Fair and equitable is a requirement of schemes of arrangement and an essential part of the code of conduct in large complex voluntary restructurings.
The Practice Review Department (PRD) wishes to remind practitioners and audit firms in Malaysia that the International Auditing and Assurance Standards Board (IAASB) has approved three (3) new quality management standards, which will be effective from 15 December 2022.
The long-awaited, separate, standalone, proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE) which is based on the core requirements of the International Standards on Auditing (ISAs)...
Rachel Grimes, former International Federation of Accountants (IFAC) President said that "technology will go on helping to burnish (enhance) the profession's credentials as a trusted adviser." She called for the profession to continue adopting and implementing emerging technologies or otherwise being left stranded on the sidelines.
Annually, MIA’s Practice Review Department (PRD) issues its Practice Review (PR) report to provide an overview of PRD’s assessment of the audit firms (firms) and share new initiatives and ongoing developments affecting the profession.
Goods and Services Tax (GST) or Value Added Tax (VAT), had been adopted in 170 countries at the beginning of 2020.
A financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment...
MIA’s first e-book - the Interactive e-Book of the MIA Illustrative *MPERS Financial Statements, with Commentaries and Guidance Notes (MPERS Interactive e-Book) is especially relevant in the light of the uncertainty caused by the COVID-19...
MIA held a panel discussion on the impact of COVID-19 on MPERS financial reporting during the launch of the *MPERS e-book. Tan Khoon Yeow, Partner, Learning & Development, BDO highlighted some issues that auditors should note
This is the second and final part of the COVID-19 and Valuation series.