Browsing Category

TECHNICAL

85 posts

Valuing Synergies: One plus one is greater than two? 

This article will explore the types of synergies applicable in the context of mergers and acquisitions and how the synergistic value can be estimated in compliance with the principles stated in the International Valuation Standard.
  • June 22, 2023
  • 884 views

Understanding Arm’s Length Interest Deduction

Many multinational enterprises (MNEs) frequently rely on external borrowings to support their operations.
  • May 30, 2023
  • 1.5K views

Transfer Pricing Recharacterisation – Exploring the unexplored aspects

It is always debated as whether the tax authorities in the garb of transfer pricing can obligate taxpayers to maximise their local profitability in hindsight…
  • May 24, 2023
  • 929 views

Transfer Pricing Characterisation – Why does it matter? (Republished)

The risk-reward theory in economics states that higher the risk, higher the return. This principle of economics is also used in transfer pricing (TP) to determine the arm’s length compensation of the transacting parties.
  • May 3, 2023
  • 482 views

Financial Reporting Disclosures: Going Concern Assessment and Disclosures

One of the key areas commonly reviewed by the MIA Financial Statements Review Committee (FSRC) is on the application of the “going concern” assumption…
  • April 14, 2023
  • 1.9K views

Sending of Bank Confirmation Requests by Auditors in Malaysia

Many bank confirmation letters are sent to banks annually by auditors to request for confirmation of audit clients’ bank balances and arrangements.
  • April 5, 2023
  • 4.3K views

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

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…
  • February 17, 2023
  • 3.2K views

How Audit firms with Zero Clients Apply for Practice Review Exemption?

Pursuant to Paragraph (8) of Appendix VI of MIA By-Law, all members in public practice offering audit engagements are required to adhere to the standards as prescribed by the Institute.
  • February 8, 2023
  • 1.2K views

Addressing Deficiencies in ISA 570 Going Concern Assessments

The concept of going concern is a fundamental assumption when it comes to preparing the financial statements of a company.
  • January 27, 2023
  • 2.2K views

Capital Allowances – Avoiding Common Errors 

The accounting treatments for income, expenses, assets and liabilities presented in the financial statements are often not aligned with tax treatments, both in terms of timing of recognition and characterisation of the transaction itself.
  • December 23, 2022
  • 9.2K views