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TECHNICAL

92 posts

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
  • 4.1K 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
  • 6.1K 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
  • 2.4K 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
  • 1.8K 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
  • 1.2K views

Taking Fear Out of Tax Matters

A pilot project is underway to make cooperative compliance work for nation’s tax regime.
  • June 26, 2023
  • 982 views

Changes to the Ethics Code: Revisions to the Definitions of Listed Entity and Public Interest Entity

In January 2021, the International Ethics Standards Board for Accountants (IESBA) issued an exposure draft (ED) seeking to redefine public interest entities (PIE).
  • June 23, 2023
  • 1.5K views

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
  • 1.1K views

Understanding Arm’s Length Interest Deduction

Many multinational enterprises (MNEs) frequently rely on external borrowings to support their operations.
  • May 30, 2023
  • 2.0K 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
  • 1.2K views