Accounting service

With the changes in the Accountants act, auditors must be perceived to be independent and are prohibited from performing some non-audit services. Practical Support can assist in these areas previously performed by the auditors. The Sebanes-Oxley Act of 2002 expressly forbids such potential conflicts of interest by disallowing CPA firms from simultaneously acting as "management consultants" and "independent auditors" for the same firm.

Practical has the experience and expertise to perform the following non-audit services:

• Managerial reporting and development.
• Auditing and enhancing internal processes to enhance productivity and reduce wastage with our team of qualified business consultants and accountants.
• Assisting in market development (eg. Branding, A&P, pricing, production, JIT inventory control, long-range financial planning).
• Bookkeeping or other services related to accounting records of financial statements.
• Internal audit outsourcing services.
• Compliance reporting in relation to corporate governance requirements, internal control issues, rules about financial statement reporting and accounting standards, and regulations over executive reporting and conduct.

• Singapore Institute of Directors.
• Institute of Internal Auditors Malaysia.
• CPA Australia.