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.

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.

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.

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”.

Challenges in the Recovery of Technology-based Assets

Along with digital transformation, the use of technology-based assets is gaining momentum.

ISA 510 Opening Balances

First year audit: Audit of Opening Balances

Malaysian Financial Reporting Standard 16 (MFRS 16) – Leases

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

SukukChain: A Blockchain Solution for Islamic Capital Markets

Integrating smart contract and distributed ledger technology could transform sukuk and solve issues of standardisation of the legal framework of sukuk.

Emerging Need to Effectively Operationalise Transfer Pricing

As TP has expansive implications on business beyond tax, more organisations are realising a need to put systems in place to effectively operationalise TP in this era of tax transformation