IPO On Hold? Should You Stay on MPERS or Move to MFRS Now
Short answer: it depends on how real your listing plan is. If you intend to list within the…
Our Insights
Read our latest insights to keep you on track with current happenings in accounting, audit and Malaysian business compliance.
Transitioning from MPERS to MFRS: Critical Considerations for Hotel Developers in Malaysia
Introduction Switching from the Malaysian Private Entities Reporting Standard (MPERS) to the Malaysian Financial Reporting Standard (MFRS) is a strategic move for…
MFRS vs. MPERS in Malaysia: Key Differences, How to Choose, and Impacts
Introduction Choosing the right accounting framework—MFRS (Malaysian Financial Reporting Standards) or MPERS (Malaysian Private Entities Reporting Standard)—is a critical decision…
Are financial statements required for audit-exempt companies?
On 16 December 2024, the Companies Commission of Malaysia (“SSM”) issued a new Practice Directive No. 10/2024 –…
Types of Audit Sampling Methods (ISA 530 Audit Sampling)
Auditor is responsible to design and perform audit procedures to obtain sufficient appropriate audit evidence to be able…
Types of audit opinion
What is an Auditor’s Opinion? An auditor’s opinion is a formal statement made by an auditor concerning a…
What are the responsibilities on frauds and what are the basic audit documentations relate to frauds?
What is fraud? Fraud refers to deceptive or dishonest activities carried out within an organisation by employees, management,…
ISQM 1 Component : The Firm’s Risk Assessment Process
The firm’s risk assessment process is new to ISQM 1 which is also a key change from extant ISQC…
ISQM 1 Component : Governance and Leadership
Governance and leadership is of paramount importance to quality management as it affects the perception received from its…
Auditing standard – Revised ISA 315 Identifying and Assessing the risk of material misstatement
Under the revised ISA 315, Identifying and Assessing the risk of material misstatement, auditor is responsible to identify and…
Introduction of ISQM 1
International Standard on Quality Management 1 (hereinafter “ISQM 1”) Quality Management for Firms that Perform Audits or Reviews of…