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Mergers and acquisitions are becoming more and more common as entities aim to achieve their growth objectives. MFRS 3 ‘Business Combinations’ contains the

International Business Report

What a trade war means for Asia Pacific businesses

Women in Business

Women in business 2019

Our 2019 Women in business report: building a blueprint for action shows that progress is being made towards gender parity at the senior management level. The

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MFRS Identifying a business combination within the scope of MFRS 3

Mergers and acquisitions are becoming more and more common as entities aim to achieve their growth objectives. MFRS 3 ‘Business Combinations’ contains the

MFRS COVID-19: Hedge accounting insights

There are several accounting considerations the COVID-19 pandemic has triggered in relation to MFRS 9. In our view one of the most significant is in relation

Tax Program Strategik Memperkasa Rakyat Dan Ekonomi (PEMERKASA)

Program Strategik Memperkasa Rakyat Dan Ekonomi (PEMERKASA)

MFRS Insights into MFRS 3 - The acquisition method at a glance

‘Insights into MFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most

IFRS Telling the COVID-19 Story

Annual financial statements will always be a critical communication to investors and other stakeholders. But how effective will they be in explaining to your

Announcement SC and Bursa Malaysia Announce Additional Temporary Relief Measures for Listed Issuers

The Securities Commission Malaysia and Bursa Malaysia Berhad today announced temporary relief measures for listed issuers in addition to those introduced in

Announcement Practice Directive No. 6/2020 (Revised 27 January 2021)

In support of the Government's initiatives to ease the economic pressures faced by the corporate community arising from the Covid pandemic, Companies

Tax Perlindungan Ekonomi dan Rakyat Malaysia (PERMAI) Assistance Package

The Perlindungan Ekonomi dan Rakyat Malaysia (PERMAI) assistance package that is valued at RM15 billion has been announced by the Government. There will be a

Tax Changes in Tax Treatment for Small or Medium Enterprise

Changes in Tax Treatment for Small or Medium Enterprise

MFRS COVID 19: Debt modifications

The COVID-19 global pandemic has resulted in economic consequences that many reporting entities may not have had to previously consider. One of those

Tax Notification from the Inland Revenue Board of Malaysia

Following the Government's intention to increase the use of e-payments, the IRBM has announced that it will NO longer accept tax payments sent by post or

MFRS MFRS 129 ‘Financial Reporting in Hyperinflationary Economies’

MFRS 129 ‘Financial Reporting in Hyperinflationary Economies’ requires the financial statements of any entity whose functional currency is the currency of a

Tax Updated Budget Adviser

This Budget Adviser provides insights to the tax measures that were announced in the Budget 2021 speech on 6 November 2020 as well as updates on the key tax

Tax Malaysia Budget 2021

This Budget analysis provides details on various tax measures that were announced in the 2021 Budget speech.

MFRS Insights into MFRS 16 - Lease incentives

When accounting for lease incentives in accordance with MFRS 16 ‘Leases’ from a lessee perspective, questions may arise in how to identify a lease incentive

MFRS MASB issues Interest Rate Benchmark Reform Phase 2

The Malaysian Accounting Standards Board (MASB) has published Interest Rate Benchmark Reform Phase 2 (Amendments to MFRS 9, MFRS 139, MFRS 7, MFRS 4 and MFRS

Publication Corona relief package: ASEAN

We have created this comprehensive and helpful guide that highlights the relief made available by governments in ASEAN. The various government relief measures

MFRS Amendments to MFRS 17 and MFRS 4

The Malaysian Accounting Standards Board (MASB) has issued Amendments to MFRS 17 'Insurance Contracts' (the Amendments). The MASB also issued an amendment to

MFRS Deferral of effective date of amendments to MFRS 101

The Malaysian Accounting Standards Board (MASB) has issued an amendment to defer the effective date of the ‘Classification of Liabilities as Current or

MFRS COVID 19: Going concern considerations

The impact of COVID-19 is expected to have a significant impact on the going concern assumption for a large number of entities. Some entities which were

MFRS Insights into IC Interpretation 23

Effective for financial years beginning on or after 1 January 2019, IC Interpretation 23 ‘Uncertainty Over Income Tax Treatments’ (‘the Interpretation’)

Publication Retail: navigating the impact of COVID-19

This report looks at the steps retail businesses need to take to put themselves in the best position for the ‘new normal’ that will emerge once lockdown

Publication Hotel Industry: navigating the impact of COVID-19

Hotel industry: Surviving, adapting and preparing for the new normal

Publication Hiring Incentive and Training Programme

This Hiring Incentive and Training Programme brief guideline is prepared to assist those who need some information on the incentives and assistance available

Publication Unlock Malaysia - Your Pathway to Stimulus & Growth

This guide has been prepared to assist those who are interested to do business in Malaysia.

