Preparation of announcements – content of press or public announcement
9.10
This question is independent of Question 9.09 above. What if X Bhd discloses its profit forecast in its quarterly report? Is X Bhd required to ensure that the accounting bases, calculations and assumptions of the profit forecast disclosed in the quarterly report are reviewed by the external auditors?
Yes. Since the profit forecast is disclosed by X Bhd in its quarterly report and there is sufficient time to ensure that such review is undertaken prior to the release of the quarterly report, X Bhd would need to ensure that the accounting bases, calculations and assumptions of the profit forecast disclosed in the quarterly report are reviewed by the external auditors.