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  • Introductio N Flat Cargo Berhad: AN Auditor'S Conundrum

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    Nur Rasyidah Ab Halim
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    FCB was one of the largest air freight companies in Malaysia, servicing government-linked companies. It started operations in 1997 with two aircraft and its major shareholder was Bangor Berhad. By 2005, FCB had secured agreements with major delivery companies like UPS and DHL to provide freight services.

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    PENDAHULUAN

    Original Title

    Introduction

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    FCB was one of the largest air freight companies in Malaysia, servicing government-linked companies. It started operations in 1997 with two aircraft and its major shareholder was Bangor Berhad. By 2005, FCB had secured agreements with major delivery companies like UPS and DHL to provide freight services.

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    © All Rights Reserved
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    20 views8 pages

    Introductio N Flat Cargo Berhad: AN Auditor'S Conundrum

    Uploaded by

    Nur Rasyidah Ab Halim
    FCB was one of the largest air freight companies in Malaysia, servicing government-linked companies. It started operations in 1997 with two aircraft and its major shareholder was Bangor Berhad. By 2005, FCB had secured agreements with major delivery companies like UPS and DHL to provide freight services.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    of 8

    INTRODUCTIO

    N
    FLAT CARGO
    BERHAD :
    AN
    AUDITOR`S
    CONUNDRUM
    CASE STUDY
    ANALYSIS
    The situation is
    related to one
    company known
    as Flat Cargo
    Berhad (FCB).
    FCB was one
    ofthe largest air
    freight companies
    in Malaysia which
    servicing several
    government
    linkedcompanies
    including Freight
    Malaysia Berhad.
    FCB is a listed
    company and was
    registered as
    aninvestment
    holding company
    with several
    subsidiaries.
    Among its subsidi
    aries are FC Spare
    SdnBhd, Cargo
    Management Sdn
    Bhd, FCB (SPV)
    Ltd, Cargo Air
    Services Sdn Bhd
    and FC AirLtd.
    FCB started its
    operations in 1997
    with two aircrafts:
    a Boeing 737-
    200F and a Cessna
    Grand Caravan.
    FCBs major
    shareholder in
    1997
    had been Bangor
    Berhad, which was
    part of adiversified
    international
    family owned
    conglomerate, the
    Miri Group. Up to
    2005, FCB
    securedagreements
    with well-
    established
    companies such as
    Worldwide
    Express, United
    Parcel
    Services(UPS),
    Nationwide
    Express, Citylink,
    Bax Global and
    Nippon Express

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