TECHNICAL
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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2 years 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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2 years 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 years 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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2 years 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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2 years 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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2 years 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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2 years ago
ISA 510 Opening Balances
January 14, 2020
TECHNICAL

ISA 510 Opening Balances

First year audit: Audit of Opening Balances

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2 years ago
Malaysian Financial Reporting Standard 16 (MFRS 16) – Leases
October 15, 2019
TECHNICAL

Malaysian Financial Reporting Standard 16 (MFRS 16) – Leases

What you need to know about MFRS 16 Leases in a nutshell.

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3 years ago
Share-Based Payment – A Way to Reward Employees
September 04, 2019
TECHNICAL

Share-Based Payment – A Way to Reward Employees

Application of MFRS 2 on Special Share Plan Issued to Employees in IPO Listing Exercise

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3 years ago