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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 additional relief measures to alleviate the impact of Covid-19 on capital market players.

In order to facilitate the affected companies to prepare and audit the financial statements and reports announcement and comply with the requirements of the CA 2016 due to the implementation of MCO, Companies Commission of Malaysia (“SSM”) had on 1 June 2021 issued Practice Directive No. 8/2021 to clarify the special procedures for companies to apply for an extension of time to hold an AGM or to submit a financial statement and reports.

Program Strategik Memperkasa Rakyat dan Ekonomi Tambahan (PEMERKASA+)

The Malaysian Accounting Standards Board (MASB) has issued ‘Covid-19-Related Rent Concessions beyond 30 June 2021 (Amendment to MFRS 16)’, an extension to the practical expedient period in the amendments to MFRS 16 ‘Leases’ made last year. This extension is for one year, so the application period now extends until 30 June 2022.

This article discusses how to identify the date of acquisition or the date the business combination is affected.

This publication explains how to identify the acquirer, the entity that obtains control over an acquiree which meets the definition of a business.

This article sets out how an entity should determine if the transaction is a business combination, and whether it is within the scope of MFRS 3.

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 to hedge accounting and highly probable cash flows.

Program Strategik Memperkasa Rakyat Dan Ekonomi (PEMERKASA)

For 17 years, Grant Thornton has been tracking the global progress of women in senior management. In the last 12 months, unprecedented events have had an unforeseen and unparalleled impact on that progress.

This article provides a high-level overview of MFRS 3 and explains the key steps in accounting for business combinations in accordance with this Standard. It also highlights some practical application issues

Annual financial statements will always be a critical communication to investors and other stakeholders. But how effective will they be in explaining to your stakeholders how the global COVID-19 pandemic has affected your organisation?

The Securities Commission Malaysia and Bursa Malaysia Berhad today announced temporary relief measures for listed issuers in addition to those introduced in 2020. These additional measures will allow listed issuers more time to prepare their financial statements and put in place regularisation plans amid the Covid-19 pandemic.

In support of the Government's initiatives to ease the economic pressures faced by the corporate community arising from the Covid pandemic, Companies Commission of Malaysia (“SSM”) had on 7 April 2020 (Revised 27 January 2021) issued Practice Directive No. 6/2020 to clarify the special procedures for companies to apply for an extension of time to hold an AGM or to submit a financial statement and reports

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 total of 22 initiatives implemented under the PERMAI assistance package.

Changes in Tax Treatment for Small or Medium Enterprise