MFRS MFRS - Alternative performance measures

In this article 'Considerations when preparing financial statements and using alternative performance measures' we set out various ways to enhance

Tax UPDATED: Short-term Economic Recovery Plan (PENJANA) – Tax Measures

As Malaysian enters the Recovery stage, an economic recovery plan known as Pelan Jana Semula Ekonomi Negara (PENJANA) has been introduced by the Government.

MFRS Events after the reporting period

In accordance with MFRS 110 ‘Events after the Reporting Period’, entities are required to distinguish between subsequent events that are adjusting (ie those

MFRS Five accounting considerations relating to revenue recognition

This article highlights key aspects of MFRS 15 ’Revenue from Contracts with Customers’, that are expected to be particularly relevant during the COVID-19

MFRS COVID-19: Government grants

While many forms of government assistance should be accounted for by applying MFRS 120 ‘Accounting for Government Grants and Disclosure of Government

Webinar video Effective Resilience for Corporates

Grant Thornton Malaysia has organised a webinar on Thursday, 11 June 2020 to help you navigate effectively. This webinar will focus on the key challenges and

Tax Short-term Economic Recovery Plan (PENJANA) – Tax Measures

The spread of the Covid-19 has been a global challenge socially and economically, and Malaysia is not spared from the crisis. In order to overcome the Covid-19

MFRS COVID 19: Accounting for lease modifications

MFRS 16 contains specific requirements on accounting for lease modifications. Rent concessions that change the overall consideration for the lease are in the

Tax Fifth extension of payment deadlines due to the RMCD

The Royal Malaysian Customs Department has recently announced another extension of payment deadlines to 30 June 2020. Penalties imposed on tax payments for the

MFRS Impairment of intangible assets and goodwill

As the impact of a novel strain of coronavirus (COVID-19) continues to unfold around the world, those individuals responsible for preparing financial

Announcement Bursa Malaysia Grants One Month Extension of Time for Listed Issuers with FYE on 31 March 2020 to Issue Annual Reports

Bursa Malaysia Securities Berhad (“Bursa Malaysia”) is granting an extension of time of one month to listed issuers with financial year ending (“FYE“) on 31

Tax UPDATED: Fourth extension of payment deadlines due to the RMCD

In view that the Movement Control Order is further extended to the fourth phase up until 12 May 2020, the deadlines for payments due to the Royal Malaysian

Announcement Practice Directive No. 6/2020 by SSM

In support of the Government initiatives to ease the economic pressures faced by the corporate community arising from the Covid pandemic, Companies Commission

Announcement Additional temporary relief measures to listed issuers announced by Bursa Malaysia

Due to the second extension of the Movement Control Order (“MCO”) for another two weeks from 15 April until 28 April 2020 announced by The Government on 10

Tax Additional measures of economic stimulus package

Further to the earlier Prihatin Rakyat Economic Stimulus Package, the Malaysia government announced additional measures valued at RM10 billion on 6 April 2020,

MFRS Reporting the impact of COVID-19 on your business

As the impact of a novel strain of coronavirus (COVID-19) continues to unfold around the world, those individuals responsible for preparing financial

The Resilience Wheel The Resilience Wheel: where to focus your business in stressed or distressed conditions

With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. The

MFRS COVID-19: Financial reporting and disclosures

The novel coronavirus (COVID-19) pandemic is spreading around the globe rapidly. The virus has taken its toll on not just human life, but businesses

Tax Filing of tax returns for foreign registered providers

The official system in the MySToDS portal for a foreign registered person (“FRP”) providing digital services to consumers in Malaysia to submit the returns,

Tax Second Economic Stimulus Package 2020

A second economic stimulus package was announced by the Malaysia government on 27 March 2020 to strengthen the economy, as well as necessary measures to

Announcement Bursa Malaysia announces additional relief measures

Due to the further extension of Movement Control Order (“MCO”) announced by the Government on 25 March 2020, Bursa Malaysia had on 26 March 2020 announced

Announcement Deferment of Holding of AGMs and Related Issues Amidst COVID-19

Due to the World Health Organization’s announcement on 11 March 2020, which categorised the COVID-19 outbreak as pandemic and the implementation of the

Tax FAQs issued by the IRBM during the MCO period

Following the implementation of the Movement Control Order for the period 18 March 2020 to 31 March 2020 (‘this period”), the Inland Revenue Board of Malaysia

Tax Extension of various tax deadlines

Welcome to Tax Alert, Grant Thornton Malaysia’s newsletter on the latest tax updates and information.

MFRS Accounting implications of the Coronavirus (COVID-19)

As Coronavirus is becoming more widespread, it is important that businesses consider the accounting implications as a result of the impact it is having on

Tax Deferment of tax instalment payment and revision of income tax estimation

Welcome to Tax Alert, Grant Thornton Malaysia’s newsletter on the latest tax updates and information.

