negara Malaysia's requirement

• submit audited annual report to Exchange for public release

A private company has to

(You may pick more than one correct answers)

• comply with the Approved Accounting Standards

• submit audited financial statements to Inland Revenue

• submit audited financial statements to Companies Commission of Malaysia

• comply with Securities Commission's guidelines

• submit audited annual report to Exchange for public release

An unlisted public company has to

(You may pick more than one correct answers)

• comply with the Approved Accounting Standards

• submit audited financial statements to Inland Revenue

• submit audited financial statements to Companies Commission of Malaysia

• comply with Securities Commission's company disclosure policy

• submit audited annual report to Exchange for public release