NEXIA SSY PLT, the Kuala Lumpur-based independent member firm of NEXIA International’s global network of independent accounting and consulting firms, has found itself in the forefront of rolling out a service with a difference.
This will be underpinned by three core values:
- Enduring relationships, which encompasses clear and open communication, always prioritising on every assignment, having an experienced partner who knows the client’s business and who is accountable for ensuring things proceed smoothly.
- Being business-minded by acting with a sense of urgency and purpose, and spend time listening to our clients and getting to know the clients’ businesses while communication channels are made available 24/7.
- Being there for clients (with global connection) by being able to coordinate work internationally and by keeping each other informed, and by working together as one team among Nexia members.
“Be that as it may, independence and integrity is paramount and unquestionable,” managing partner Jason Sia told FocusM. “Nexia members are guided with a common audit methodology which is compliant with the international standards on auditing and procedure manuals to ensure consistent high quality audits.”
Nexia International is currently ranked eighth among the major global accountancy and business network according to the International Accounting Bulletin Survey 2021 which provides a comprehensive portfolio of audit, accountancy, tax and advisory services through its member firms to both local and global customers.
The London-based network was founded in 1971 by two firms – Oppenheim Appel Dixon & Associates (in the US) and Spicer & Pegler (in the UK). These two founding member firms serviced over half the firms in the financial sector in then major centres of London and New York.
Just like many other businesses, Sia said accountancy practices especially small and medium practices (SMPs) have been presented with an enormous challenge throughout the pandemic crisis.
“Throughout the various phases of the movement control orders (MCOs) implemented by the Malaysian Government since March 2020, many businesses have not been allowed to operate which in turn puts a strain on accounting firms whose work are directly dependent on the ability of their clients’ going concern,” explained Sia.
“Notwithstanding, in most cases this relates to cash flow management and the ability to survive during the interim period as eventually work will still need to be done when the MCO is lifted.”
Sharing his concerns over unpleasant news flow on the credibility of accounting firms, Sia who has more than 23 years of audit and tax experience of companies in various industries including manufacturing, trading, consumer products, services, construction and property development, said:
“However, it is paramount that speculation be kept to a minimum in the light of the deluge of fake news about every possible scenario currently circulating – from governance, vaccines, COVID-19 cases, non-compliance of SOPs (standard operating procedures), etc, etc.”
As one of the founding partners, Sia continues to have the support of two of the founding partners, KJ Singam and Gary Yong, who together pooled more than 90 years of experience in professional practice.
“With our international outlook,Nexia SSY will help companies to navigate the increasing complex maze of global markets and recommend the optimum solutions for their business as well as their individual wealth creation and preservation,” envisages Sia. – July 26, 2021
