Additional Information:

There were a number of subsequent events occurred after the closing date and the
client has already given the information about the events to the auditor:

1. Provision for the audit fee provided for the year amounting RM8,500.
2. Provision for the directors fee for the year amounting RM3,000.
3. Tax expenses for the year are RM420,000. There is deferred tax amounting
RM18,000 shown in tax computation by the Tax Agent of the client.
4. Dividend was received RM800,000 for the year due from the investment made by
the client.
5. Trade payables and accruals RM24,700 were wrongly classified as rebate and
deposit for mixture truck.
6. Directors' emoluments include the following items, and they were wrongly classified
in administrative expenses:
i. Salaries & wages – RM89,000
ii. EPF & SOCO – RM12,120
iii. Allowances – RM12,000