Understanding 'Statutory Account': Does It Include EPF, SOCSO, and PCB?

Hi,

Can anyone explain which account the term 'statutory account' actually refers to? Does it mean EPF, SOCSO, and PCB accounts?

Hi,

Statutory accounts for a normal Sdn Bhd refer to financial statements (F.S.) for the relevant year ended, which comprise the balance sheet, income statement (profit & loss / P&L), directors' report, and statutory declaration by a director/person responsible for the F.S.

Under MASB, F.S. comprise the balance sheet, P&L, cash flow statement, statement of changes in equity, and notes to the F.S.