MIA Practice Review 2025: Key Lessons and Red Flags for Malaysian Audit Firms Kuala Lumpur, October 2025 — As Malaysia’s audit profession evolves, the Malaysian Institute of Accountants (MIA) continues to tighten its oversight of audit quality through the Practice…
🧭 ISQM 1 & ISQM 2 in Malaysia: Strengthening Audit Quality and Professional Accountability Kuala Lumpur, October 2025 — Malaysia’s audit profession is entering a new era of accountability and excellence. With the rollout of International Standards on Quality Management…
📘 FRS 18 (Presentation and Disclosure in Financial Statements): A Complete Guide for Singapore Businesses Singapore, October 2025 — The Accounting Standards Council (ASC) has officially adopted FRS 18, aligning Singapore’s standards with the International Financial Reporting Standards (IFRS 18)…
⚖️ Malaysia’s Judicial Appointment Controversy: Implications for Governance and Business Confidence Kuala Lumpur, October 2025 — Malaysia is facing intense debate following the latest judicial appointment controversy that has raised questions about transparency, independence, and the rule of law. As…
🧾 Part 1 – Understanding Malaysia’s Real Property Gains Tax (RPGT): What Every Business and Individual Should Know Introduction Real Property Gains Tax (RPGT) has long been part of Malaysia’s tax system, designed to curb speculative property trading and ensure…
💼 Part 2 – Malaysia’s Capital Gains Tax (CGT): A New Era for Investment and Corporate Transactions Introduction Following the implementation of Capital Gains Tax (CGT) in 2024, Malaysia has entered a new chapter in tax policy — expanding beyond…
KWSP Mandates Contributions for Non-Malaysian Citizen Employees Introduction Starting in October 2025, employers in Malaysia must register and contribute to the Employees Provident Fund (KWSP) for non-Malaysian employees who hold valid work passes (excluding domestic workers). The move reinforces fairness…
Input Method Percentage of Completion – Revenue Recognition Explained Introduction The Input Method Percentage of Completion is a recognized approach for revenue recognition under IFRS 15 and FRS 115 in Singapore. Unlike the output method, which tracks deliverables, this approach…
Output Method Percentage of Completion – A Guide for Revenue Recognition Introduction The Output Method Percentage of Completion is one of the most widely used approaches for recognizing revenue in long-term projects such as construction, engineering, and large service contracts.…
Introduction: Embracing Cryptocurrency Payments At USAFE, we continuously adapt to the changing financial landscape. To provide clients with more flexibility and efficiency, we are excited to announce that we now accept cryptocurrency payments in Singapore. This move reflects our commitment…
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