TECHNICAL
COVID-19 – Revised Deadlines for Annual Report Submissions and Key Challenges in Financial Reporting for Listed Companies
June 23, 2020
TECHNICAL

COVID-19 – Revised Deadlines for Annual Report Submissions and Key Challenges in Financial Reporting for Listed Companies

The COVID-19 pandemic and the Movement Control Order (MCO) have affected how businesses operate. In this ‘new normal’, businesses need to strategise and adapt quickly to survive and sustain their operations.

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1 week ago
Contemporary Issues in Applying International Financial Reporting Standards
June 17, 2020
TECHNICAL

Contemporary Issues in Applying International Financial Reporting Standards

Highly experienced IFRS instructor Danny Tan recently helmed an MIA webinar on Contemporary Issues in Applying International Financial Reporting Standards.

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2 weeks ago
Guidelines on Submission of Working Papers to the Practice Review Department
June 12, 2020
TECHNICAL

Guidelines on Submission of Working Papers to the Practice Review Department

Advancements in technology and its common availability has led to profound changes in the way audit is being performed, with the majority of audit firms either taking the initiative or being pushed to evolve to embrace new ways of auditing such as data analytics, which has enabled the processing of huge amount of data in an efficient way.

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3 weeks ago
Key Considerations of the Use of Technology during the Observation of Physical Inventory Counting
May 22, 2020
TECHNICAL

Key Considerations of the Use of Technology during the Observation of Physical Inventory Counting

The outbreak of COVID-19 has certainly accelerated the use of technology in many organisations, including among auditors.

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1 month ago
Guidelines on Requesting Extension for Practice Review Deadlines
May 01, 2020
TECHNICAL

Guidelines on Requesting Extension for Practice Review Deadlines

In the process of practice review, the Practice Review Department (PRD) has encountered many instances where the audit firm (AF) selected for review tends to defer the submission of documents to the PRD without first obtaining approval from the PRD.

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2 months ago
The Financial Reporting Implications of COVID-19
April 17, 2020
TECHNICAL

The Financial Reporting Implications of COVID-19

The COVID-19 pandemic crisis and its economic effects mean that investors and other stakeholders need high-quality financial information more than ever.

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3 months ago
Covid-19: Frequently Asked Questions on Auditing
April 03, 2020
TECHNICAL

Covid-19: Frequently Asked Questions on Auditing

The varying travel restrictions both locally and abroad that have been set in place following the outbreak of the Coronavirus Disease 2019 (COVID-19) pose new challenges for auditors.

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3 months ago
Highlights of the 2020 Economic Stimulus Package
March 23, 2020
TECHNICAL

Highlights of the 2020 Economic Stimulus Package

On 27 February 2020, the government announced the 2020 Economic Stimulus Package (ESP) under the theme “Bolstering Confidence, Stimulating Growth & Protecting Jobs”.

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3 months ago
Challenges in the Recovery of Technology-based Assets
January 14, 2020
TECHNICAL

Challenges in the Recovery of Technology-based Assets

Along with digital transformation, the use of technology-based assets is gaining momentum.

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6 months ago
ISA 510 Opening Balances
January 14, 2020
TECHNICAL

ISA 510 Opening Balances

First year audit: Audit of Opening Balances

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6 months ago