Financial Management Review Template for Malaysia

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Key Requirements PROMPT example:

Financial Management Review

"I need a Financial Management Review agreement for my technology startup to engage a consulting firm to review our financial processes and internal controls, with the review to be completed by March 2025 and special attention to compliance with Malaysian fintech regulations."

Document background
The Financial Management Review agreement is essential for organizations seeking to evaluate and enhance their financial management practices under Malaysian jurisdiction. This document is typically used when companies require independent assessment of their financial controls, risk management systems, and compliance with Malaysian regulatory requirements. The agreement covers comprehensive review services including assessment of financial processes, internal control systems, risk management frameworks, and compliance with Malaysian financial regulations. It is particularly relevant in the context of corporate governance requirements under the Malaysian Code on Corporate Governance 2021 and the Financial Services Act 2013. The document ensures that both the reviewing firm and the client organization have clear understanding of the scope, methodology, deliverables, and professional standards applicable to the financial management review engagement.
Suggested Sections

1. Parties: Identification of the reviewing firm and the client organization

2. Background: Context of the financial management review, including the client's business nature and review objectives

3. Definitions: Key terms used throughout the agreement, including financial and technical terminology

4. Scope of Services: Detailed description of the financial management review services to be provided

5. Review Methodology: The approach and standards to be applied in conducting the financial review

6. Duration and Timeline: Period of review and key milestone dates

7. Fees and Payment Terms: Financial arrangements, payment schedule, and related terms

8. Confidentiality and Data Protection: Obligations regarding sensitive financial information and compliance with PDPA

9. Deliverables: Specific outputs and reports to be provided

10. Client Obligations: Requirements for information provision and cooperation

11. Professional Standards: Compliance with relevant Malaysian financial and professional standards

12. Termination: Conditions and process for ending the engagement

13. Governing Law and Jurisdiction: Application of Malaysian law and dispute resolution procedures

Optional Sections

1. Force Majeure: Include when specific risk allocation for unforeseen events is needed

2. International Compliance: Required when the client has international operations or cross-border considerations

3. Subcontracting: Include when parts of the review may be delegated to other professionals

4. Insurance: Detailed insurance requirements when dealing with high-value reviews

5. Anti-Corruption Compliance: Additional compliance terms for public or highly regulated entities

6. Intellectual Property Rights: Include when proprietary methodologies or tools will be used

7. Non-Solicitation: Include when protecting against staff poaching is important

Suggested Schedules

1. Schedule 1 - Scope of Work: Detailed breakdown of review areas and methodologies

2. Schedule 2 - Fee Structure: Detailed fee calculations and payment milestones

3. Schedule 3 - Timeline and Deliverables: Specific dates and detailed description of deliverables

4. Schedule 4 - Key Personnel: List of key team members and their roles

5. Schedule 5 - Required Documentation: List of documents and information required from the client

6. Schedule 6 - Compliance Checklist: Relevant Malaysian regulatory requirements to be reviewed

7. Appendix A - Review Methodology: Detailed technical approach and standards to be applied

8. Appendix B - Report Templates: Standard formats for various reports and deliverables

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Banking

Insurance

Manufacturing

Real Estate

Healthcare

Technology

Retail

Energy

Telecommunications

Public Sector

Education

Construction

Hospitality

Relevant Teams

Finance

Internal Audit

Risk Management

Compliance

Treasury

Corporate Finance

Financial Planning & Analysis

Accounting

Legal

Executive Management

Board of Directors

Corporate Governance

Relevant Roles

Chief Financial Officer

Finance Director

Financial Controller

Internal Audit Manager

Compliance Officer

Risk Management Officer

Treasury Manager

Corporate Finance Manager

Financial Planning Manager

Board Director

Audit Committee Member

Company Secretary

Managing Director

Chief Executive Officer

Financial Analyst

Management Accountant

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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