Tax Tax Alert 11 March 2020

Welcome to Tax Alert, Grant Thornton Malaysia’s newsletter on the latest tax updates and information.

International Business Report (IBR) Women in Business 2020

Our 2019 Women in business report: building a blueprint for action shows that progress is being made towards gender parity at the senior management level. The

Tax Updated: Economic Stimulus Package 2020

There were changes made to the proposals announced previously on the Malaysia Economic Stimulus Package 2020. We have updated our Adviser to incorporate the

Tax Economic Stimulus Package 2020

An economic stimulus package was announced on 27 February 2020 to brace the country’s economy against the effects of the Covid-19 outbreak.

MFRS IASB Issues Classification of Liabilities as Current or Non-Current

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

Tax Tax Alert February 2020

Welcome to Tax Alert, Grant Thornton Malaysia’s newsletter on the latest tax updates and information.

Tax Tax Alert 23 January 2020

The Inland Revenue Board of Malaysia (“IRBM”) has released the latest Tax Audit and Investigation Framework .

Tax Tax Alert 17 January 2020

The Royal Malaysian Customs Department has recently released six Service Tax Policies setting out the amendments and approaches in relation to service tax

MFRS IASB issues Interest Rate Benchmark Reform

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

Tax Tax Alert 15 January 2020

Acquisition of services from foreign service provider may be subject to service tax if it is a taxable service. Recently, there was announcement that this

Tax Tax Alert 24 December 2019

The Service Tax (Amendment) (No. 2) Regulations 2019 was gazetted recently on 23 December 2019. The main highlights of the amendment cover areas announced in

Tax Tax Alert 5 December 2019

The Labuan Business Activity Tax (Amendment) Bill 2019 has been passed in the Parliament of Malaysia on 2 December 2019

MFRS New annual improvements proposals published

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

MFRS Proposed amendments to MFRS 17 ‘Insurance contracts’

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

Tax Malaysia Budget 2020 V2

This Budget Adviser provides updates on the additional tax measures that were included in the Finance Bill 2019.

Tax Tax Alert 15 October 2019

A guidelines on Principal Hub (PH) 2.0.

Tax Malaysia Budget 2020

This Budget analysis provides details on various tax measures that were announced in the 2019 Budget speech.

Tax Tax Alert 7 October 2019

latest gazette orders

MFRS Illustrative of Presentation and disclosure of MFRS 16

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. This is the illustrative of previous month's MFRS news on

MFRS Insights into MFRS 16: Presentation and disclosure

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

International Business Report What a trade war means for Asia Pacific businesses

What a trade war means for Asia Pacific businesses

Tax Tax Alert 23 July 2019

The Service Tax (Amendment) Act 2019 has been gazetted recently on 9 July 2019. The main highlight of the amendment act is the introduction of Digital Service

Tax Tax Alert 22 July 2019

Following the 2019 Budget announcement, the Income Tax (Deduction for Employment of Senior Citizen, Ex-Convict, Parolee, Supervised Person and Ex-Drug

Tax Tax Alert 17 July 2019

The Royal Malaysian Customs Department (RMCD) has issued guidance on reporting for sales tax exemption under Item 57 Schedule A, Sales Tax (Person Exempted

MFRS MASB looks to clarify MFRS 137’s onerous contracts requirements

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

Tax Tax Alert 10 July 2019

Further to the Income Tax (Restriction on Deductibility of Interest) Rules 2019 covered in our Tax Alert dated 3 July 2019 to restrict the deduction of

Tax Tax Alert July 2019

Following the 2018 Budget announcement and pursuant to Section 140C of the Income Tax Act 1967 [“the Act”], the Income Tax (Restriction on Deductibility of

Leadership 2030 The future of leadership: anticipating 2030

Global business is facing a wave of disruptive influences that look set to spark the Fourth Industrial Revolution. We explore how the way professionals work is

MFRS Insights into MFRS 16: Lease payments

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

Tax GST Updates

GST Updates

MFRS Insights into MFRS 16: May 2019

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

Tax Updates on GST and Sales Tax Exemption

Updates on GST and Sales Tax Exemption

Tax Updates on Sales Tax and Service Tax

Updates on Sales Tax and Service Tax

Tax Inland Revenue Board’s Media Release on SVDP

The Inland Revenue Board of Malaysia (“IRB”) has recently issued media releases.

Tax Have you filed your personal income tax return ?

Recap of the changes affecting individual tax for the Year of Assessment 2018.

