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TECHNICAL

97 posts

Understanding the Use of Discount Rate in the Assessment of Impairment in Goodwill

Goodwill is an intangible asset that typically arises in the context of business combinations.
  • June 19, 2024
  • 1.5K views

Redefining Precision: Malaysia’s Unique Arm’s Length Range

In a stride towards aligning the local transfer pricing regulations with the global common approach, Malaysia released revised Transfer Pricing Rules last year (TPR23).
  • May 31, 2024
  • 1.4K views

Understanding Capital Gains Tax and Real Property Gains Tax

Capital gains tax (CGT) and real property gains tax (RPGT) are forms of taxation that affect both individuals and business taxpayers who derive gain from the sale of capital assets.
  • February 16, 2024
  • 7.3K views

2023 Updates on Global Public Sector Reporting Standards

This article provides updates on the developments in the global standard setting agenda by the International Public Sector Accounting Standards Board (IPSASB) in 2023.
  • January 18, 2024
  • 1.9K views

Guidelines on Requesting Extension for Practice Review Deadlines (Republished)

In the process of practice review, the Practice Review Department (PRD) has encountered many instances where the audit firm (AF)…
  • September 29, 2023
  • 1.4K views

MFRS and MPERS Common Issues on Investment Property and Property Plant and Equipment

MIA has received various accounting queries on investment property and property, plant and equipment (PPE) through our technical queries facility.
  • August 17, 2023
  • 6.5K views

Doubling Your Tax Benefits with Double Deductions in Malaysia 

As a measure to encourage companies engaged in targeted business activities, the Malaysian government has introduced various tax incentives, including tax incentives…
  • July 28, 2023
  • 9.0K views

Financial Reporting Disclosures: Statement of Cash Flows

In the current uncertain and volatile economic environment, some entities face a downturn in their business, and this hence impacts their profit and liquidity position.
  • July 17, 2023
  • 3.7K views

ISA 600 (Revised) – Special Considerations: Audits of Group Financial Statements [Including the Work of Component Auditors](Republished)

The International Auditing and Assurance Standards Board (IAASB) had, through the issuance of the Invitation to Comment (ITC) Paper, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism…
  • July 3, 2023
  • 2.9K views

The Capital Market Advisory Committee (CMAC) and the Malaysian Investment Reporting Standards (MIRS)

The Capital Market Advisory Committee or CMAC was created as a non-statutory committee by the Malaysian Institute of Accountants (MIA) in April 2013…
  • June 27, 2023
  • 1.6K views