Archive for September, 2008
First foreign Venture Capitalist company In Malaysia
The Securities Commission (SC) has approved the application of Japan Asia Investment Co Ltd (JAIC), one of the largest venture capital companies (VCCs) in Japan, to undertake activities in Malaysia. The rationale according to SC chairman Datuk Zarinah Anwar is to give the local venture capital market greater depth and breath to the pool of [...]
September 29, 2008
Posted in: Venture Capital 
No Comments
What is Timing Difference in Tax and Timing Differences Versus Permanent Differences
As the taxable profit is computed based on taxation laws which differ from the accounting policies applied to determine the accounting profit, hence the taxable profit and accounting profit can differ. The difference between taxable profit and accounting profit can be classified into:
permanent differences
timing differences
This articles looks at the aforesaid differences and their impact on [...]
September 14, 2008
Tags: Timing differences, What is Posted in: Others No Comments
ACCA and MICPA sign Mutual Recognition Agreement(MRA)
At a ceremony on August 13, 2007 at Le Meridian Kuala Lumpur attended by Dato’ Nordin Baharuddin , MICPA President and Mrs Gillian Ball, ACCA President, a Mutual Recognition Agreement (MRA) was signed by The Malaysian Institute of Certified Public Accountants (MICPA) and ACCA (the Association of Chartered Certified Accountants) with the following details:
provides a [...]
September 8, 2008
Posted in: Accounting Updates/News No Comments
Accounting Fraud/Scandal: Welli Multi’s Case
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Energreen Corporation is the latest name for Welli MultiCorporation Bhd.(also have name to Four Seasons Malaysia Bhd)  was previously queried by  the Malaysian Securities Commission (SC) over the authenticity of its trade receivables of RM113 million over  total trade receivables of Rm113 million as at 31 st December 2005
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Details:
·        The company’s former managing director Ang [...]
September 7, 2008
Posted in: ACCOUNTING FRAUD/SCANDALS, Malaysia & Asia Pacific No Comments
Helen Brand Appointed As New Head of ACCA Global
The Association of Chartered Certified Accountants (ACCA) has appointed Helen Brand as its new chief executive officer effective Sept 1. Brand replaces Allen Blewitt, who returned to after being based at the association’s headquarters in London the last five years.
According to the new CEO:
She aims to maintain ACCA’s position as the lead global accountancy body [...]
September 5, 2008
Tags: ACCA News Posted in: Accounting Updates/News No Comments