International Business Report (IBR) Women in business 2019

Our 2019 Women in business report: building a blueprint for action shows that progress is being made towards gender parity at the senior management level. The

MFRS MFRS 16: Transition choices

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

MFRS MFRS 16: Leases

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

Tax Tax Alert January 2019A

The Finance Act 2018 and various Orders were gazetted recently. Selected changes are highlighted below for your attention.

Tax Tax Alert January 2019

The long-awaited Sales Tax and Service Tax (“SST”) frameworks have finally been released by the Royal Malaysian Customs Department (“RMCD”) on 19 July 2018.

MFRS MASB amends its definition of ‘material’

The MASB has issued ‘Definition of Material’ making amendments to MFRS 101 ‘Presentation of Financial Statements’ and MFRS 108 ‘Accounting Policies, Changes in

International Business Report (IBR) APAC businesses rally behind automation

Given the slowing rate of economic growth, businesses across Asia Pacific (APAC) region have an appetite for automation. In this article we explore where that

International Business Report (IBR) The road to prosperity? Infrastructure improvements driving ASEAN business outlook

South East Asia is a bright spot in the global economy. The outlook for the region is sustained, healthy growth of more than 5% per year between now and

International Business Report (IBR) Future of APAC 2018: Identifying growth in disruption

Asia Pacific (APAC) is a region in flux. In 2018, businesses must contend with numerous challenges, not limited to environmental risks and an ageing

Tax Malaysia Budget 2019

This Budget analysis provides details on various tax measures that were announced in the 2019 Budget speech.

MFRS Accounting for client money 2018

Our MFRS News series provides insights from our global MFRS team on applying MFRS in challenging situations. Each edition will focus on an area where the

MFRS MFRS 119 ‘Employee Benefits’

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

Tax International indirect tax guide 2018

Indirect taxation is still evolving, and an arguable simple tax is growing in its complexity and application as a traditional goods and services model is

MFRS Long-term Interests in Associates and Joint Ventures (Amendments to MFRS 128)

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

Tax Tax Alert July (3) 2018

The long-awaited Sales Tax and Service Tax (“SST”) frameworks have finally been released by the Royal Malaysian Customs Department (“RMCD”) on 19 July 2018.

Tax Tax Alert July (4) 2018

Malaysia’s Participation in Forum of Harmful Tax Practices (FHTP) under the Organization for Economic Cooperation and Development (OECD) Inclusive Framework

MFRS Prepayment Features with Negative Compensation (Amendments to MFRS 9)

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

MFRS Annual Improvements to MFRS Standards 2015–2017 Cycle

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

Tax Tax Alert May 2018

GST will be zero-rated with effect from 1 June 2018

MFRS REMINDER: MFRS 9 and MFRS 15

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

MFRS REMINDER: MFRS 9 and MFRS 15

MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide

Tax Tax Alert March 2nd Issue 2018

Issuance of Practice Note No. 1/2018 by the Inland Revenue Board of Malaysia

MFRS Accounting for client money

This edition of MFRS Hot Topics, the term ‘client money’ is used to describe a variety of arrangements in which the reporting entity holds funds on behalf of

International Business Report (IBR) Women in business 2018

Businesses globally have taken one step forward but one step back on women in leadership. Significantly more businesses (75% in 2018 v 66% in 2017) now have at

Tax Tax Alert March 2018

Recap of Relief Reviewed / New Tax Reliefs for Individuals for the Year of Assessment 2017

MFRS Cost of a new building constructed on the site of a previous building

This edition of MFRS Hot Topics provides guidance on howIf an entity constructs a new building on the site of a former building, is the carrying value of the

MFRS Prepare for revenue recognition standard with MFRS 15 Contract Review Tool

A single, global converged, principal-based revenue recognition model – MFRS 15 Revenue from Contracts with Customers is effective from 1 January 2018 and it

MFRS Costs of an initial public offering

This edition of MFRS Hot Topics provides guidance on how should the costs of an initial public offering (IPO) that involves both issuing new shares and a stock

MFRS Preparing financial statements when the going concern basis is not appropriate

This edition of MFRS Hot Topics provides guidance on the issues encountered when an entity determines that it is not appropriate to prepare its financial

MFRS Reverse acquisition by a listed company

This issue considers the reverse acquisition by a listed company.

Tax Malaysia Budget 2018

This Budget analysis provides details on various tax measures that were announced in the 2018 Budget speech.

MFRS Inventory discounts and rebates

This issue considers how a purchaser accounts for discounts and rebates when buying inventory.

Articles and publications Grant Thornton News

Heartiest congratulations to our leaders on their leadership roles in their respective prestigious institutes. We wish our leaders every success and may they

MFRS Acquisition of investment properties – asset purchase or business combination?

This edition considers whether the purchase of an investment property is accounted for as a business combination or as an asset purchase.

