Browsing Tag

May June 2024

17 posts

Recent Key Changes within the Revised AML/CFT/CPF and TFS for DNFBPs & NBFIs Policy Document Affecting Accountants

The revised Policy Document on  Anti-Money Laundering, Countering Financing of Terrorism, Countering Proliferation Financing and Targeted Financial Sanctions…
  • June 28, 2024
  • 45 views

Global Advancements in Public Sector Sustainability Reporting

In the Sovereign Climate and Nature Reporting: Proposal for a Risks and Opportunities Disclosure Framework published by the World Bank in 2022, the World Bank invited the IPSASB to lead a consultative process…
  • June 27, 2024
  • 43 views

New Practice Review Framework (Part 2): Comparison between Peer Review and Quality Assessment Programme and Their Implementation

The goal of subjecting the work of the practitioners under the order to a review (peer review or Quality Assessment Programme (QAP)) by the Practice Review Committee (PRC)…
  • June 26, 2024
  • 91 views

New Practice Review Framework (Part 1): Enhancing Audit Quality through Peer Review and Quality Assessment Programme

The Institute’s Practice Review (PR) Framework is set to undergo changes starting 1 July 2024, aimed at enhancing audit quality.
  • June 26, 2024
  • 102 views

Acting in the Public Interest  

Members of the accountancy profession are familiar with the assertion that “a distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest.”
  • June 25, 2024
  • 157 views

The MIA Sustainability Blueprint for the Accountancy Profession

The nation’s sustainability agenda is fast gaining momentum as Malaysia seeks to transition to a low-carbon economy and honour its climate commitments.
  • June 24, 2024
  • 118 views

Seeking Better Integration in Sustainability Reporting: Are Existential Questions Around Integrated Reporting Valid?

Is the Integrated Reporting (IR) Framework still relevant amid the increasing convergence of frameworks and standards?
  • June 21, 2024
  • 184 views

Impairment of Investment in Subsidiaries

Investing in subsidiaries is a common practice for many businesses aiming to expand their market presence, diversify operations, or acquire new technology.
  • June 20, 2024
  • 240 views

Understanding the Use of Discount Rate in the Assessment of Impairment in Goodwill

Goodwill is an intangible asset that typically arises in the context of business combinations.
  • June 19, 2024
  • 115 views

Promoting Inclusivity Through an Accounting Technician Qualification

Like other countries, Malaysia too faces a shortage of qualified accountancy professionals.
  • June 7, 2024
  • 405 views