Yong How Ching

Yong How Ching is our Director in Corporate Advisory.

Experience

Yong has more than 15 years of experience in the areas of governance, risk and control, specialising in internal audit, forensic investigation, dispute resolution, and business consulting. Yong’s experience, amongst others, includes:

Internal Audit

• Led a review of internal control over financial reporting and fraud, which involved assessing various business processes for one of the renowned German luxury automobile companies based in Malaysia;
• Led an independent assessment of the system of internal control for a trustee within a local financial institution for reporting to the Securities Commission of Malaysia to act as a related-party trustee based on the Guidelines on the Registration and Conduct of Capital Market Services;
• Provided an independent assessment of risks arising from the JV arrangement between a master developer based in Malaysia and an Australian developer to jointly develop a lifestyle quarter in a financial district with an estimated GDV of RM8 billion;
• Provided SME support to develop a risk-based internal audit plan for a government statutory body responsible for the northern region economic corridor;
• Led a review of the governance structure and processes for a state government investment authority; and
• Led several SOX control reviews for the US multinationals based in Malaysia. 

Forensic and Litigation Support Services 

• Led an engagement on behalf of the defendant to challenge the plaintiff's expert report on the assessment of damages. The expert report, prepared by an international accounting firm, claimed RM20.40 million in lost profits resulting from the shutdown of the plaintiff’s rubber glove manufacturing facility due to the defendant's alleged negligence in maintaining the wastewater treatment plant, which caused the discharge of raw effluent into the public drainage system;
• Led an engagement on behalf of the defendants embroiled in a dispute with the plaintiff, who are the shareholders of a company involved in trading polymer products, to review and comment on the plaintiff's prayers (i.e. the plaintiff’s removal as a director is unlawful, the appointment of a director to fill the vacant board position is unlawful and the allotment of new ordinary shares is unlawful) contained in the originating summon based on business and financial perspective to determine whether those prayers serve the best interest of the company;
• Led a review on behalf of the defendants in response to a derivative action filed by the plaintiff stemming from a dispute between shareholders of a luxury resort in Mabul Island, Sabah, to comment on the allegations of questionable transactions and breach of fiduciary duty by directors contained in the Expert Witness Reports prepared by an international accounting firm; 
• Led an investigation into the theft of inventory amounting to approximately RM9.0 million allegedly took place in a business unit in Klang, Selangor, for one of the world's largest plastics, chemicals, and refining companies;
• Led an investigation into alleged corruption that involved a local subsidiary based in Kulim, Kedah in the areas of procurement, health and safety and receivables for a global construction company based in Germany;
• Led an investigation into related party transactions of approximately RM64 million allegedly entered without the Board’s approval for a marine transportation services company listed on the Main Market of Bursa Securities; and
• Led an investigation into multiple allegations of procurement fraud that involved a subsidiary company based in Nilai, Negeri Sembilan for a global transformers manufacturer based in Germany. 

Management Consulting 

• Led an Independent Business Review for a real estate investment company wholly owned by the Ministry of Finance Malaysia to establish the viability of the business and formulate and recommend strategic options moving forward;
• Led an Independent Business Review for a local ICT company listed on the Main Market of Bursa Securities to identify and assess issues that had contributed to the company’s present situation strategically, operationally and financially based on the SWOT Analysis and evaluate the Transformation Plan based on the SFA model and recommend options moving forward; and
• Led an organisational review engagement that involved a review of the governance structure and practices, organisational and human resource practices for a government statutory body responsible for the economic corridor in Sabah.