MFRS Related party loans at below-market interest rates

This edition provides a framework for accounting for loans made by an entity to a related party that are at below-market levels of interest.

Tax Tax Alert 2017

Further to the Finance Act 2017 being gazetted on 16 January 2017, The Inland Revenue Board of Malaysia has issued two Practice Notes to clarify issues

MFRS Impairment of available-for-sale equity investments

This publication provides guidance on the application of MFRS 139’s impairment rules to investments in equity instruments that are classified as

MFRS Contracts requiring payments linked to future sales

This publication considers the appropriate accounting for contracts that require an entity to make payments based on future entity revenues or product sales.

Tax Tax Alert 2017

The Inland Revenue Board of Malaysia has issued a Media Release to provide clarification regarding the imposition of penalty at a rate of 100% which will be

MFRS Convertible debt and the effect of the changes to the conversion ratio on equity or liability classification

This publication provides guidance on when an entity designates a cash flow hedge of a highly probable forecast transaction, what are the accounting

MFRS Cash flow hedging and changes to a forecast transaction

This publication provides guidance on when an entity designates a cash flow hedge of a highly probable forecast transaction, what are the accounting

Tax Alert March 2017 Tax Alert March 2017

Recap of the New Tax Reliefs / Increases in Tax Relief for Individuals for the Year of Assessment 2016.

International Business Report (IBR) Women in business: New perspectives on risk and reward

The gender diversity issue has been on the business agenda for many years now, yet a third of businesses still have no women at a senior management level.

MFRS Contracts for purchase or sale of non-financial items denominated in a foreign currency

In this Hot Topic, it is assumed throughout that the host sale or purchase contract is outside the scope of MFRS 139. Contracts that can be settled net (rather

MFRS Classification of derivatives as current or non-current

This publication discusses should assets and liabilities arising from derivative financial instruments (derivatives) be classified in the statement of

Tax Tax Alert 2017

With the Finance Act, 2017 being gazetted on 16 January 2017, there are some of the salient amendments in the Income Tax Act, 1967 (“the Act”) that would

MFRS Financial instruments with payments based on profit of the issuer

A contractual obligation to pay interest or dividends linked to profits of the issuer should be classified as a liability (rather than as equity) by the

MFRS Parent entity financial guarantee contracts

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other

MFRS Non-controlling interests and other comprehensive income

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other

Tax Malaysia Budget 2017

This Budget analysis provides details on various tax measures that were announced in the 2017 Budget speech.

MFRS Acquisition date fair value and subsequent selling price

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other

GrowthiQ Steering your company to long-term success

start up business

MFRS Equity accounting, fair value adjustments and impairment

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other

MFRS Common control business combinations

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other

Tax Alert - issue 07 Tax Alert

This newsletter provides information on the latest tax updates.

MFRS Revenue recognition and foreign currency translation

If an entity earns revenues denominated in foreign currency: • how are these revenues translated into the entity’s functional currency? • are related deferred

MFRS Major reforms to global lease accounting (Part 4)

The IASB has published IFRS 16 ‘Leases’ completing its long-running project on lease accounting. This special edition of IFRS News series explains the

Tax Alert - issue 06 Tax Alert

This newsletter provides information on the latest tax updates.

International indirect tax guide 2016 International indirect tax guide 2016

Indirect taxation is becoming ever more complicated, varied between jurisdictions and prone to government tinkering. With some of the biggest tax reforms

MFRS Major reforms to global lease accounting (Part 3)

The IASB has published IFRS 16 ‘Leases’ completing its long-running project on lease accounting. This special edition of IFRS News series explains the

Tax Risk Management Transparent and responsible risk management

Tax Risk Management

GST Health Check GST Health Check

Grant Thornton can provide guidance and assistance to identify the GST risks and subsequently your business can prepare remedial measures to mitigate the GST

MFRS Major reforms to global lease accounting (Part 2)

The IASB has published IFRS 16 ‘Leases’ completing its long-running project on lease accounting. This special edition of IFRS News series explains the

Assurance The future of audit

The world is changing. The financial crisis emphasised the extent to which financial systems are connected globally. This interconnectedness not only brings

Tax Alert - issue 04 Tax Alert

This newsletter provides information on the latest tax updates. Guidelines on the Offer in Reduction of Penalty for Voluntary Disclosure and Waiver of Tax

MFRS Major reforms to global lease accounting

The IASB has published IFRS 16 ‘Leases’ completing its long-running project on lease accounting. This special edition of IFRS News series explains the

International Business Report (IBR) Women in business: turning promise into practice

The gender diversity issue has been on the business agenda for many years now, yet a third of businesses still have no women at a senior management level.

Tax Alert - issue 03 Tax Alert

This newsletter provides information on the latest tax updates.

