Beyond Compliance: Why MFRS 13 Matters for Startups?

Valuation is one of the most contested topics within the startup community. Founders often see it as a measure of progress.
  • March 10, 2026
  • 309 views

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TECHNICAL

108 posts

Plugging the Gaps in the Audit of Biological Assets (Republished)

Auditors are expected to exercise a high degree of vigilance when conducting the audit of biological assets, an area where subjectivity, judgements and estimates abound.
  • February 18, 2022
  • 1.7K views

Less Complex Entities (LCE) Standard: A Panacea for A Cost-Effective Audit?

The long-awaited, separate, standalone, proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE) which is based on the core requirements of the International Standards on Auditing (ISAs)…
  • December 15, 2021
  • 6.7K views

Use of Artificial Intelligence (AI) on Accounting Transactions to Enhance Audit Quality

Rachel Grimes, former International Federation of Accountants (IFAC) President said that “technology will go on helping to burnish (enhance) the profession’s credentials as a trusted adviser.” She called for the profession to continue adopting and implementing emerging technologies or otherwise being left stranded on the sidelines.
  • December 8, 2021
  • 9.7K views

MIA Practice Review – Key Findings on Elements of ISQC 1 – Monitoring

Annually, MIA’s Practice Review Department (PRD) issues its Practice Review (PR) report to provide an overview of PRD’s assessment of the audit firms (firms) and share new initiatives and ongoing developments affecting the profession.
  • September 22, 2021
  • 5.1K views

Goods and Services Tax is Not the Reason for Price Increases in Malaysia

Goods and Services Tax (GST) or Value Added Tax (VAT), had been adopted in 170 countries at the beginning of 2020.
  • July 21, 2021
  • 8.3K views

Financial Reporting Disclosures for Financial Guarantee Contracts

A financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment…
  • July 1, 2021
  • 14.3K views

COVID-19 Financial Reporting Issues for Entities Using MPERS

MIA’s first e-book – the Interactive e-Book of the MIA Illustrative *MPERS Financial Statements, with Commentaries and Guidance Notes (MPERS Interactive e-Book) is especially relevant in the light of the uncertainty caused by the COVID-19…
  • June 29, 2021
  • 4.8K views

COVID-19 Impact on Audits of Entities Applying MPERS

MIA held a panel discussion on the impact of COVID-19 on MPERS financial reporting during the launch of the *MPERS e-book. Tan Khoon Yeow, Partner, Learning & Development, BDO highlighted some issues that auditors should note
  • June 28, 2021
  • 5.4K views

COVID-19 and Valuation – Part 2

This is the second and final part of the COVID-19 and Valuation series.
  • June 8, 2021
  • 2.8K views

Transitioning to MPSAS

In 2016, the Ministry of Finance issued a letter to all federal statutory bodies (FSBs), encouraging the application of the Malaysian Public Sector Accounting Standards (MPSAS) in their financial statements.
  • June 4, 2021
  • 6.1K views