Launch of Industry-wide Electronic Bank Confirmation Platform Set to Transform Auditing & Capital Market

The industry-wide Electronic Bank Confirmation (EBC) Platform ( was officially launched on 26 June 2020 by the Malaysian Institute of Accountants (MIA) and Extol Corporation Sdn Bhd (Extol), a wholly-owned subsidiary of AppAsia Berhad, at an e-ceremony attended by various stakeholders, including auditors, audit clients, bankers and regulators.

Relevance of Force Majeure in Transfer Pricing Amidst Current Turbulence

Given the scale of disruption caused by COVID-19, many businesses are posed with a serious risk of dislocation of their supply chains and inability to meet business obligations, resulting in potential breach of legal contracts.