GrowthiQ How to retain your start-up spirit

start up business

MFRS Construction contracts with costs or revenues in more than one currency

This issue discusses the accounting for financial liabilities with a demand feature (on-demand financial liabilities). This publication considers the

Tax Alert - issue 01 Tax Alert

This Budget analysis provides details on various tax measures that were announced in the 2016 Budget speech.

Tax Alert - issue 02 Revised 2016 Budget

This Budget analysis provides details on various tax measures that were announced in the 2016 Budget speech.

GrowthiQ How to plan for the future

future,planning

MFRS Cash flow statements – common pitfalls and application issues Part V - Cash flows relating to business combinations and disposals

This is a series of issues that provide guidance on the practical application issues of MFRS 107 Statement of Cash Flows. Part V will be the last section of

MFRS Cash flow statements – common pitfalls and application issues (Part IV - Foreign currency exchange differences)

This is a series of issues that provide guidance on the practical application issues of MFRS 107 Statement of Cash Flows. There are a number of presentation

GrowthiQ Transform your business with the Internet of Things

internet of things

GrowthiQ Why every company needs a purpose

purpose

MFRS Cash flow statements – common pitfalls and application issues (Part III - Presentation issues)

This is a series of issues that provide guidance on the practical application issues of MFRS 107 Statement of Cash Flows. There are a number of presentation

Tax Malaysia Budget 2016

This Budget analysis provides details on various tax measures that were announced in the 2016 Budget speech.

GrowthiQ How to be cyber-secure

Cyber-attacks are set to grow in their number and nature; those companies that embed security measures into their culture will be most successful at fending

MFRS Cash flow statements – common pitfalls and application issues (Part II - Classification of cash flow by activity)

Applying MFRS 107 Statement of Cash Flows gives rise to a number of interpretive and application issues. Increasingly, regulators and other commentators on

GrowthiQ The new customer mindset

To succeed in the B2B sharing economy, businesses need to understand what drives customers who are willing to use crowdsourced and automated

MFRS Cash flow statements – common pitfalls and application issues (Part I - Definition of Cash and Cash Equivalents)

Applying MFRS 107 Statement of Cash Flows gives rise to a number of interpretive and application issues. Increasingly, regulators and other commentators on

GrowthiQ Keeping it in the family

Choosing the right leader for your business is fundamental to its long-term success. So why are so many family firms not planning for succession effectively?

GrowthiQ The Indian opportunity

Aston Manor Cider, one of the world’s largest independent cider producers, is no stranger to the export market. The UK-based company’s specialty beverage is

Tax BEPS: Businesses call for clarity

Three quarters of business leaders would pay more taxes in exchange for greater clarity from authorities on what is acceptable. And while few expect a global

MFRS Unclaimed on-demand financial liabilities

This issue discusses the accounting for financial liabilities with a demand feature (on-demand financial liabilities). This publication considers the

GrowthiQ Oil price drop: windfall or worry?

The slump in oil prices has its winners and losers. Jim Menzies, global leader for the food and beverage sector at Grant Thornton, says the outlook is good for

IBR Call to delay revenue recognition start date

As the International Accounting Standards Board (IASB) meets today (22 July 2015) to discuss the 2017 implementation date for new global revenue recognition

Corporate governance The tone from the top

In light of growing international interest and scrutiny of corporate practices we set out to explore how three major aspects of governance – the role of

GrowthiQ IFRS: a route to growth

Although some see International Financial Reporting Standards (IFRS) as a regulatory burden, the evidence suggests that global standards actually oil and

GrowthiQ Tackling corruption

At the G20 summit in Australia last November, global leaders reaffirmed a commitment they made in 2010 to tackle the negative impact of corruption on economic

MFRS Classification of loans with covenants as current or non-current

Loan agreements often include covenants that, if breached by the borrower, permit the lender to demand repayment before the loan’s normal maturity date. Such

GrowthiQ Automation: the pros & cons

Rising labour costs and the quest for productivity are driving businesses to automate. Finding new roles for redundant workers will be the next challenge.

GrowthiQ How to give up the CEO’s chair

Giving up the CEO role is one of the toughest challenges an entrepreneur will face, but doing it successfully will help their business to grow. This article

MFRS Loans with early repayment options

This issue provides guidance on accounting for debt instruments that include options allowing the borrower to repay the debt before the end of its full

International Business Report (IBR) The future of Europe 2015

The European recovery is gaining momentum according to Grant Thornton's International Business Report (IBR). However, drawing on interviews with more than

GrowthiQ Using crowdfunding to grow

Video case study: UK company Berry White used crowdfunding platform CrowdCube to scale up internationally. Here's how they did it.

MFRS Loan commitments

Discusses about accounting for loan commitments that are outside the scope of MFRS 139.

