Delima Case Aummary Essay Example for Free

Delima Case Aummary EssayDelima Enterprise was founded in 1981 by Encik Zayed. It conducted trading and supplying related products including manpower supplies to the oil and gas industries. In 2004, the enterprise was incorporated as Delima Enterprise Sdn. Bhd. Encik Zayed as the Managing Director and his wife Puan Hashimah as the Chief Operating Officer managed the company. The other force were Puan Balqis as the Operation Manager and Encik Salam as the Human Resource and Administration Manager. Both of them were family members of Encik Zayed and Puan Hashimah with only standby school background and likewise Encik Zayed and Puan Hashimah. As the company was incorporated as Delima Enterprise Sdn. Bhd. the company fan out their business operation into provision of engineering services. Their mission was to become a leading service declarer and provide quality and excellent services. In May 2006, the company had employed Cik Amy as Finance Executive. She was liable for mainten ance of the accounting and financial matters, including the preparation of accounts. Subsequently, in May 2006, the company had secured a contract charge RM 750,000 to be implemented a duration of six months.However, due to shortage of funds, the company had submitted applications to Maybank and CIMB Bank Berhad for banking facilities totaling RM 1 million. The banks required the companys Audited Financial Statements for the last two years. This was when Encik Zayed realized that the company had never been audited. Therefore, his help had introduced an audit firm and shortly after, Aziz Co. was engaged to perform audit and to be completed as soonest as possible to meet the banks requirement.