INDEPENDENT AUDITORS’ REPORT TO THE CONTROLLER OF HOUSING PURSUANT TO REGULATION 12A OF THE HOUSING DEVELOPER (HOUSING DEVELOPMENT ACCOUNT) REGULATIONS, 1991
ABC SDN. BHD. (123456-X)
(Incorporated in Malaysia)
Report on the Housing Development Accounts
In the course of our audit as external auditors of ABC SDN. BHD. for the year ended 31 March 2009, we have audited the Housing Development Accounts required to be opened and maintained pursuant to the Housing Development (Housing Development Account) Regulation 1991.
Directors’ Responsibility for the Housing Development Accounts
The directors of the Company are responsible for the proper conduct, maintenance and recording of all deposits and withdrawals of the Housing Development Accounts in accordance with the Housing Development (Control and Licensing) Act, 1966 and the Housing Developer (Housing Development Account) Regulations, 1991 in Malaysia.
Auditors’ Responsibility
We conducted our audit in accordance with applicable Approved Standards on Auditing in Malaysian so as to obtain reasonable assurance as to whether the withdrawals recorded therein have been made in accordance with the Housing Development (Housing Development Account) Regulations, 1991.
The audit involved the examination on a test basis, the deposits and withdrawals for the year ended 31 March 2009 from the Housing Development Accounts maintained. The accounts maintained are for Lot PT 18888 Mukim Bahagia, Wonderland. The details of e Housing Development Accounts are as follows:
|
No. |
License No. |
HDA Account No. |
Bank |
Date of open |
Project/Location |
| 1. |
10088-1/08-2011/888 |
1818-00888888-08-8 |
Rich Bank BerhadLevel 1, Menara Kaya, No. 8, Jalan Kaya Raya, 50888 Wonderland. |
18 September 2008 |
Lot PT 18888 Mukim Bahagia, Wonderland |
Opinion
In our opinion:
a) each and every deposit and withdrawal recorded in the Housing Development Accounts for the year ended 30 June 2009 are in accordance with the Housing Developer (Housing Development Account) Regulations, 1991;
b) the accounting and other records examined by us have been properly kept; and
c) we have received satisfactory information and explanations from officers and agents of the Company as required for the purposes of our audit.
Based on our work done, nothing has come to our attention that causes us to belive that the monies in the Housing Development Account have not been withdrawn in accordance with the Regulations.
Other Matters
This report is made solely to the Controller of Housing pursuant to Regulation 12A of the Housing Developer (Housing Development Account) Regulations, 1991 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report.
DEF & Co.
No: AF 123
Chartered Accountants
Awang Bin Malek
No. 123/10/10 (J/PH)
Partner
Wonderland
Dated: 4 December 2009
When should a developer stop submitting the auditors report?
Is it after full withdrawal of excess fund from HDA account when project completed?
Yes. After full withdrawal.
If reservoir construction works incurred, Can this payment can be withdrawn from the Housing Development Account?
I assume the reservoir is part of a housing project under the Housing Development Act. The answer is yes. The bank in which the Housing Development bank account was opened would ensure that all documents are proper before allowing the money to be withdrawn.
License No. actual should be developer license number or permit license number?
The sample shown was developer license number