GrowthiQ Growing beyond borders

Advances in technology and logistics allow businesses to expand across borders more easily, but understanding and overcoming the psychological barriers to

GrowthiQ Global tax reform: it’s time to act

Francesca Lagerberg says the global backlash against corporate tax avoidance means companies that trade across borders need to get their tax affairs in order

International Business Report (IBR) Eurozone economic recovery strengthens

Almost three months on from the launch of the European Central Bank's quantitative easing programme, new research from the Grant Thornton International

MFRS Onerous operating leases

To discusses the application of MFRS 137 Provisions, Contingent Liabilities and Contingent Assets to onerous operating leases for the lessee.

Tax A global guide to business relocation

There are a number of cost and commercial reasons why a group may consider relocating, but it is also important to understand the consequences.

International Business Report (IBR) Global M&A snapshot 2015

Companies are increasingly focused on high-quality strategic transactions, with less time spent on investigating peripheral opportunities, according to our

GrowthiQ Why you need to consider natural capital

Businesses need to open their eyes to the benefits of measuring and valuing natural capital says global leader for energy & cleantech Nathan Goode.

International Business Report (IBR) Women in business: the path to leadership

Our 2015 women in business report looks at how to facilitate the career paths of women into senior management and offers 12 recommendations to society,

Hospitality and tourism Hotels 2020: Welcoming tomorrow's guests

The hotel industry is going through a period of unprecedented, irreversible change and will look very different in 2020 than it does today.

MFRS Lease extensions and renewals

This issue will provide guidance on the accounting treatment of lease extensions and renewals.

GrowthiQ The global sharing economy

Poised to be every bit as disruptive as the internet revolution, is your business ready for the rise of the sharing economy?

International Business Report (IBR) The global economy in 2015

Drawing on 10,000 interviews with company leaders and international forecast data, this report considers the outlook for the global economy and what this means

MFRS Lease prepayments and impairment

This issue will provide guidance on impairment issues of lease prepayments.

GrowthiQ A recovery. But not as we know it.

In the inaugural GrowthiQ article, global CEO, Ed Nusbaum considers the outlook for the global economy, and tells business leaders that opportunities remain

International business report (IBR) Global uncertainty weighs on resurgent business confidence

New research from the Grant Thornton International Business Report (IBR) reveals that while business confidence in 2014 climbed to levels not seen since before

MFRS Share-based payments of an associate

This issue will provide guidance on how and when should the investor record a change in its ownership interest when an associate (investee) issues new

IFRS Consolidated financial statements

This illustrative set of financial statements sets out good practice in the application of the presentation and disclosure requirements of IFRS for year-end

IFRS IFRS News - Q1 2015

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues,

Food & Beverage Expanding horizons

F&B companies are using international expansion to chase profits globally.

International Business Report (IBR) Talent squeeze threatens global growth

Businesses in the world’s three biggest economies, the United States, China and Japan, are increasingly feeling the heat when it comes to recruiting skilled

MFRS Share-based contingent consideration

A contract to issue share-based contingent consideration (shares) should be measured at its fair value on the acquisition date for the purpose of determining

IFRS Navigating changes to IFRS for CFOs

This publication provides a high-level summary of recent changes to IFRS that will affect companies' future financial reporting. Changes are colour coded to

Private Equity Creating growth

Private equity has always focused on creating value and helping promote growth in portfolio companies. Since the industry began, private equity firms have

Mining The resurgence of M&A in mining

Recession, economic uncertainty, and market volatility have forced many miners out of the industry and brought others to the point of insolvency.

IFRS 15 A new global standard on revenue – life sciences

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the life sciences industry.

MFRS Accounting for the contribution of assets or businesses to a joint arrangement by a party to the joint arrangement on formation

This issue specifically provides guidance on accounting that should be applied by the joint arrangement (either a joint operation or joint venture) receiving

Tax Malaysian Budget 2015

This Budget analysis provides details on various tax measures that were announced in the 2015 Budget speech.

MFRS Additional investments in associates and joint ventures

This issue provides guidance on the accounting of acquisition of additional investments in associates and joint ventures.

International business report (IBR) Sustainability: changing the debate in emerging markets

With momentum building towards the UN Climate Change Conference in Peru, new figures from IBR reveal that businesses leaders in emerging markets are more

Articles and publications Doing business in Malaysia

This publication serves as a guideline to assist those who are interested in doing business in Malaysia.

MFRS Special Edition on Revenue: September issue

The IASB has published IFRS 15 ‘Revenue from Contracts with Customers’.

IFRS IFRS News special edition on IFRS 9

IFRS 9 fundamentally rewrites the accounting rules for financial instruments, introducing a new approach for financial asset classification and replacing the

MFRS Special Edition on Revenue: August issue

This special edition of MFRS Hot Topics explains the key features of the new Standard and provides practical insights into its application and impact.

