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mastery

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Your financial success, delivered.

What is Wan Nadzir & Co?

Wan Nadzir & Co. is an accounting firm born from a vision to do more than just crunch numbers. We observed that in the race to serve a long list of clientele, many large firms lose the personal touch. Our mission is different. We focus on forging genuine relationships, deeply understanding each client’s unique challenges and providing tailored, effective solutions.

Tailored Financial Services

Audit & Assurance

Tackling transparency issues in financial reporting?

We offer audit and assurance services that ensure accuracy and compliance.

Taxation

Navigating complex tax regulations?

We simplify this process, providing clear strategies and ensure you meet all legal obligations.

Consultancy

Facing strategic decision-making hurdles?

Our consulting competency delivers customised solutions and automation of financial reporting.

Transitioning to Malaysian Public Sector Accounting Standards (MPSAS)

The Challenge

The agency faced difficulties in transitioning from Malaysian Financial Reporting Standards (MFRS) to MPSAS, requiring consolidation of accounts for the agency and its 44 subsidiaries, and preparing financial statements within a strict deadline.

Proposed Solution

A custom financial reporting template was developed, featuring automation, error checking, and data consolidation scripts, alongside training for accountants.

Our Solution

Expedited data entry and improved data integrity led to the timely production of high-quality financial statements under the new MPSAS framework.

See the full result

Equitable Cost Splitting for IT System of a Petroleum Joint Venture

The Challenge

The joint venture needed to fairly divide the costs of a shared IT system, considering only the functionalities used by both parties, amidst a complex billing system involving numerous invoices and cost allocations.

Proposed Solution

Provided a detailed analysis of the cost charging methodology, identifying non-chargeable functions to the JV, and clarifying cost allocation and apportionment issues.

Our Result

Enhanced the JV management's understanding of IT system expenditures, enabling significant cost reductions through informed negotiations.

See the full result

Advisory on Dissolution of a State Government Subsidiary

The Challenge

Required comprehensive advice on the financial impacts, procedures for dissolution, and the handling of assets, liabilities, and commitments for a subsidiary facing closure.

Proposed Solution

Delivered a detailed dissolution roadmap, including asset realization strategies, liability settlement processes, and a financial impact analysis.

Our Result

Facilitated a well-informed and structured approach to the subsidiary's dissolution, ensuring clarity on financial outcomes.

See the full result

Compliance with MFRS 141 - Agriculture for Plantation Assets

The Challenge

The existing group structure hindered the performance of a profit-making subsidiary. The challenge was to restructure without losing control but allowing for more effective management incentivization.

Proposed Solution

Proposed a new group structure that balanced control with performance incentives, coupled with advisory on cost minimization for the restructuring process.

Our Result

Achieved compliance with MFRS 141, enabling accurate representation of plantation assets within the agency's financial statements.

See the full result

Enhancing Group Performance through Restructuring

The Challenge

Proposed Solution

Proposed a new group structure that balanced control with performance incentives, coupled with advisory on cost minimization for the restructuring process..

Our Result

Completed restructuring led to improved financial performance and a more motivated management team within the profit-making subsidiary.

See the full result

Financial System Upgrade for Enhanced Transaction Handling and Compliance

The Challenge

Proposed Solution

Provided expert advisory on managing the transition, data cleansing for legacy issues, and automation algorithms for financial remeasurement, ensuring MPSAS compliance.

Our Result

The introduction of a more capable financial system that supported extensive data analysis, decision-making processes, and integration with modern applications, addressing both volume and compliance challenges.

See the full result

MFRS 16 Compliance for Nationwide Leases

The Challenge

Adapting to MFRS 16 required a shift in accounting for numerous leases, transitioning from treating leases as expenses to recognizing them as assets and liabilities.

Proposed Solution

Developed an automated solution to accurately categorise leases and calculate the financial commitments as per MFRS 16, differentiating between short-term, low-value, and significant leases.

Our Result

Streamlined lease management process that ensured compliance with MFRS 16, facilitating accurate and efficient reporting of lease-related financial commitments.

See the full result

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Calling all interns, graduates and experienced professionals.

Whether you’re just starting out or looking to advance your career, we provide the opportunities and support you need to thrive.

Visit us at any of our offices

Shah Alam [HQ]

Contact Person

Ahmad Hisyam Kamaruzaman

011 3553 4122

Kota Bharu

Contact Person

Zulkifili Amim Ismail

012 985 8550

Ipoh

Contact Person

Mohamad Shariff Sarepudin

012 527 7227

Kuala Lumpur

Contact Person

Nurfazliana Razali

017 399 3821

Kuantan

Contact Person

Mohd Rosli Yusop

013 933 4767

Kuala Terengganu

Contact Person

Zulkifili Amim Ismail

012 985 8550

Alor Setar

Contact Person

Mohd Khairul Anuar Ahmad

012 203 7314

What is Wan Nadzir & Co?

Tailored Financial Services

Audit & Assurance

Taxation

Consultancy

Calling all interns, graduates and experienced professionals.

Visit us at any of our offices​

Shah Alam [HQ]

Kota Bharu

Ipoh

Kuala Lumpur

Kuantan

Kuala Terengganu

Alor Setar

Pages

Visit us at any of our offices