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Elsa is the auditor for Frozen Sdn. Bhd. During the course of auditing, she discovered...

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Accounting

Elsa is the auditor for Frozen Sdn. Bhd. During the course of auditing, she discovered that Frozen Sdn Bhd had overstated their past year profits and overpaid the dividends to their shareholders. There were also rumours circulating that Anna, one of Frozen Sdn Bhds directors had made various cash claims against the company to pay for her personal credit card bills. Based on the facts given and with reference to the Companies Act 2016, relate to Elsa on the next course of action that she should take. (10 marks)

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