Implementing strong internal controls before an audit significantly reduces the risk of audit findings, adjustments, or delays. Here are the most effective activities: 1. Segregation of Duties Activity: Ensure that
Payroll is not just an administrative function — it is one of the most critical areas reviewed in an audit. Yet, many companies underestimate the importance of maintaining a complete,
What employers should prepare before closing the year As the year comes to an end, December is a critical month for employers in Malaysia. While many statutory submissions fall in
The Inland Revenue Board of Malaysia (LHDN/IRB) is stepping up its push for e-invoicing, aiming to improve efficiency, reduce errors, and streamline tax reporting. However, understanding who is affected, who
When it comes to auditing, one area that often gets overlooked until the last minute is inventory. Yet, stock take — the physical counting and verification of inventory — is
Starting October 2025, all employers in Malaysia are required to make mandatory EPF (KWSP) contributions for non-Malaysian employees who hold valid work passes. This new rule ensures that foreign employees
If you’re a business owner in Malaysia, you may have noticed a sudden push from SSM to implement MBRS 2.0. What exactly is driving this shift, and why does it
Preparing for an audit doesn’t have to be stressful. With the right documents ready, the entire process becomes smoother, faster, and far more efficient. Here’s a clean, clear guide to
Director remuneration is more than just a monthly salary—it includes bonuses, allowances, benefits, and other perks. Proper documentation is essential not only for accurate accounting but also for audit compliance
Every year, our Annual Dinner is a special moment to celebrate achievements, foster team spirit, and look ahead to the year to come. This year, we took it up a