Kuala Lumpur, 17 February 2025 – Suruhanjaya Koperasi Malaysia (SKM) has officially joined eConfirm.my, integrating its 14 branches nationwide with the platform, to facilitate Malaysia’s active cooperatives registered under SKM’s bank confirmation processing

eConfirm.my is a nationwide electronic bank confirmation platform designed to streamline the audit confirmation process for auditors and banks in Malaysia, in compliance with the International Standard on Auditing (ISA) 505 – External Confirmations.

By adopting eConfirm.my, SKM aims to enhance efficiency in the audit confirmation process, reduce turnaround times, mitigate fraud risks, and strengthen the security of financial audits. The platform’s automated workflow and real-time reporting capabilities provide greater transparency and operational efficiency in financial audits.

Furthermore, eConfirm.my has attained SOC2 and SOC3 attestations, demonstrating compliance with rigorous security and IT regulations, ensuring all participating organizations and users can confidently rely on the platform for secure and compliant financial data handling.

About eConfirm

eConfirm is a leading electronic bank confirmation platform designed to streamline and secure audit confirmation processes. Trusted by financial institutions and audit firms worldwide, eConfirm enhances transparency, security, and operational efficiency in financial reporting.

For more information, visit https://econfirm.my/

About AppAsia

AppAsia Berhad is a public listed company on the ACE Market of Bursa Malaysia Securities Berhad and is among Malaysia’s leading digital platform provider specialising in electronic confirmation technologies, blockchain technologies, advanced mobile applications, digital content, e-marketplaces, big data and artificial intelligent technologies.

For more information, visit www.appasia.com