IFRS 15 A new global standard on revenue – Manufacturing industry

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the manufacturing industry.

IFRS 15 A new global standard on revenue – software & cloud services

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the software and cloud services

IFRS 15 A new global standard on revenue – retail industry

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the retail industry.

IFRS 15 A new global standard on revenue – real estate

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the real estate industry.

IFRS A new global standard on revenue – construction

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the construction industry.

MFRS Special Edition on Revenue: July issue

The IASB has published IFRS 15 ‘Revenue from Contracts with Customers’.

MFRS Cost of an investment in a subsidiary in separate financial statements

This issue provides guidance on cost of an investment in a subsidiary in separate financial statements.

International Business Report (IBR) Future of Europe 2014

The third edition in our 'Future of Europe' series looks at three distinct aspects of the regional business, economic and political landscape: recovery,

MFRS Consolidated financial statements when an entity ceases to be a parent entity

This issue provides guidance on consolidated financial statements when an entity ceases to be a parent entity.

MFRS The effect of events after the reporting period on valuation, impairment and existence of financial assets

This issue provides guidance on the effect of events after the reporting period on valuation, impairment and existence of financial assets.

International Business Report (IBR) Dynamic businesses at forefront of M&A

Dynamic businesses at the forefront of M&A activity highlights an increasing importance for M&A in driving growth. There is a clear acknowledgment from the

GrowthiQ Welcome to GrowthiQ

GrowthiQ: Insights to help your business grow

International Business Report (IBR) From classroom to boardroom

24%: that is the proportion of women holding the most senior roles in businesses across the globe.

Real Estate and Construction Microclimates of opportunity

Developers, property companies, investors and homeowners suffered disproportionately during the financial crisis. But now, finally, expectations for

IFRS IFRS Top 20 tracker

This publication guides management through the top 20 disclosure and accounting issues identified by Grant Thornton as potential challenges for IFRS preparers.

MFRS Methods of amortising intangible assets

This issue provides guidance on selecting an appropriate amortisation method for intangible assets in accordance with MFRS 138 Intangible Assets.

International Business Report (IBR) Modern trends in business leadership

The role of leaders in creating successful businesses and driving growth is crucial. How these leaders run their teams and make decisions can be the difference

MFRS Trade receivables and impairment (Part 2)

This issue provides the continuation of the requirements of MFRS 139 Financial Instruments: Recognition and Measurement on trade receivables and the

International Business Report (IBR) The global economy in 2014

Drawing on data and insight from the Grant Thornton International Business Report (IBR), the Economist Intelligence Unit (EIU) and the International Monetary

MFRS Trade receivables and impairment (Part 1)

This issue reflects the requirements of MFRS 139 Financial Instruments: Recognition and Measurement on trade receivables and the related impairment model.

IFRS IFRS9 hedge accounting

IAS 39 ‘Financial Instruments: Recognition and Measurement’, the previous Standard that dealt with hedge accounting, was heavily criticised for containing

Tax Malaysian Budget 2014

This Budget analysis provides details on various tax measures that were announced in the 2014 Budget speech.

Global economy in 2013 Uncertainty weighing on growth

Presidential elections in some of the world’s largest economies, the sovereign debt crisis and the US fiscal cliff have all contributed to a global sense of

Mergers and acquisitions The rise of the cross-border transaction 2013

The appetite for cross-border deals has rocketed by 18% during the past 12 months. This is the key finding from our latest research that looks at attitudes to

Global Dynamism Index (GDI) Global Dynamism Index (GDI) 2013

These are the results of the Grant Thornton Global Dynamism Index (GDI) 2013, an annual research project designed by the Economist Intelligence Unit, which

GrowthiQ Dealing with corrupt practices

Dealing with corrupt practices in Brazil and India.

GrowthiQ Changing corrupt cultures

Changing corrupt cultures in India and Brazil

IFRS Liability or equity?

Classification of a financial instrument as either liability or as equity has an immediate and significant effect on an entity’s reported results and financial

IFRS Deferred tax – avoiding the pitfalls

Many companies find the accounting for deferred tax causes significant practical difficulties. This guide summarises the approach required by IAS 12 'Income

Women in business 2012 Still not enough

The past 12 months have seen women take the lead in some of the toughest economic and political environments, and they also head governments in countries such

Global Dynamism Index (GDI) Global Dynamism Index (GDI) 2012

We believe that dynamic organisations need to apply both reason and instinct to decision making. Deciding which markets your business should operate in is no

IFRS Cash flow statements – avoiding the pitfall

Increasing attention on companies’ cash generation and liquidity position has led financial statement users, regulators and other commentators to focus

GrowthiQ The impact of corruption

The impact of corruption in Brazil and India