One of our hashtag#ktp clients recently received an audit letter from Unit Wang Tak Dituntut, Jabatan Akauntan Negara Malaysia (JANM) Johor.

Here’s a full extract of the inspection notice from JANM and revisit to the Unclaimed Money Act 1965.

Inspection Notice
Under Section 12 (1) of the Unclaimed Money Act 1965, the Registrar or an authorized officer can inspect documents and financial records. An inspection will be conducted on June 20, 2024.

Required Actions:
➡ Prepare Documents: Get books, registers, records, or documents ready as listed in Appendix A.
➡Complete Appendix B: Fill out and return Appendix B with the representative’s information seven days before the inspection.
➡Presence During Inspection: Ensure a representative is present during the inspection.
➡Non-compliance may result in a fine up to RM5,000 or imprisonment for up to three months.

Read the full content in our hashtag#ktp blog about the Unclaimed Money Act 1965
https://lnkd.in/g8Ex4jCe