Annual Declaration by a Limited Liability Partnership ("LLP")

Annual Declaration by a Limited Liability Partnership (“LLP”)

Annual Declaration by a Limited Liability Partnership (“LLP”) The Companies Commission of Malaysia (“SSM”) had, on 29 February 2016, issued Practice Note No. 1/2016 “Limited Liability Partnerships Act 2012 – Requirements Relating to the Lodgement of Annual Declaration by a Limited Liability Partnership (“LLP”)“. This Practice Note serves to clarify on the areas below: Time…

Malaysia Main Market and Ace Market

Amendments to Main Market and Ace Market Listing Requirements

Amendments to Main Market and Ace Market Listing Requirements The Bursa Malaysia Securities Berhad (“Bursa Malaysia”) had, on 24 March 2016, issued amendments to the Main Market Listing Requirements (“Main LR”) and ACE Market Listing Requirements (“ACE LR”) (collectively referred to as the “LR”) relating to the following areas together with the relevant Questions &…

Youth Housing Scheme (YHS)

Youth Housing Scheme (YHS) announced by YAB Dato ‘Seri Najib Tun Razak, 1st Minister of Finance and the Prime Minister’s Malaysia under Budget 2015 Bank Simpanan Nasional (BSN) as a Development Financial Institution has been appointed to carry out this scheme and is currently in the midst of implementing this smart partnership with Cagamas Berhad…

Code Addressing the Long Association of Personnel With an Audit Client

IESBA Invites Comments on Limited Re-Exposure of Proposed Changes

IESBA Invites Comments on Limited Re-Exposure of Proposed Changes to the Code Addressing the Long Association of Personnel With an Audit Client The International Ethics Standards Board for Accountants (“IESBA”) has, on 4 February 2016, released an Exposure Draft (“ED’) titled “Limited Re-exposure of Proposed Changes to the Code Addressing the Long Association of Personnel…

Accounting Standard for Malaysian SMEs to include latest improvements

Accounting Standard for Malaysian SMEs to include latest improvements

Accounting Standards for Malaysian SMEs to include latest improvements (28 October 2015) The Malaysian Accounting Standards Board (MASB) today issued limited amendments to the Malaysian Private Entities Reporting Standard (MPERS). These amendments shall be effective for annual periods beginning on or after 1 January 2017, but early application is permitted. The most significant change is…

MASB launches Malaysian Private Entities Reporting Standard

MASB launches Malaysian Private Entities Reporting Standard

MASB launches Malaysian Private Entities Reporting Standard (MPERS) (27 October 2015) The Malaysian Accounting Standards Board (MASB) today launched Malaysian Private Entities Reporting Standard (MPERS), the new financial reporting framework for private entities. The MPERS is practically identical to the International Financial Reporting Standards (IFRS) for SMEs set by the International Accounting Standards Board (IASB),…