Audit

Navigating Rising Audit Exemption Thresholds (Part 2):  Regional Insights on How SMPs Emerged More Resilient

Audit exemption is not a new concept for Malaysia; it was introduced nearly a decade ago.
  • January 5, 2026
  • 100 views

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Audit

16 posts

Navigating Rising Audit Exemption Thresholds (Part 2):  Regional Insights on How SMPs Emerged More Resilient

Audit exemption is not a new concept for Malaysia; it was introduced nearly a decade ago.
  • January 5, 2026
  • 100 views

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.
  • October 8, 2025
  • 1.9K views

The Peer Reviewer Approval Process for Type 3 (Order 3A) Audit Firms: A Critical Step in Effective Remediation 

In a move to enhance audit quality and compliance, audit firms classified as Type 3 (Order 3A) are now mandated to engage a peer reviewer during a 24-month remediation process.
  • June 10, 2025
  • 1.3K views

Sustainable Audit Practice (Part 2): Strategies for Sustaining a Practice

In Part 1 of the article on Sustainable Audit Practice, the emphasis is on the impact of the potential increase in audit exemption threshold on practitioners, the importance of charging appropriate fees in sustaining audit practices…
  • November 7, 2024
  • 1.6K views

Sustainable Audit Practice (Part 1): Navigating the Potential Increase in Audit Exemption Thresholds and Charging the Right Fees

The potential increase in audit exemption thresholds has sparked a debate within the auditing community, leading to two schools of thought regarding its impact on audit fees.
  • November 5, 2024
  • 2.8K views

The Rise of IT Audit in the Digital Era

IT audit is not just a necessity but a strategic asset for any business aiming for sustainable growth and resilience
  • September 11, 2024
  • 2.0K 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
  • 2.5K 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
  • 4.5K views

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
  • 1.5K 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
  • 6.3K views